How To Open PPF Account Online

A public provident fund is a popular investment scheme among investors who want to earn high and stable returns. 

Features such as low minimum investment, multiple investor-friendly, and associated benefits make it suitable for individuals who are cautious about investments or those who want to grow their wealth over time.

What Is PPF Account?

PPF or Public Provident Fund is an investment option under which one can invest on a long-term basis, earning interest on the amount invested. 

One can open a PPF account with any bank or post office and deposit money under this scheme. The amount deposited during a year will be claimed tax-free under section 80C deductions.

News About PPF Account

Individuals with considerable savings in PPF accounts can convert their capital into a pension by investing a portion of it into NPS without closing the PPF account. To draw a monthly pension, you must contribute to the NPS account for at least 3 years and be above the age of 60.

13 June 2023

How To Open PPF Account Online?

You can open a PPF account at a post office or any nationalized bank. Even some private banks these days, including ICICI, HDFC, and Axis Bank, are authorized to offer this facility.

Follow these steps to open PPF account online easily. 

Step 1: Log into your bank account using net banking or mobile banking

Step 2: Choose the ‘Open a PPF Account’ option.

Step 3: Enter your details on the next screen and the amount you wish to deposit

Step 4: Choose whether you wish to add a nominee and provide their details

Step 5: Agree to the terms and conditions, and enter the captcha before submitting the form

How to open a PPF account offline?

To open a PPF account offline, visit your nearest post office. Here is a step-by-step guide-

These steps can also be replicated at a bank that offers this service.

What Are The  Required Documents To Open A PPF Account?

To open a PPF account, you need to submit the following documents.

What Is The Eligibility Criteria For Opening PPF Account Online?

To open a PPF Account,

NRIs and HUF are not allowed to open a PPF account.

Features of the PPF account

The main features of the PPF account are:


A Public Provident Fund (PPF) is an excellent investment for individuals with a low risk tolerance. Since it is mandated by the government, this plan offers guaranteed returns to protect the financial needs of the masses in India. Furthermore, investments made in PPF-mandated accounts are not tied to the market.  Investors can also use this plan to diversify their financial and investment portfolios.

Public Provident Fund Related FAQs

PPF scheme offers several advantages. The benefits of a PPF plan include guaranteed returns, loan and withdrawal options, an unlimited term, and a yearly tax credit.

No. For the year or years the account is inactive, no interest will be calculated. Interest will be computed on the balance held at the time of account revival after it has been reinstated.

An Indian citizen with legal status is permitted to establish a public provident fund in their own name or on behalf of a minor. Under the PPF program, a person can only open one account.

Only sums up to Rs. 1.5 lakh will be eligible for calculation and payment of interest in any given year. So, only the maximum annual investment limit, which is Rs. 1.5 lakh per year, will be taken into account for all PPF calculations.

No. You can keep the account active as long as you see fit. The amount will earn interest until you close the account. 


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