Public Provident Fund Faqs
Viewing and Managing Your PPF Account
How soon can I view my PPF Account details online?
You can view your PPF Account online 24 hours after account opening.
How can I get a passbook for my PPF Account?
Please visit any ICICI Bank Branch to get your PPF passbook.
Can I view my PPF transactions online?
Yes, you can check the mini and detailed statements of your PPF Account online, through Internet Banking and the iMobile app.
Standing Instructions & Auto Deposits
What is the frequency I can set for standing instructions?
You can set monthly standing instructions for automatic deposits into your PPF Account.
What is the maximum standing instruction period?
A standing instruction can be set for 15 years or until PPF maturity.
Can I set standing instructions while opening an online PPF Account?
Yes, standing instructions can be set during online PPF Account opening.
Is setting standing instructions mandatory while opening an online PPF Account?
No, standing instructions are optional when opening a PPF Account online.
What is the minimum amount for standing instructions?
The minimum amount is ₹ 500. Deposits must be in multiples of ₹ 50.
Opening a PPF Account
Can an NRI open a PPF Account?
No, NRIs are not eligible to open a PPF Account.
Can a minor have a PPF Account?
Yes. However, PPF Accounts of minors can be opened only at an ICICI Bank Branch.
Can a joint account holder open a PPF Account
No, PPF Accounts can only be held individually. If you have a joint Savings Account, you will need to visit a Branch and submit fresh KYC documents to open a PPF Account in your name.
How can I open a PPF Account?
Existing ICICI Bank customers can open a PPF Account online, instantly.
Nomination and Documentation
Is it compulsory to have my Savings Account nominee as my PPF nominee?
No, you can choose a different nominee or update the nomination at any time by visiting an ICICI Bank Branch.
Is Aadhaar mandatory for PPF Account opening?
Yes, Aadhaar is mandatory to open a PPF Account.
Do I need to submit a digitally signed account opening form at the Branch?
No, the digitally signed form is for your records and does not need to be submitted to the Bank.
How can I update or change my nomination in a PPF Account?
Visit any ICICI Bank Branch and submit a request to update / change the nomination.
Features of the PPF Scheme, 1968
Deposit Limits (Per Year)
Minimum: ₹ 500; maximum: ₹1,50,000, in multiples of ₹ 50
Interest Rate
Set by the Government of India (GoI) and revised periodically
Maturity Period
15 years, with the option to extend in blocks of 5 years.
Eligibility
Available for individuals and minors (through guardians)
Why Choose ICICI Bank for PPF
Comfort
- Online PPF Account opening for existing customers
- Fund transfers to the PPF Account through Internet Banking
- View statements online, anytime.
Accessibility
- One of the widest Branch networks offering PPF services.
Convenience
- Open an Account online or at any ICICI Bank Branch
- Drop-box facility for easy cheque deposit into your PPF Account
- Set standing instructions in your Savings Account for auto-deposits from it into your PPF Account.
Deposits, Withdrawals and Renewals
What is the minimum initial deposit required to open a PPF Account?
The initial deposit to open a PPF Account is ₹ 500
What is the maximum deposit limit in a PPF Account?
You can deposit a maximum of ₹ 1,50,000 per financial year, in multiples of ₹ 50.
How can I renew my PPF Account after 15 years, i.e. after my Account matures?
You can extend your PPF Account in 5-year blocks by submitting Form H at any ICICI Bank Branch within one year of maturity.
Can I extend my PPF investment tenure beyond 15 years?
Yes, you can extend your PPF Account in blocks of 5 years after it matures in 15 years.
What is the minimum deposit required in a PPF Account per year?
You must deposit a minimum of ₹ 500 per financial year to keep your PPF Account active.
Tax Benefits and TDS (Tax Deducted at Source)
Do I get tax benefits on PPF investment?
Yes, investments in PPF qualify for tax deduction under Section 80C and the interest earned is tax-free.
Is tax deducted at source (TDS) when my PPF Account matures?
No, TDS is not deducted as the interest earned on PPF investments is fully tax-free.