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How to open PPF Account online at ICICI Bank

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PPF is a risk-free and tax-free investment product that provides reasonably good returns. Read my other Post on -Why Should you invest in PPF

You can open a PPF account either directly through a post office or through a bank.

Opening a PPF Account with a bank is lot more convenient than through a Post Office. This is  because a PPF Account with a bank facilitates online funds transfer from your savings  account to your PPF account.

ICICI Bank Limited has been authorised by the Ministry of Finance to open PPF Account & now ICICI bank offers facility to open PPF Account online. ICICI Bank customers can open their PPF accounts online through their ICICI Bank Savings account if they have net banking facility. Once customers open their PPF accounts, they can view, access or print their PPF account statements. They can also make payments online with ease.

Through ICICI Bank Internet banking, you can:

  • Fill form online for PPF account
  • View your PPF account under your ‘My Accounts’ section in the logged in section
  • Transfer funds from linked Savings Bank Account online
  • View and print mini and detailed statement online

Steps to open online PPF Account in ICICI Bank

  1. Logon to your ICICI Bank NetBanking Account
  2. After login, you will see the “PPF Account” Online in Left sidebar

 Enter Details

 After entering these details, download & print the PDF application form.

 Documents required for opening PPF account with ICICI Bank

  • Form A
  • Passport size Photo
  • Copy of PAN Card
  • Residence proof – Passport/ Electricity Bill / Mobile Bill (if ICICI Bank is more than 5 years old)

Sign the form & submit at any ICICI Bank branch together above required documents.

No passbook facility by default

By default, no passbook is issued to PPF accounts which are opened through ICICI Net Banking. You will be able to view transactions online via netbanking. If you wish to have a physical passbook, you need to submit a written request at the designated base branch.

 

Read –  List of banks which are authorised to open PPF Account

Feedback: Please comment here if you have opened PPF account in ICICI Bank or in process of doing so. Please share your experience.

If you have any queries related to this article or any other personal finance query ( Investment, Taxation etc), please comment below

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The author is a Chartered Accountant and loves to write about Personal Finance, Wealth Management, Taxation etc. Disclaimer - The articles on this website is for informational and knowledge purposes and should not be treated as financial advice, Please consult your financial advisor before taking any investment decision.

11 comments

  1. list of ICICI banks having facility of PPF

  2. dear sir
    I want to new account open please tell me procedure
    my contact number 08796612849

  3. i want to open ppf account please tell me procesure
    my mobile no. 09779566462

    • You can open PPF account offline in Post office or manybanks. Pls visit your nearest branch. You need to submit a Form and provide address & ID proof alongwith Initial deposit.
      If you donot have Saving account in that bank, they may insist on opening a Saving account as well.

      You can also open PPF account online with ICICI as per steps above.

  4. Hi

    Today I went to ICICI back financial district branch and opened the PPF account.

    But Upto now PPF account not updated in the my saving account….

    Please tell me …..how many days it will take effect in my saving account?

    Regards,
    Suresh.

    • Hi Suresh, Have you received communication that PPF account is opened. Also, just make sure that they have opened under same customer ID.
      Normally it should be reflected in Net Banking and not in Savings Account.

  5. I want to open the account, plz tell me the procedure.

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