You can open a PPF account via either the online or offline. The traditional offline method entails visiting your closest bank branch or India Post Office to fill up and submit the PPF account opening form together with required KYC documents. However, these days you can open a PPF account online from the comfort of your home. Connect 2 Payroll Outsourcing Services in India by PF ESI Consultant in Ahmedabad.
Mentioned below are the important procedures you need to do in order to open your Public Provident Fund Account online:
1. Sign In
The initial step toward starting your PPF account is to sign into your bank account. Currently public sector banks as well as a few prominent private sectors banks allow you to open a PPF account. After connecting into your bank account, click on the tab which provides the accountholder to open the PPF account
2. Fill in Your Details
After clicking on the tab, you will be led to a new website wherein you will have to enter in your personal details, such as name, age, address, PAN, Aadhaar, etc.
3. Verify Your Details
The next step is to validate the details you have supplied and then click on proceed.
4. Your Account Will Be Created
After you validate your credentials, your PPF account will be created, and your account number will be presented.
5. KYC of the PPF Account
After your account has been formed, visit your bank branch to get the KYC done of your PPF within 30 days of registration for the procedure to move forward.
Who is Eligible to invest in Public Provident Fund Investment Plan?
1. Any Indian citizen can open the Public Provident Fund investment account under his/her name or on behalf of a minor.
2. However, you must note that you cannot register a joint account for PPF, though you can add a nominee such as your spouse, parents, or children.
Connect 2 Payroll Outsourcing Services in India by PF ESI Consultant in Ahmedabad. You now have thorough information on what is PPF account, its features and benefits and who are qualified to register a PPF account. Investing in the PPF investment plan would make sure that you and your family have a tranquil life and do not encounter any financial worries. Moreover, by making PPF investments you will be able to realize numerous long-term goals, such as a child's education and marriage, buying a property, etc, with ease.Â