As you asking I am telling State Bank of Bikaner and Jaipur Public Provident Fund (PPF) account offer an excellent medium to mobilize your savings into an interest-generating account that also helps you save on income tax.

Documents required to open PPF account in State Bank of Bikaner and Jaipur

Mentioned hereunder are the documents you’ll need to submit to the bank to open your account:

Duly filled in forms:
Account opening form – Form A.
Pay-In slip – Form B.
Nomination form – Form E.
Identity proof – A copy with a verifiable original of a photo ID proof - either driver’s license, PAN card, passport, etc.
Address proof – a copy with a verifiable original of an address proof - either telephone bill, utilities bill, ownership papers, etc.
Passport sized photographs.

PPF interest rate

The interest on PPF accounts is set by the Government of India’s Ministry of Finance. Currently, the PPF interest rate is 8.7% and is compounded annually.

Bank profile
Type Public
Traded as BSE: 501061
NSE: SBBJ
Industry Banking
Insurance
Capital Markets and allied industries
Founded Jaipur, 1963
Headquarters Head Office,
Tilak Marg,
Jaipur 302 005 India
Key people Arundhati Bhattacharya(Chairman), Jyoti Ghosh(Managing Director)
Products Loans, Savings, Investment vehicles, etc.
Net income Rs. 730.24 Crore (March 2013)