HOW TO OPEN A PPF ACCOUNT ONLINE

Almost all the public sector unit banks have the facility of PPF account opening. PPF is public provident fund. The process to open the PPF account is made very easy for the customers.

One can open PPF account online through some simple steps

Let us look at these steps briefly.

Firstly you will have to choose the bank in which you want PPF account

After selection of the bank you will have to see for the branches and check which branches provide the facility of PPF

Then you will have to visit the website of the bank for the form and download it

You will have to fill  personal details, Pan number, initial subscription amount and nomination.

In case nomination is made in favour of minor details of guardian and one witness is also required to be filled in.

All banks publish  their own forms and in case you do not get one from bank website there is  one common form for all the banks and post office.

Minimum 500 rupees is required to be deposited to open PPF account. The receipt for this can be downloaded from the website itself. This receipt has to be preserved for claiming tax deductions.

Once you  are done with the filling of the form you have to take print of the same and affix your signature and photograph and submit the form to the bank with the necessary documents .

For online PPF account opening generally passbooks are not given to the account holders . they can view their statements online.

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