To open ppf account in bank or post office?Hi to all Please tell me is there any difference in opening an PPF account in Bank or post office ? Which one is better than to choose. Which one provide more facilities in operating account ? Thanks.. Anubhav.. |
Both are same. No difference in any thing. But it is always better to open a PPF account in a bank than post office. At the time of loan or part withdrawal or at the time of final payment, you have to give 2 to 3 days advance notice in post office for them to arrange cash. But in case of bank, always the cash will be ready. So open PPF A/c in bank only.
Hi anubhav,
As the que put by you Only state bank of india and post office are authorize to open the PPF account.There is no such difference in the opening the account either in the bank or post office. The only Difference is if you open the account in the post office through the agent then the agent will provide you the home service, whereas in the bank you have to get into the line and deposit the amount so whatever. further if you open the account in the post office the agent through whom you are opening the account get some commission from the post office.
so i suggest you to get into openoing the account with the post office.
If u open ppf account u will get tax benefit while the interest earned from bank deposits or postoffice attracts tax deduction.
First think of your need if u need interest go for bank fds if u want to save for future and also avail tax benefit go for ppf.
