Need A Financial Product Forums Trading/Investments Is it safe to open PPF account with IDBI

This topic contains 1 reply, has 2 voices, and was last updated by  Anita Pawar 2 years, 10 months ago.

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  • #47023

    Anita Pawar
    Member

    I have a PPF account with IDBI. Is it as safe as having a PPF account with SBI? Can I expect the same kind of benefits after 15 years?

    #47024

    Nitesh Dhoot
    Member

    Understand one thing that banks act only like a bridge between you and government. Whatever, you invest in your PPF, goes to government account. And whatever interest you get from this account is paid to you by government not by bank. Since both these banks are public sector banks, both are same is respect to safety.

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