ಸಾಗರೋತ್ತರ
ELIGIBILITY
Resident Indian individuals can open their PPF account.
Guardians can open the A/c on behalf of minor child / person of unsound .
NRI and HUF are NOT eligible to open PPF A/c.
OTHER IMPORTANT FEATURES
PPF comes with an assortment of other benefits :-
Loan Facility :
The facility of loan against the PPF deposits is available from 3rd to 5th year of deposit to the extent of 25 % of the amount deposited at the end of the last financial year. The loan is repayable in 36 months.
Transferability :
Account is fully transferable among branches, banks and post office.
After Maturity :
The account holder can retain the account after maturity for any period without making any further deposits. The balance in the account will continue to earn interest at normal rate as admissible on PPF account till the account is closed.
Court Attachment :
PPF deposits cannot be attached by any Court.
Target
Individuals, Proprietorship/Partnership firms/LLP/ Corporate/Trust Societies/Export Houses
Nature of Facility
Pre & post shipment Packing Credit (INR & USD).Inland LC/Foreign LC/SBLC Issuance and Negotiation of Bills under LC.
Collateral
- ECGC Cover : Mandatory for all.
- Minimum CCR of 0.30 or FACR of 1.00.
- Minimum CCR of 0.20 or FACR of 0.90 for Star rated Export Houses.
Purpose
To meet business requirement of our existing/NTB exporters for execution of export orders.
Security
Hypothecation of assets created out of Bank finance and current assets.
Eligibility
- MSME & AGRO Units having CBR 1 to 5 or (BBB & better ECR if applicable) & having entry level Credit rating .
- Min CBR/CMR as per Product guidelines.
- No SMA ½ in last 12 months.
Up to 50% concession in Service Charges & PPC.
Pre-Shipment -10%.
Post Shipment - 0% to 10%.
Post Shipment - 0% to 10%.
For INR based Export Credit: ROI starting from 7.50% p.a.
(*Terms & Conditions apply)
Nomination
Nomination is mandatory.
Maximum number of nominees in PPF account are now 4.
Rate of Interest
Interest shall be credited to the account at the end of each financial year.
Interest for a calendar month is calculated on the basis of credit balance as on the fifth day and the end of the month, whichever is lower.
Period
The duration of account is 15 years, which can subsequently be extended for 5 years at a stretch for any number of time.
Note : Discontinued account may be revived during its operating period on payment of a penalty of Rs. 50/- along with arrears of deposit of Rs. 500/- for each year of default.
Investment Amount
- An account holder shall be allowed premature closure of his/her account or the account of a minor/person of unsound mind of whom he/she is the guardian on an application to the Bank in Form-5, on any of the following grounds, namely:-
- Treatment of life threatening disease of the account holder, his/her spouse or dependent children or parents, on production of supporting documents and medical reports confirming such disease from treating medical authority.
- Higher education of the account holder, or dependent children on production of documents and fee bills in confirmation of admission in a recognized institute of higher education in India or abroad.
- On change in residency status of the account holder on production of copy of Passport and visa or Income- tax return (the rule shall not apply for the PPF account opened before 12th December 2019).
- Provided that an account under this Scheme shall not be closed before the expiry of five years from the end of the year in which the account was opened.
- Provided further that on such premature closure, interest in the account shall be allowed at a rate which shall be lower by one per cent than the rate at which interest has been credited in the account from time to time since the date of opening of the account, or the date of extension of the account, as the case maybe.
MODE OF INVESTEMENT
Contribution can be made through all BOI Branches and BOI Internet Banking
Statement generation facility is available through BOI Internet Banking and BOI Branches
Facility of Auto deposit into account by Standing instruction is now available
TAX BENEFIT
- PPF is an investment which comes under the EEE (Exempt-Exempt-Exempt) category.
- The investments upto Rs 1.5 Lacs made in the Public Provident Fund are tax deductible U/s 80C of the Income Tax Act.
- The interest accrued is exempt from tax implications.
