Fixed depoisted & ppf account

This query is : Resolved

C.A Anshul Singhal (Querist)
Follow

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.

Ca Anand Dubey

Ca Anand Dubey (Expert)
Follow

30 May 2012 1. yes FD can be done without saving a/c
2. PPF can be opened at designated branches only

Message likes : 1 times

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
Follow

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.

Upgrade to CAclubindia Pro. Subscribe Now!

CA Shiv

CA Shiv (Expert)
Follow

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..