Hi, if you are trying to open a PPF account, then I can assist you with that. I opened my PPF account a few years back after my father suggested it to me. To open a PPF account, you should just be an Indian and provide a few documents, such as identity proof, address proof, passport-size photographs, pay-in-slip and a nomination form. I followed the online method, so I will mention the steps for how to start a PPF account online.
How to Open Public Provident Fund Account?
The steps are very simple. To start the process, you need to visit your bank's net banking or online banking portal. Here’s what you should do after that.
Locate the Public Provident Fund option and click on it.
Enter the required details in the form and verify them.
After that, enter the amount that you want to deposit per financial year.
Following that, submit the application and enter the OTP sent to your registered mobile number.
And that’s it. A success message will be displayed on your screen, and all the details will be sent to your mobile number.
One more point, my father said you cannot transfer your PPF accounts to another person. PPF interest is paid on March 31st of each year after being compounded annually. I hope this answers your query about how can I open PPF account.
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I recently learned how to open PPF account online when I opened one for myself. I think I can help you out there. You need to have a bank account, active internet connection and a few documents for verification. Now let me take you through the complete process here.
Documents required to open PPF accountAn Identity proof (Voter ID/PAN Card/ Aadhar Card)
Residence Proof
Passport size photographs
Pay-in-slip
Nomination form
Sign in to NetBanking of your bank where you have the savings account.
Navigate to the Public Provident Fund option
Confirm your auto-filled details shown in the next screen and enter the amount you want to deposit.
Add nominee details and click on submit
If your Aadhaar is linked to your account already, your form will be submitted, and you will receive a message that your account will be opened in one working day.
If your Aadhaar is not linked, you must first link it, to be able to complete the process.
This is a simple online process. For an offline process on how to open PPF account, keep reading.
How to open PPF account offline?Go to the nearest post office or sub-post office in your area and get an application form to open PPF account .
Fill up the form and submit it with the required KYC documents and passport sized photograph (as given above).
You will have to submit Rs. 500 initially to open PPF account (minimum).
You will be handed over a passbook for the PPF Account. It will have all the details such as the name of account holder, PPF Account number, branch name, etc.
I hope now you are clear on
how to open PPF account online and offline.
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How to Open PPF Account?
Tina
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2022-04-11T09:26:28+00:00 2024-10-30T16:20:25+00:00Comment
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