ICICI bank has created History by becoming the first private sector bank in India to present the Public Provident Fund (PPF) Account through their bank.
Benefits of PPF Account
No doubt PPF has been one of the safest mode of investment backed by Government of India. With a deposit amount as minimum as Rs. 500 per annum, your PPF Account earns a tax free interest of 8.8%* per annum. Also the maturity amount on investment in PPF is exempted from tax.
Note: * W.e.f April 01, 2012.
- Interest rate is calculated annually.
- Interest rate is declared by Ministry of Finance from time to time.
- ** Savings account linked to your Internet Banking ID.