How to Open a Ppf Account? Here’s a Step-By-Step Guide

Proof of identity like Aadhaar card, PAN card, Voter ID card, passport, or driving licence, Address proof, such as Aadhaar card, Ration card, telephone bill, or electricity bill and two passport-sized photographs of the applicant.

Log into your online account on the bank’s internet banking/mobile banking platform.

Select the “Open a PPF Account” option.

Now, find the “Self Account” option and click on it.

Fill out an application form by entering the required details. Make sure that you verify all details before submission.

Determine the sum you intend to contribute annually to your PPF account. You can also create recurring instructions here to automatically transfer this sum out of your savings account and into your PPF account.

After a thorough review, submit this application. You will then receive an OTP on your registered mobile number. Submit it to confirm your identity and authorise this transaction.

You will receive a message on your screen and an email indicating a successful account creation.

First, make sure that you compile all the relevant documents required to open a PPF account. Additionally, it is best if you already hold a savings account with the bank to open a PPF account conveniently.

Visit the nearest branch of your bank and the bank representative will ask you to fill out an application form.

Duly fill out this form and submit it alongside the relevant documents for the PPF account.

Visit a post office in your vicinity. It is preferable if you already have a savings account with the post office for a hassle-free PPF account activation.

Fill out an application form. Additionally, it calls for you to furnish self-attested copies of the relevant KYC documents. Also, ensure that you carry original copies of each document for verification purposes.

Now, you are required to deposit an initial amount using a cheque or DD for opening your account. Here, the minimum initial amount to be deposited is Rs 100. Furthermore, the minimum annual contribution for this scheme is Rs 500.