Login to your net banking or mobile banking account
Click on the option ‘Open PPF account’
Select whether you are investing for ‘self’ or ‘minor’
You don’t have to do your KYC again if you have a savings account in the same bank branch
In the case of minors, verify their identity, pan, photo, and address
Enter the amount that you wish to deposit in PPF
Your mobile banking application will then ask for permission to enable automatic deduction
This permission is about the automatic deduction of your investment account from your bank that will be directly deposited in your PPF
You can set up this instruction and verify using OTP sent to your registered mobile number
Once you have verified, your PPF account is open and ready to use
Once your PPF account is opened, you can check your account balance in your internet banking or mobile banking portal
Banks and post offices generally provide you with a separate passbook for your PPF. You can update it at your bank from time to time
You can also transfer your PPF from one bank account to another and from post office to bank or from a bank to post office. However, the interest rate on your PPF remains the same since all banks, post offices, and NBFCs offer the same interest rates on PPF
Please note that no bank official or bank will call you or email you for any OTP, user-ID, password, PIN or any card number and CVV.