Open PPF Account with ICICI Bank

PPF is one of the most preferred investment scheme among us. The reason why we prefer is it is most secured and there is no other other investments with the long term goals. The current interest rate for PPF is standing at 8.8%. The interest rates of the PPF is revised every year by the government. In the few years back, public could open the PPF accounts only with the nationalized banks like SBI. With the advent of banking in India, now most of the private banks started accepting the PPF accounts for their customers. ICICI bank offers the opening of PPF account through online. You need not even walk into the branch for opening the account. You just need to download the application from online account, just submit the application to the branch. Lets see what are the steps involved in opening the PPF account.

also read:

• Highlights of union budget for 2012-13
• Learn about safe investments EPF, PPF, SCSS, NSC, NPS
• How to Save Income Tax Through Tax Planning 
• Invest in EPF for retirement planning

Step 1 : Click on the PPF Account Online link

Step 2 : Click on Apply for PPF account

Step 3 : Select the account

If you have multiple account in your login, select the account number where you want to open the PPF account.

Step 4 : Fill the details and download the application

In the above screen, you would find the download application option. You must click on the link to download the generated application. While you are downloading the application, the online request would be submitted to the bank. In the application, affix the photos in the given location and submit the application to the nearest branch. Once the application is approved, you would transfer the amount to PPF account when ever you want to invest online.