भारताबाहेरील
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.
पी पी एफ खाते
खाते उघडणे आता तुमच्या जवळच्या सर्व बीओआय शाखांमध्ये उपलब्ध आहे.
- एखादी व्यक्ती शाखेत अर्ज सादर करून खाते उघडू शकते.
- एखादी व्यक्ती प्रत्येक अल्पवयीन किंवा अस्वस्थ मनाच्या व्यक्तीच्या वतीने खाते उघडू शकते ज्याचा तो पालक आहे.
आवश्यक कागदपत्रे
अलीकडील पासपोर्ट आकाराचा फोटो
पत्ता आणि ओळखीचा पुरावा
- आधार कार्ड
- पासपोर्ट
- चालक परवाना
- मतदार ओळखपत्र
- एनआरईजीए द्वारे जारी केलेले जॉब कार्ड राज्य सरकारच्या अधिकाऱ्याच्या स्वाक्षरीने
- नाव आणि पत्त्याच्या तपशीलांसह राष्ट्रीय लोकसंख्या नोंदणीद्वारे जारी केलेले पत्र.
पॅनकार्ड (सूचना:- जर एखाद्या व्यक्तीने खाते उघडताना पॅन जमा केले नाही, तर त्याने ते खाते उघडल्याच्या तारखेपासून सहा महिन्यांच्या आत बँकेकडे जमा करावे).
अल्पवयीन व्यक्तीच्या वतीने खाते उघडल्यास :- अल्पवयीन वयाचा पुरावा.
अस्वस्थ मनाच्या व्यक्तीच्या वतीने खाते उघडले असल्यास: - मानसिक रुग्णालयाच्या अधीक्षकांचे प्रमाणपत्र जेथे अस्वस्थ मनाच्या व्यक्तीला बंदिस्त केले जाते किंवा उपचार केले जातात, जसे की परिस्थिती असेल.
बीओआय मध्ये हस्तांतरित करा
- पीपीएफ खाते इतर कोणत्याही बँक/पोस्ट ऑफिसमधून तुमच्या जवळच्या बीओआय शाखेत हस्तांतरित केले जाऊ शकते.
स्थायी सूचना
- गुंतवणुकदारांसाठी हे सोपे करण्यासाठी आणि कोणताही दंड टाळण्यासाठी, बीओआय तुमच्या खात्यातून रु. पासून सुरू होणारी ऑटो डिपॉझिट सुविधा देखील प्रदान करते. फक्त 100. ऑनलाइन अर्ज करा किंवा तुमच्या शाखेला भेट द्या.
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.
