PPF Account | ICICI Bank | EPFO Latest News | December 2017 – If you are curious to know How to open a new PPF account then here we have provided you with the easiest way that ICICI bank has launched.
ICICI Digital Service For PPF Account
ICICI Bank has announced to launch a digital service. Under which you can open a public provident fund (PPF) account that is sitting in the house online.
Now you do not need to circle any bank to open a PPF account and neither will the original documents attached to the PPF be deposited.
ICICI Bank PPF Account
Now you can open your PPF account from anywhere through the bank’s digital channel or mobile banking.
What Is PPF Account?
The Public Provident Fund (PPF) account is one of the most popular small savings schemes. PPF is a retiree saving scheme linked to public and private sector employees, which is under the Employees Provident Fund Organization.
PPF Interest Rate
The current interest rate of the PPF account is 7.8%.
The interest rates for the financial year 2017-18 are yet to be decided. While the EPF rate was 8.65% in 2016-17.