How to open a PPF account in ICICI bank online?

ICICI bank branch

PPF is a very popular investment scheme and millions of people have also joined this scheme. You get a lot of benefits in PPF. If you are a taxpayer, you can also save tax by opening a PPF account. If you deposit up to 150000 rupees in PPC account every year under section 80C, then your entire maturity amount will be tax free. If you are a private employee and you want to save funds for your retirement then PPF is a better option for you. But PPF is a long term investment. There is a 15-year lock-in period in PPF. You can withdraw all your money only after 15 years. And the best thing about PPF is that it is a completely safe investment. There are few banks through which you can open PPF account. And ICICI Bank is also one of them. So today we will know how you can open PPF account in ICICI Bank. There are 3 ways to open PPF account in ICICI Bank Bank. You can open PPF account using online iMobile app and Internet banking. If you do not use internet banking, you can open PPF account by visiting ICICI Bank branch.

How top open a PPF account in ICICI bank online with internet banking?

To open a PPF account, first you have to login to the ICICI Bank’s Net Banking (infinity.icicibank.com).

ICICI internet banking login

You can login in two ways. You can login by entering the login ID and password or you can also login through your mobile number.

After that you have to click on “Bank Accounts”.

PPF account open in ICIC bank online

Then click on “PPF accounts”.

Then you have to select your ICICI account number and insert amount you have to invest in PPF.

If you want to make nominee the same person who is the nominee of your ICICI bank account, then you have to click on Yes.

After that you will be asked that “Do you want to create standing instructions”. So if you want to invest in PPF through SIP, then you have to click on YES. If you want to invest in PPF of your choice, then you have to click on NO. After that tick on all mandatory fields. Then click on “Proceed”.

After that you have to enter your Aadhaar card number. But your Aadhar card should be linked with your mobile number. If it is not, then OTP will not be able to send to your mobile number and you will not be able to open a PPF account.

So as soon as you click on “SEND OTP” a OTP will come on your mobile which you have to put here.

And after that your PPF account will be opened. Within 2 working days, your PPF account will also be visible in your ICICI bank internet banking. And if you want to change the nominee of your PPF account later or ask to have another nominee, then you can visit ICICI branch and change your nominee.

How to apply for PPF account in ICICI bank through iMobile app?

If you want to open a PPF account through ICICI Bank’s mobile app, you can do this easily. If you have installed iMobile app in your phone, then first you will have to login to this app.

Then tap on “Accounts & Deposits”.

Tap on “PPF account”.

Then you have to tap on “Apply Now”.

Tap on “OK”. This instruction is being given to you because you will need the number of the forward card. This instruction is being given to you because you will need Aadhar card number next.

Then tap on “Lets Get Started”.

Now you have to enter the amount. If you want to open a PPF account with 500 rupees, then you can put 500 INR. If you want to make nominee the same person who is the nominee of your ICICI bank account, then you have to click on Yes. Then tap on “Submit” button.

After that enter your Aadhaar card number. But remember one thing your Aadhar card should be linked with your mobile number. Then tap on “Proceed” button.

Then again enter your 12 digit Aadhaar card number. Then tap on “Send OTP”.

After that a OTP will be found on your phone which you have to put there. And in this way your PPF account will be opened.

Is it safe to open a PPF account in private banks like ICICI and HDFC?

ICICI and HDFC are two very large banks in India. But still these are private banks, and the way Yes Bank has bankrupts, the confidence of the people on private banks has come down. Therefore, this question comes in many people’s minds whether it is right to open PPF account in private bank.

So let me tell you that it is safe to open a PPF account in any private bank. ICICI and HDFC banks are only a medium. All your PPF money is safe with the Indian Government. Banks have no authority over it. If you open your PPF account in the post office too, then that money is not kept with the post office but it is given to the Government of India.

So you can be assured that even if a bank becomes bankrupt, your money is safe with the Government of India. So if you are thinking about opening PPF account in private banks then you can open it.

Which is the best bank to open a PPF account?

You can open a PPF account in any of the banks, but there are only a few banks that are providing this facility. In Private Banks, you can open PPF account through ICICI, Axis Bank, Kotak Mahindra bank and HDFC Bank.

And you have lots of options in public sector banks. I am sharing the below screenshot which has names of all banks.

You can open a PPF account in any of these banks. There are many other banks in which you can open PPF account.

Why is my PPF account not showing in ICICI bank internet banking?

If your PPF account is old means that it has been more than 2 days since you opened the PPF account, then you will not have to face this kind of problem. Whenever you create a new PPC account in ICICI Bank, within 2 days your account starts appearing on Internet banking. This information is given to you when you create a PPF account.

ICICI PPF account

If even after two days your account is not showing on Internet banking, you can talk to ICICI Bank’s customer support. They will give you more information about it.

How to add money in ICICI bank PPF account online?

If your PPF account is in ICICI Bank, then you can easily add money to it. You can also transfer money to a PPF account through the iMobile application. Apart from this, you can also use Internet banking.

To transfer money to a PPF account, first you have to login to the iMobile app.

Tap on Accounts & Deposits.

ICICI bank mobile app add money in PPF

After that tap on “PPF account”.

After that you will see your PPF account number. You have to tap on your PPF account number.

Then you have to tap on “Transfer Funds To PPF A/C”.

After that you have to enter the amount you want to deposit.

After that you have to click on “Submit” button.

So in this way you can transfer money to your PPF account. You can deposit as much as 150000 rupees in a year. And you will have to deposit at least 500 rupees in a year. If you do not do this, then your PPF account will become inactive. And you have to pay some charges to activate PPF account.

So these are some private and public sector banks where you can open your PPF account. So in this way you can easily open PPF account with ICICI Bank. We have tried to give you complete information from our side. But even if we have missed any information by mistake, then you can tell us through comments. We will try our best to help you.

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