I want to apply online for Public Provident Fund PPF Account in State Bank of Bikaner and Jaipur SBBJ so tell me the process to apply online?

SBBJ Public Provident Fund – 1968 Scheme introduced by Central Government in 1968. The Scheme enables the members of the public to make contributions to the Fund and obtain Income Tax rebate under the relevant provisions of the Income Tax.

The form of PPF Account is available in offline mode.

SBBJ Public Provident Fund – 1968 Scheme application form




Eligibility

Individuals
Individuals on behalf of a minor

Minimum / Maximum Investment ( w.e.f. 01.12.2011 )

Minimum 500/- per annum in multiples of 5/-
Maximum 100,000/- per annum

Duration

15 years

Can be extended for one or more blocks of 5 years

Account can be discontinued but repayment of subscriptions along with interest only after 15 years.

Rate of Interest

8.80 % per annum effective from 01.04.2012 credited in account on 31st March every year calculated on the minimum balance between 5th day and end of the month.

Loans-

Loan upto 25% of balance at the end of first financial year from third to sixth year. Second loan can be taken on full payment of first loan.

Contact-

State Bank of Bikaner and Jaipur,
Head Office, Tilak Marg,
Jaipur - 302005.
Phone: 0141- 5101540
Fax: 0141 - 2227990
Email-Id : gmhr@sbbj.co.in