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  5. Bank or Indian Post Office?

Bank or Indian Post Office?

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  • H
    H
    Harsha285
    wrote on last edited by
    #1

    I know PPF is a safe bet because of its tax-free returns policy, but I want to know: Do all banks offer the same rate of interest on PPF? Should I choose a bank or Indian Post Office to open my PPF account? I want to earn maximum returns with less hustle.

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    • R
      R
      Reema
      wrote on last edited by
      #2

      Bank and Post office are both good for opening a PPF account. Choose the bank with excellent online services, which I guess you will not get in the Post Office. The post office is good for rural areas. So it's all up to you, as both provide the same returns.

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      • P
        P
        Pravesh09
        wrote on last edited by
        #3

        Hi,
        I opened an account in PPF when I was an Indian resident, but now I live in a foreign country and I am an NRI. Am I eligible for open or continue investing in a PPF account?

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