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How to Open a PPF Account Online in India

How to Open a PPF Account Online in India

The Public Provident Fund (PPF) is one of the safest and most popular long-term investment options in India. It offers guaranteed returns, tax benefits under Section 80C, and is backed by the Government of India.

With most banks and post offices offering online PPF account opening, you no longer need to visit a branch. Here’s a step-by-step guide to opening your PPF account online.

Key Features of PPF

Feature	Details
Tenure	15 years (extendable in blocks of 5 years)
Minimum Deposit	₹500/year
Maximum Deposit	₹1.5 lakh/year
Interest Rate (FY 2024–25)	7.1% p.a. (source)
Tax Benefits	Deduction under Section 80C
Tax on Interest	Completely tax-free
Who Can Open	Any Indian citizen (including minors through guardians)

Steps to Open a PPF Account Online

Opening a PPF account online is simple if you already have internet banking access with a participating bank.

Step 1: Log in to Your Net Banking Account

Use your customer ID and password or mobile banking credentials.

Step 2: Navigate to the PPF Account Section

Look for options like “PPF Account”, “New PPF”, or “Open PPF Account” under investments or deposits.

Step 3: Fill in the Required Details

Choose self account or minor account.
Provide nominee details.
Enter the deposit amount and payment mode (lump sum or monthly).

Step 4: Submit KYC Verification

If you have already completed KYC with your bank, this step will be auto-verified.
Some banks may require you to upload scanned copies of PAN, Aadhaar, and address proof.

Step 5: Confirm and Make the Initial Deposit

Minimum initial deposit: ₹500.
Payment is deducted directly from your linked savings account.

Step 6: Get Your PPF Account Number

Once processed, you’ll receive your PPF account number on the confirmation page or via email/SMS.

Popular Banks Offering Online PPF Account Opening

State Bank of India (SBI)
ICICI Bank
HDFC Bank
Axis Bank
Punjab National Bank (PNB)
Bank of Baroda
IDBI Bank

💡 You can also open a PPF account through India Post’s net banking if you have a post office savings account.

Benefits of Opening a PPF Account Online

1. Convenience: No need to visit a branch.

2. Faster Processing: Instant account creation in most cases.

3. Easy Contributions: Make deposits anytime via internet banking or UPI.

4. Track Growth: Check balance, transactions, and interest earned online.

FAQs on Opening a PPF Account Online

Q1. Can I open a PPF account online without visiting the branch?
Yes, if your bank supports online PPF account opening and you have completed KYC.

Q2. Can NRIs open a PPF account online?
No, only Indian residents can open a PPF account.

Q3. Is there a fee for opening a PPF account online?
No, there is no account opening fee.

Q4. Can I open more than one PPF account?
No, you can only have one active PPF account.

Q5. How soon can I deposit money after opening the account?
You can deposit immediately after account activation.

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