If you’re looking to open a Public Provident Fund (PPF) account, it’s helpful to know which banks allow you to do so and what online services they provide.

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Which banks offer PPF accounts?

Numerous banks both public (government) and private are authorised to open PPF accounts.

Here are some of the commonly listed ones:

State Bank of India (SBI) - Digital & branch services available.
Bank of Baroda - One of the large public sector banks supporting PPF.
Punjab National Bank (PNB) - Included in many lists.
Canara Bank - Offers PPF as part of its savings/retail investment portfolio.
Union Bank of India - Listed among banks offering PPF.
Many private banks also offer PPF over online channels, for example:
- HDFC Bank - Offers online/standing instructions for PPF.
- ICICI Bank - Provides balance tracking & online account opening for PPF.
- Other banks such as Axis Bank, Kotak Mahindra Bank etc are also mentioned among PPF-banks.

Note: This is not an exhaustive list there are other banks too. Always check with your nearest branch if they support PPF before proceeding.

Online PPF Services: What banks offer

Here are some of the online capabilities and services you should look for, when selecting a bank for PPF:

Online account opening or application: Some banks allow you to apply for PPF via internet banking/mobile app (e-KYC, upload docs, first deposit) without visiting the branch. Example: ICICI Bank’s page says you can “apply … online in minutes”.
Standing instructions/auto-debit for yearly deposit: Banks like HDFC let you “set up standing instructions for automatic debit” for PPF deposits.
Online statement/passbook & account tracking: You should be able to view your PPF balance, interest credited, deposit history via net-banking/mobile banking.
Linking to your savings account, mobile banking: Many banks link the PPF account to your savings account for convenience. Example: HDFC page says you can “transfer funds from a linked savings account”.

Factors to pick the right bank for your PPF

Here’s what to consider so you get both convenience and good service:

Confirm the bank branch near you supports PPF, as some branches may not have authorisation.
Check whether the bank supports online PPF services (opening, deposits, statements) if you prefer digital convenience.
Look at ease of additional deposits, standing instructions & auto-payments each year (since PPF needs annual contributions).
Check how easy it is to transfer your PPF account (if you move locations or switch banks). Some banks allow easy transfer from bank → bank or post office → bank.
Service quality: Does the bank respond well for queries, provide e-passbook, make updating KYC simple?
If you already have a savings account with a bank, getting the PPF there may make things smoother (linked accounts, one relationship).

Summary

If you’re ready to open a PPF account, you have many good banks to choose from both large public banks (SBI, PNB, Bank of Baroda, etc) and private banks (HDFC, ICICI, Axis, Kotak) that offer online services. Key is to pick a bank that supports online PPF features (if you prefer that) and has good service in your area. With the right bank, your PPF journey becomes smoother and more convenient.

Frequently Asked Questions (FAQs)

Can I open a PPF account online with a bank?

Yes, some banks (for example ICICI, HDFC) allow online opening of PPF accounts through internet banking or mobile app.

Is the interest rate different if I open PPF with a private bank vs a public bank?

No, the PPF interest rate is set by the Government of India and remains same across banks.

Can I open a PPF account with a bank and then later transfer it to the Post Office or another bank?

Yes, the scheme allows transfer between authorised banks and post offices.

Does every branch of the bank offer PPF account opening?

Not necessarily some branches may not be authorised. It’s best to check with your branch in advance.

What are the minimum & maximum contributions in PPF each year?

Minimum ₹ 500 per year; maximum ₹ 1.5 lakh per financial year.

Is PPF available in small banks or only large banks?

Many banks (public and private) are authorised; but smaller banks may or may not have PPF service always check.

Do I need to open the PPF account in the same bank where I have my savings account?

No, you can open it in an authorised bank even if you have a savings account elsewhere. However, linking your savings account can make contributions more convenient.

Can NRIs open a new PPF account in a bank?

No, the scheme is open to resident Indians only; existing accounts held by someone who later becomes NRI may continue under conditions.

How soon can I start depositing in the PPF account after opening?

Usually immediately some banks allow you to set up standing instructions or online transfers as soon as account is active.

Does choosing one bank over another affect the features of PPF scheme (interest, lock-in)?

No, the core features (interest rate, lock-in period, tax benefits) are determined by the Government and apply equally. Bank differences are only in service, convenience, online features.

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