- The accumulated amount at maturity is completely tax free.
PREMATURE CLOSURE
- An account holder shall be allowed premature closure of his/her account or the account of a minor/person of unsound mind of whom he/she is the guardian on an application to the Bank in Form-5, on any of the following grounds, namely:-
- Treatment of life threatening disease of the account holder, his/her spouse or dependent children or parents, on production of supporting documents and medical reports confirming such disease from treating medical authority.
- Higher education of the account holder, or dependent children on production of documents and fee bills in confirmation of admission in a recognized institute of higher education in India or abroad.
- On change in residency status of the account holder on production of copy of Passport and visa or Income- tax return (the rule shall not apply for the PPF account opened before 12th December 2019).
- Provided that an account under this Scheme shall not be closed before the expiry of five years from the end of the year in which the account was opened.
- Provided further that on such premature closure, interest in the account shall be allowed at a rate which shall be lower by one per cent than the rate at which interest has been credited in the account from time to time since the date of opening of the account, or the date of extension of the account, as the case maybe.
ಪಿ ಪಿ ಎಫ್ ಖಾತೆಗಳು
ನಿಮ್ಮ ಸಮೀಪದಲ್ಲಿರುವ ಎಲ್ಲಾ ಬಿ ಓ ಐ ಶಾಖೆಗಳಲ್ಲಿ ಖಾತೆ ತೆರೆಯುವಿಕೆ ಈಗ ಲಭ್ಯವಿದೆ.
- ಒಬ್ಬ ವ್ಯಕ್ತಿಯು ಶಾಖೆಯಲ್ಲಿ ಅರ್ಜಿಯನ್ನು ಸಲ್ಲಿಸುವ ಮೂಲಕ ಖಾತೆಯನ್ನು ತೆರೆಯಬಹುದು.
- ಒಬ್ಬ ವ್ಯಕ್ತಿಯು ಪ್ರತಿ ಅಪ್ರಾಪ್ತ ವಯಸ್ಕನ ಪರವಾಗಿ ಖಾತೆಯನ್ನು ತೆರೆಯಬಹುದು ಅಥವಾ ಅವನು ರಕ್ಷಕನಾಗಿರುವ ಅಸ್ವಸ್ಥ ಮನಸ್ಸಿನ ವ್ಯಕ್ತಿಯ ಪರವಾಗಿಯೂ ಸಹ ಖಾತೆಯನ್ನು ತೆರೆಯಬಹುದು.
ಅವಶ್ಯಕ ದಾಖಲೆಗಳು
ಇತ್ತೀಚಿನ ಪಾಸ್ಪೋರ್ಟ್ ಅಳತೆಯ ಭಾವಚಿತ್ರ
ವಿಳಾಸ ಮತ್ತು ಗುರುತಿನ ಪುರಾವೆ
- ಆಧಾರ್ ಕಾರ್ಡ್
- ಪಾಸ್ಪೋರ್ಟ್
- ಚಾಲನಾ ಪರವಾನಿಗೆ
- ಮತದಾರರ ಗುರುತಿನ ಚೀಟಿ
- ರಾಜ್ಯ ಸರ್ಕಾರಿ ಅಧಿಕಾರಿಯಿಂದ ಸಹಿ ಮಾಡಿದ ಎನ್ ಆರ್ ಇ ಜಿ ಎ ಯಿಂದ ನೀಡಲಾದ ಜಾಬ್ ಕಾರ್ಡ್
- ಹೆಸರು ಮತ್ತು ವಿಳಾಸದ ವಿವರಗಳನ್ನು ಹೊಂದಿರುವ ರಾಷ್ಟ್ರೀಯ ಜನಸಂಖ್ಯಾ ನೋಂದಣಿಯಿಂದ ಹೊರಡಿಸಲಾದ ಪತ್ರ.
