Opening PPF account? Check if your bank allows online investment or you need to visit branch

Bank customers can open their PPF accounts either online or by visiting a nearby bank branch. 

New Delhi: Public Provident Fund or PPF is a popular savings instrument among investors who wish to build wealth by depositing small amounts of money on a monthly basis. The investment scheme offers investment decent returns coupled with tax benefits under Section 88 of the Income Tax Act. 

Bank customers can open their PPF accounts by visiting a nearby bank branch. A few banks in the country allow their customers to begin their investment journey with the PPF scheme via net banking facility. 

List of Banks Offering Online PPF Facility 

As of now, only select banks allow investors to open their PPF accounts and put their money in the savings scheme completely online. Here’s the list of banks that offer online PPF accounts: 

- SBI Bank   - Axis Bank - ICICI Bank  - Bank of Baroda