To open a public provident fund (PPF) account online:
- Choose a bank that offers a PPF account online, such as the State Bank of India (SBI), HDFC Bank, or ICICI Bank.
- Visit the bank’s official website.
- Look for the “PPF Account” option under the “Investments” or “Savings” section.
- Fill out the online application form with personal and financial information.
- Upload the required documents, such as identity and address proof.
- Choose a payment method and make the initial deposit.
- Wait for the bank to process your application and approve the account.
- Once the account is approved, you will receive a confirmation and account details.
Note: The steps may vary based on the bank’s policy and website design, so please refer to the bank’s website for specific instructions.
PAN is required to OPEN PPF Account?
Yes, a PAN (Permanent Account Number) is required to open a Public Provident Fund (PPF) account in India.
PAN is a unique 10-digit alphanumeric identifier issued by the Income Tax Department and is mandatory for various financial transactions, including opening a PPF account.
How many Public Provident Fund (PPF) accounts can I have?
As an Indian citizen, you can have only one Public Provident Fund (PPF) account in your name. If you have multiple PPF accounts, then you need to close all but one account.
