Which Bank is Best for PPF?

Choosing the best bank for PPF account depends on various factors such as interest rates, customer service, branch accessibility, online facilities, and overall reliability. Moreover, I have mentioned some of the top banks for opening a PPF account in India below.

Which is the Best Bank to Open PPF Account 2024?

• State Bank of India (SBI)

  : SBI is one of the largest public sector banks in India and offers PPF accounts with competitive interest rates, convenient online banking facilities, and a vast network of branches across the country.

• ICICI Bank

  : ICICI Bank, a leading private sector bank, also provides PPF account services. It offers competitive interest rates, user-friendly online banking platforms, and a wide range of banking products and services.

• HDFC Bank

  : HDFC Bank is another prominent private sector bank that offers the best PPF account facility. It provides competitive interest rates, efficient customer service, and convenient online banking facilities.

• Bank of Baroda (BoB)

  : Bank of Baroda is a public sector bank known for its PPF account services. It offers competitive interest rates, reliable customer service, and a widespread branch network.

• Punjab National Bank (PNB)

  : PNB is one of the oldest and largest public sector banks in India. It offers PPF accounts with competitive interest rates, easy account management, and a wide range of banking services.

• Axis Bank

  : Axis Bank is a popular private sector bank that provides PPF account services with competitive interest rates and convenient online banking facilities.

• Indian Post Office

  : Apart from banks, the Indian Post Office also offers PPF accounts. It is known for its reliability, accessibility, and presence in even remote areas of the country.

I hope this helps you get an idea of which bank is best to open PPF account.

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It has been more than fifty years since the Public Provident Fund (PPF) scheme was launched by the National Savings Organisation. Financial institutions continue to aid citizens in making huge savings over the long run. I will share with you which bank is best for PPF right here. 

According to me the State Bank of India (SBI) is the answer to the question. There are over 15,000 SBI bank branches in the country making it easily accessible for everyone. They provide provision for opening PPF accounts online as well. 

While determining which bank is best for PPF account in India, I looked at the interest rate, duration of the scheme, ease of opening an account, the procedure for opening an account, possible tax benefits, withdrawal facilities etc. 

In SBI, you will need the following documents to open a PPF account : 

Form A or PPF account opening form, passport-size photograph, any address proof of the individual as per Know Your Customer (KYC) norms, nomination form and copy of the Permanent Account Number (PAN) must be submitted

Many banks have become popular for their PPF account. The list is given below. You can choose the ' best' one according to your needs.

• SBI Allahabad Bank

• ICICI Bank

• State Bank of India and its Subsidiaries 

• BOB - Bank of Baroda

• Central Bank of India 

• IOB - Indian Overseas Bank 

• Union Bank of India 

• Vijaya Bank UCO Bank

• Punjab National Bank 

• Oriental Bank of Commerce

• Bank of Maharashtra 

• Canara Bank 

• IDBI Bank 

• Corporation Bank

• Dena Bank 

• Indian Bank 

• United Bank of India 

• Axis Bank

• BOI -Bank of India 

Add your answer to which bank is best for PPF in the comment section below!