How To Open PPF Account In ICICI Bank?

ICICI Bank Limited has been authorized/permitted by Ministry of Finance to provide/offer certain services with respect to public provident fund account.

Published: Thursday, August 31, 2017, 11:16 [IST]

When you are looking for a government backed investment scheme, Public Provident Fund (PPF) scheme is a popular long term investment option. PPF accounts offer safety with attractive interest rate and returns. The returns are tax exempted.

Investors can invest minimum Rs 500 to maximum Rs 1,50,000 in one financial year. The PPF account holder can get the facilities such as loan, withdrawal, and extension of account.

Know how to open a PPF Account for you.

Account opening form

You need to submit a form for opening PPF account. The very first thing you need to do is collecting a PPF account opening form. This form will be available at all bank branches. You will get this form online from ICICI bank website also.

ID proof

Fill all the details in the form correctly. After filling all details, keep your ID proof with the application. You can use the following documents as your ID Proof document,

PAN Card
Aahaar Card
Driving License
Passport

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Address proof

You need to attach address verification documents with the application form. Address proof documents can be

Telephone bill
Broadband Bill
Electricity Bill
Water Bill
Ration card.

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Attachments

The applicant need to attach the recent passport sized color photographs with the application. Put the signature on the photocopies of the documents you have collected.

Submission of application

Visit your branch with the application form duly filled and attachments. Take a Pay in slip which is available at your branch and fill the amount of contribution which you want to open PPF account in ICICI Bank. Submit your Pay in slip and application form to the bank officials. The bank will issue a Passbook for your account.