Mumbai, Feb 26 (IBNS): IDBI Bank limited, a new generation PSU Bank, on Tuesday said it has successfully launched 'Online PPF Subscription Facility' for its customers.
The Bank had earlier got permission from Government of India for operationalising PPF transactions through Internet banking.
The newly introduced facility would be highly convenient and user friendly to the customers which inter alia aims at fulfilling Government of India's initiative of electronic transactions in Banking Services as well as providing a good platform in mobilizing funds through its Small Savings Schemes.
PPF account holders of IDBI Bank would now have the benefit of accessing their PPF account online and through Internet banking, they would be in a position to view their PPF account details, print statement of accounts and also make subscription to PPF by way of online transfer of funds from the savings bank accounts.
The present annual PPF subscription ceiling of Rs.1,00,000 may be made in a single or in multiple installment(s) not exceeding twelve in a Financial Year.
IDBI Bank introduces online PPF
No comments yet! Be the first one to leave a comment.
|Cordon & Search in Shankar Nagar Malakpet by DCP East Zone team||Chicken mela at Old city of Hyderabad|
|Summer camp for 40 days at 50 centers by Safa Baitul Maal Hyderabad||Government Ayurvedic Hospital Charminar - building in very bad condition|
|Mumbai, July 02 (IBNS) IDBI on Tuesday marked a major milestone, having completed 50 years of its journey in nation building.
On this momentous
|Mumbai, May 19, 2014: Satya Narayan Baheti has been appointed as MD & CEO of IDBI Asset Management Ltd. Baheti, a qualified Chartered Accountant, Comp|
|Mumbai, Nov 22/2013 : (IBNS): Private sector bank ICICI Bank Limited has been felicitated by the Limca Book of Records for receiving highest ever part|
More Business News
|Chery 'Tiggo 5' car on display in Sao Paulo, Brazil|
|Actor Saif Ali Khan at the launch of an Asus mobile phone in Gurgaon|
|Audi India launches sports car Audi TT at Rs.60 lakh|
|Chief Minister Vasundhara Raje and others during Resurgent Rajasthan - Investors Meet` in Kolkata|
|Realization of Asia-Africa Partnership for Progress and Prosperity says President Joko Widodo in Indonesia|
|H. Raymond Bingham Adi B.Godrej Sarita Nayyar attends the World Economic Forum on East Asia in Indonesia|
|47 concept cars displayed at Auto Shanghai 2015 in China|