How To Open a PPF Account Online

The PPF account cannot be opened at all bank branch. PPF can only be opened at specified bank branches. The list of designated bank branches is available at the bank website or it can be found at any bank branch itself. Of Course, doing it online is way easier.

You would need to next submit the following documents, as mentioned below:

1. PPF Account opening form available at the designated bank branch or the Indian Post portal in case you want to open it at a post office.
2. ID proof that can be any of the following:
   1. PAN card
   2. Driving license
   3. Voter ID card
   4. Passport
3. For online applications, different banks have different processes, but the basic documentation and submission of application remains the same.
4. Address proof, which can be any of the following:
   1. Telephone bill
   2. Electricity bill
   3. Ration card
5. Two current photographs
6. Pay-in-slip, which will be available at the bank branch to transfer amount to your PPF account.

Things To Remember for Opening a PPF Account Online

1. Carry original documents to the bank for quick and convenient verification
2. All documents must be self-attested by the applicant.
3. A PPF account passbook resembling a bank passbook is issued to the applicant once the account is opened. All transactions in the PPF account are updated in this passbook. The passbook is a requirement in order to claim tax deduction under Section 80C of the Income Tax Act.
4. An important thing to remember is that the payee name should match the name as mentioned in the PPF account passbook.

Opening a PPF account at a bank is far more convenient than opening one at a post office. The bank offers online fund transfer from the individual’s savings account to their PPF account, the same way he or she would make an online funds transfer to other bank accounts.