CreditMantri Finserve Private Limited
Door No.3, Block B, No. 147, Workeasy Space Solutions, RK Swamy Centre, Hansa Building, Pathari Road,Thousand Lights, Chennai, Tamil Nadu600006
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Rate of Interest
Can be opened at any age by any resident Indian (HUFs and NRIs not allowed)
Facility available for maximum 4 nominations
Tax deduction u/s 80C up to Rs. 1,50,000
Minimum Deposit amount
Maximum deposit amount
About UCO BANK PPF ACCOUNT
All the resident citizens of the country are eligible applicants for the investment in PPF account. The other details pertaining to the eligibility under PPF accounts are provided below.
The documents required to be submitted by an individual to open a PPF account with UCO bank are,
The general requirements of the application Form A for opening a PPF account are mentioned here.
The scheme allows an investor to withdraw the entire amount in the PPF account along with the interest accrued over the years only after the completion of the term of 15 years.
The withdrawal at such time is without any tax implications. Such withdrawal is eligible for tax exemption under the provisions of the Income Tax Act, 1961.
However, the investor is allowed partial withdrawals from the PPF account after the 7th year restricted to one withdrawal per year thereafter. The amount of such premature withdrawals from the PPF account is limited to the extent of 50% of the balance available under the PPF account at the end of 4th year.
Such early withdrawal from the PPF account is allowed under certain special situations based on a written request from the investor. Some of the examples of these special situations are,
UCO bank provides the investor the benefit of estimating the value of his/her investment at the time of maturity with its PPF calculator. This helps the investor in planning for his/her future expenses or to know the correct amount of investment to be made in order to build the targeted fund.
The investor has to input the following values or details in the PPF calculator available at the bank’s website in order to get the details of the maturity value.
Investor can invest in PPF account through any of the following ways
An account becomes dormant or inactive in the absence of a continuous deposit or contribution to the PPF account.
These dormant accounts have limited benefits as compared to the usual PPF accounts. Examples of these limited benefits are no loan facility, limited or zero withdrawals, etc. These accounts are still eligible to earn interest at the prevailing rates as any other PPF account.
An investor’s dormant account can be revived to its fully functional state in the following manner,
Toll free number – 1800 274 0123
Email id –
Postal address – Corporate head office
UCO Bank Head Office, 10, B T M Sarani, Kolkata - 700 001 West Bengal India
UCO Bank is one of the major public sector banks in India having its headquarters in BTM Sarani, Kolkata. It has over 3000 service centres across the country and two major overseas offices in Singapore and Hong Kong. The bank offers a lot of investment options for the customers to choose from and build their investment fund as well as prepare for any unforeseen expenses.
Public Provident Fund (PPF) is the government savings scheme that was introduced in the year 1968 and is regulated by the National Savings Institute. The scheme has an array of benefits and attractive features that make it a very good investment option for all age groups across the country.
1. What is the initial contribution required to open a PPF account?
The minimum initial contribution required to open a PPF account is Rs. 500.
2. Can a dormant PPF account be still eligible for interest?
As per the rules of the scheme, dormant PPF accounts are also eligible to earn interest at the prevailing rates.
3. Can a person who is not a resident of the country open a PPF account?
No. A person who is not of Indian origin cannot open a PPF account.
4. Are all the branches of the bank eligible for opening a PPF account?
Yes. All the branches of UCO Bank are eligible to open a PPF account.
5. Can a person transfer his/her PPF account from a post office to the bank?
The PPF scheme allows a person to easily transfer his/her PPF account from a post office to any of the branches of UCO bank.
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Deposit Limit Of PPF
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PPF Premature Withdrawal
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