The Union Bank of India is provides a PPF account under the government-backed savings deposit scheme. Union Bank of India PPF account offers a range of benefits including high interest rate and tax benefits.

Documents are needed:

Filled in account application form
Identification proof such as PAN card, driving license, passport, Aadhar card, voters’ ID etc
Address proof such as telephone bill, ration card, electricity bill etc.
Pay-in slip.

Eligibility For Opening Account:
The scheme is open to individual and account can also be opened on behalf minor child as a natural / legal guardian.

Subscription
Minimum amount Rs100/- and maximum Rs150000/-

Period
Minimum period is 15 years and can be extended in a block of 5 years.

Rate Of Interest
Presently, 8.7% p.a. however, subject to change as per Govt. Notification from time to time.

Contents in application form:

Name
Address
PAN card details
Branch name
Initial fund value
Debit account details
Standing instructions