ಪ್ಯಾನ್ ಕಾರ್ಡ್ (ಗಮನಿಸಿ:- ಒಬ್ಬ ವ್ಯಕ್ತಿಯು ಖಾತೆಯನ್ನು ತೆರೆಯುವ ಸಮಯದಲ್ಲಿ ಪ್ಯಾನ್ ಅನ್ನು ಸಲ್ಲಿಸದಿದ್ದರೆ, ಖಾತೆಯನ್ನು ತೆರೆಯುವ ದಿನಾಂಕದಿಂದ ಆರು ತಿಂಗಳ ಅವಧಿಯೊಳಗೆ ಅವನು ಅದನ್ನು ಬ್ಯಾಂಕ್ಗೆ ಸಲ್ಲಿಸಬೇಕು).
ಮೈನರ್ ಪರವಾಗಿ ಆ/ಸಿ ತೆರೆದರೆ:- ಅಪ್ರಾಪ್ತ ವಯಸ್ಸಿನ ಪುರಾವೆ.
ಅಸ್ವಸ್ಥ ಮನಸ್ಸಿನ ವ್ಯಕ್ತಿಯ ಪರವಾಗಿ ಆ/ಸಿ ತೆರೆದರೆ:- ಅಸ್ವಸ್ಥ ಮನಸ್ಸಿನ ವ್ಯಕ್ತಿಯನ್ನು ಸೀಮಿತಗೊಳಿಸಿರುವ ಅಥವಾ ಚಿಕಿತ್ಸೆ ನೀಡಲಾದ ಮಾನಸಿಕ ಆಸ್ಪತ್ರೆಯ ಸೂಪರಿಂಟೆಂಡೆಂಟ್ನಿಂದ ಪ್ರಮಾಣಪತ್ರ.
ಬಿ ಓ ಐ ಗೆ ವರ್ಗಾಯಿಸಿ
- ಪಿಪಿಎಫ್ ಖಾತೆಯನ್ನು ನಿಮ್ಮ ಹತ್ತಿರದ ಬಿ ಓ ಐ ಶಾಖೆಗೆ ಯಾವುದೇ ಇತರ ಬ್ಯಾಂಕ್ಗಳು / ಪೋಸ್ಟ್ ಆಫೀಸ್ನಿಂದ ವರ್ಗಾಯಿಸಬಹುದು.
ಸ್ಟ್ಯಾಂಡಿಂಗ್ ಸೂಚನೆ
- ಹೂಡಿಕೆದಾರರಿಗೆ ಸುಲಭವಾಗಿಸಲು ಮತ್ತು ಯಾವುದೇ ದಂಡವನ್ನು ತಪ್ಪಿಸಲು, ಬಿ ಓ ಐ ನಿಮ್ಮ ಖಾತೆಯಿಂದ ಸ್ವಯಂ ಠೇವಣಿ ಸೌಲಭ್ಯವನ್ನು ರೂ. 100 ಮಾತ್ರ. ಆನ್ಲೈನ್ನಲ್ಲಿ ಅರ್ಜಿ ಸಲ್ಲಿಸಿ ಅಥವಾ ನಿಮ್ಮ ಶಾಖೆಗೆ ಭೇಟಿ ನೀಡಿ.
PPF account can be transferred from one authorized bank or Post office to another. In such a case, the PPF account will be considered as a continuing account. To enable customers to transfer their existing PPF accounts from the other bank/post office to Bank of India, following process is to be followed
Submit form
Customer requires to submit PPF transfer request in the bank/post office where PPF account is held along with original passbook.
Send the original documents
The existing bank/Post office will arrange to send the original documents such as a certified copy of the account, the account opening application, nomination form, specimen signature etc. along with cheque/DD of the outstanding balance in the PPF account to Bank of India branch address provided by the customer.
Intimation to the customer
Once PPF transfer in documents are received at Bank of India, branch official will intimate customer about the receipt of documents.
Submission of fresh PPF account opening form
Customer is required to submit fresh PPF account opening form and Nomination form along with a fresh set of KYC documents.
