Fixed depoisted & ppf account
This query is : Resolved
C.A Anshul Singhal
(Querist)
30 May 2012
A wanna know about Can any person open a fixed deposit(F.D) account without having saving a/c.
can open PPF a/c any SBI . bank branch refused to open PPF say it will be open only main SBI branch.
can open PPF a/c any SBI . bank branch refused to open PPF say it will be open only main SBI branch.
Ca Anand Dubey
(Expert)
30 May 2012
1. yes FD can be done without saving a/c
2. PPF can be opened at designated branches only
2. PPF can be opened at designated branches only
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30 May 2012
1. Banks now insist that the customer should have a bank account with the bank if he wants to open a FDR.
The banks do not open FDR in cash. It has to be through a bank account onlt.
2. PPF account is opened only with the main branch of SBI.
The banks do not open FDR in cash. It has to be through a bank account onlt.
2. PPF account is opened only with the main branch of SBI.
30 May 2012
if u go with Bank Of Baroda, or SBI, DenaBank than they can open FD without Savings account. Mostly the public banks will do that...not sure abt ABN, ICICI..
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