You can open a PPF account at any Post Office or various authorized banks. Here’s the updated list of banks offering this service:
Public Sector Banks
- State Bank of India (SBI) & its associates (e.g., State Bank of Hyderabad, Bikaner & Jaipur)
- Bank of Baroda
- Punjab National Bank (PNB)
- Bank of India (BOI)
- Canara Bank
- Union Bank of India
- Central Bank of India
- Bank of Maharashtra
- Indian Bank
- Indian Overseas Bank
- UCO Bank
- IDBI Bank
Private Sector Banks
- HDFC Bank
- ICICI Bank
- Axis Bank
- Kotak Mahindra Bank
- IDBI Bank
Post Office
- India Post Office branches also offer PPF accounts, especially useful in rural locations
Online PPF Services Available
Several banks and post offices now enable online PPF services, including account opening, deposits, and balance checking:
- SBI: PPF through YONO and internet banking
- HDFC Bank: Full online account opening, deposit, and fund transfers
- ICICI Bank, Axis Bank: Online PPF account services with balance tracking and deposits
- Post Office: Now supports e-KYC via Aadhaar biometric; deposits and withdrawals without physical forms
Additionally, nationalised banks such as Canara Bank, PNB, Bank of India, Union Bank, IDBI, and Bank of Maharashtra offer online fund transfer into PPF accounts
Quick Summary Table
| Bank / Institution | Open Online | Deposit Online | Check Balance Online |
|---|---|---|---|
| SBI (YONO / Internet) | ✔️ | ✔️ | ✔️ |
| HDFC Bank | ✔️ | ✔️ | ✔️ |
| ICICI Bank | ✔️ | ✔️ | ✔️ |
| Axis Bank | ✔️ | ✔️ | ✔️ |
| Post Office | ✖️ | ✔️ (e-KYC) | ✖️ |
| Nationalised Banks | Partial | ✔️ | ✔️ |
Online account opening for post office is not yet available, but online deposit & Aadhaar e-KYC work well.
How to Open PPF at a Bank
Offline:
- Visit branch → request PPF account form
- Submit KYC documents and initial ₹500 deposit
- Bank processes and opens your account
Online (where available):
- Log into net/mobile banking
- Locate “PPF” under savings/investment section
- Fill form, upload KYC, and deposit ₹500
- Submit online → receive confirmation after verification
Post Office account holders can now complete e-KYC via Aadhaar biometric, open accounts without forms, and do withdrawals digitally
Why Choosing the Right Bank Matters
- Convenience: Ease of online opening & deposits
- Integration: Use your existing banking app or net banking
- Service Access: Faster tracking and statements
- Location: For rural users, post offices provide wide coverage
