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A PPF account is one of the most trusted investment instruments in India. Let us understand how to transact in your HDFC Bank PPF account online.
A Public Provident Fund account, commonly called as a PPF account, is one of the most trusted and efficient instruments that has helped many investors to create a healthy wealth corpus by investing small amounts regularly over a longer horizon. This instrument offers attractive benefits to the investors like wealth creation through good returns, tax benefit, loan facility and safety. Investing in PPF account is an excellent way to create corpus through regular savings. The PPF account offers an opportunity to the investors to create and build long-term wealth.
State Bank of India, ICICI Bank and HDFC Bank are few of the leading banks that offer the facility of opening a PPF account with the bank. So, if you are an existing HDFC Bank account holder then opening PPF account and depositing money in the account is very simple and quick. The following article will help you understand how to invest money in HDFC Bank PPF account.
For depositing money in HDFC Bank PPF account, it is important to first open a PPF account with HDFC Bank. Any Indian Citizen is eligible to open a PPF account, either in their own name or in the name of their minor child. You can open the account either in Post Office or in a leading bank. For opening PPF account the investor needs to fill and submit following documents:
Once you submit the above documents along with initial deposit amount, your PPF account shall be opened. However, if you are an existing HDFC Bank customer opening PPF account is instant and hassle-free. Obtaining a PPF account Passbook is proof that your HDFC Bank PPF account is opened. This passbook contains all your PPF account details, transaction details, personal details of the account holder etc.
You can open HDFC Bank PPF account either online or via an offline channel. For offline mode, you need to visit the nearest HDFC bank branch and submit the above listed documents. Under the online mode, you can open PPF account anytime i.e. 24*7. Following is the process to open HDFC Bank PPF account online:
It is not possible to entirely avoid risk when you are investing in mutual funds, be it equity or debt. However, you can make risk tolerable by selecting the right mutual fund scheme. All you need to do is choose schemes that match your investment goals, risk profile and investment horizon. It may sound like a simplistic approach, but it has helped many investors to create wealth to meet their long-term goals.
You can deposit an amount in your HDFC Bank PPF account in two ways, namely Offline Channel and Online Channel. Let us understand these modes of money deposition in detail
Thus, in this manner, you can easily transfer money online to your HDFC Bank PPF account within no time and hassle-free.
Recommended Read: Start Your Investment Journey? Here’s How PPF will Help You