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May 16th, 2016, 12:41 PM
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Join Date: Mar 2012
SBBJ PPF Account Opening Form

Hi buddy here I have come to get State Bank of Bikaner & Jaipur (SBBJ) PPF Account Opening Form, can you plz provide me same ??

State Bank of Bikaner & Jaipur (SBBJ) is the premier Bank in Rajasthan and is looked upon as the Bank wholly patronized by the Government of Rajasthan.

State Bank of Bikaner & Jaipur (SBBJ) PPF Account Opening Form,




Public Provident Fund (PPF) 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.

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.

Last edited by Neelurk; March 26th, 2020 at 11:33 AM.
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