How to open PPF account.

Open PPF account in easy 5 steps

1. Visit any branch of SBI bank, nationalised bank or Post office.

2. Keep the any one of following orignal documents with two recent passport size photographs.
       * Passport
       * Pan Card
       * Voter ID
       * Ration Card
       * Driving Lisence
      ( Note : If you dont have Pan card than you have to submit the attested copy of your Voter Id, Ration card or Passport )

3. Ask for a PPF opening Form or download it from this link  http://www.indiapost.gov.in/pdfForms/PPFActOpening.pdf

4. It will takes ony 3 to 5 minutes to fill the form. Paste the photograph on it, Choose a nominee and get a witness signature.

5. A pay-in slip needs to be filled and the initial subscription needs to be credited into your account. A PPF passbook which is similar to a Saving passbook will be issued with your photo affixed and the nominee's name mentioned. PPF Rules and regulations can be found on the back of the passbook.

That's all, Your PPF account is opened now.

Things to Remember while opening PPF account

1. You can have only one PPF account on your name. If any point it is detected that you have more than one accounts, the another accounts you have opened will be closed immidately and you will be refunded only the principal amount, not the interest earned.

2. You cannot open a joint account with other individual. The account can only be opened in one person's name.

3. You are free to nominate one or more individuals. On the death of account holders, nominees cannot keep the account going by making contributions. If there are no nominees than the legal heirs gets the money.

4. An individual can open one account and others for his/her children or minor of whom he/she is the guardian. But in case of his/her death, the minors or childrens cannot make any additional contribution.

5. Non-resident Indians earning an income in India and wanting to take advantage of the rebate can also open an account. Subscription  however, will have to made from their NRO ( Non Resident Ordinary ) account on a non repatriable basis.