How to Open PPF Account in SBI and ICICI Bank Online? –

Are you interested in securing your financial future? One excellent way to do so is by opening a Public Provident Fund (PPF) account. This popular investment option not only offers attractive interest rates but also provides tax benefits. If you’re wondering how to open a PPF account online, look no further! In this article, we will guide you step by step on how to open a PPF account with two well-known banks in India – State Bank of India (SBI) and ICICI Bank.

Why Invest in a PPF Account?

Before we dive into the process of opening a PPF account online, let’s quickly understand why it is a wise investment choice. A PPF account is a long term investment that encourages individuals to save for their retirement while enjoying tax benefits. The interest earned on a PPF account is tax-free, and the maturity amount is also exempt from taxation. Moreover, the minimum deposit required to open a PPF account is affordable, making it accessible to a wide range of individuals.

Opening a PPF Account in SBI Online

Step 1: Visit the SBI Website

The first step towards opening a PPF account with SBI is to visit their official website. Navigate to the account opening section or search for PPF account opening.

Step 2: Choose PPF Account Opening Option

On the SBI website, you will find different account opening options. Look for PPF account opening and click on it.

Step 3: Fill the PPF Account Opening Form

After selecting the PPF account opening option, you will be directed to a form. Fill in all the necessary details such as your name, address, date of birth, and contact information. Make sure to double-check the information for accuracy.

Step 4: Submit the Required Documents

Once you have filled in the form, you will be prompted to upload scanned copies of the required documents. These typically include proof of identity, proof of address, and a passport-sized photograph.

Step 5: Verify and Submit the Application

After uploading the documents, carefully review the application form to ensure all the information provided is correct. Once you are satisfied, click on the submit button to complete the process.

Opening a PPF Account in ICICI Bank Online

Step 1: Log in to ICICI Bank Internet Banking

To open a PPF account with ICICI Bank, the first step is to log in to your ICICI internet banking account. If you do not have an account, you can easily register for one on their website.

Step 2: Navigate to the PPF Account Opening Section

After logging in, locate the PPF account section within the banking services menu. Click on it to proceed.

Step 3: Fill in the PPF Account Opening Form

You will be presented with a PPF account opening form. Fill in all the required details accurately, ensuring you provide your correct personal information.

Step 4: Submit the Form and Required Documents

Once you have completed the form, click on the submit button. You may also be asked to upload scanned copies of the necessary documents, including proof of identity, proof of address, and a passport-sized photograph.

Step 5: Confirm the Application Submission

After submitting the form and documents, you will receive a confirmation message indicating that your PPF account opening application has been successfully submitted. Take note of any reference numbers or acknowledgment receipts provided for future reference.

Opening a PPF account online with SBI and ICICI Bank is now just a few clicks away. By following these simple steps, you can ensure a secure and hassle-free process. So why wait? Start securing your financial future today by opening a PPF account online!

Rate article
Add a comment