{"id":7892,"date":"2025-07-16T06:43:36","date_gmt":"2025-07-16T06:43:36","guid":{"rendered":"https:\/\/lemonn.co.in\/blog\/?post_type=glossary&#038;p=7892"},"modified":"2025-07-16T06:43:38","modified_gmt":"2025-07-16T06:43:38","slug":"banks-offering-ppf-accounts","status":"publish","type":"glossary","link":"https:\/\/lemonn.co.in\/blog\/glossary\/banks-offering-ppf-accounts\/","title":{"rendered":"Banks Offering PPF Accounts"},"content":{"rendered":"<p>You can open a <strong>PPF account<\/strong> at any <strong>Post Office<\/strong> or various <strong>authorized banks<\/strong>. Here&#x2019;s the updated list of banks offering this service:<\/p>\n\n\n\n<h2 id=\"public-sector-banks\" class=\"wp-block-heading\">Public <a class=\"glossaryLink\"  href=\"https:\/\/lemonn.co.in\/blog\/glossary\/sector\/\"  data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]'  tabindex='0' role='link'>Sector<\/a> Banks<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>State Bank of India (SBI)<\/strong> &amp; its associates (e.g., State Bank of Hyderabad, Bikaner &amp; Jaipur)<\/li>\n\n\n\n<li><strong>Bank of Baroda<\/strong><\/li>\n\n\n\n<li><strong>Punjab National Bank (PNB)<\/strong><\/li>\n\n\n\n<li><strong>Bank of India (BOI)<\/strong><\/li>\n\n\n\n<li><strong>Canara Bank<\/strong><\/li>\n\n\n\n<li><strong>Union Bank of India<\/strong><\/li>\n\n\n\n<li><strong>Central Bank of India<\/strong><\/li>\n\n\n\n<li><strong>Bank of Maharashtra<\/strong><\/li>\n\n\n\n<li><strong>Indian Bank<\/strong><\/li>\n\n\n\n<li><strong>Indian Overseas Bank<\/strong><\/li>\n\n\n\n<li><strong>UCO Bank<\/strong><\/li>\n\n\n\n<li><strong>IDBI Bank<\/strong><\/li>\n<\/ul>\n\n\n\n<h2 id=\"private-sector-banks\" class=\"wp-block-heading\">Private Sector Banks<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>HDFC Bank<\/strong><\/li>\n\n\n\n<li><strong>ICICI Bank<\/strong><\/li>\n\n\n\n<li><strong>Axis Bank<\/strong><\/li>\n\n\n\n<li><strong>Kotak Mahindra Bank<\/strong><\/li>\n\n\n\n<li><strong>IDBI Bank<\/strong><\/li>\n<\/ul>\n\n\n\n<h2 id=\"post-office\" class=\"wp-block-heading\">Post Office<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>India Post Office<\/strong> branches also offer PPF accounts, especially useful in rural locations<\/li>\n<\/ul>\n\n\n\n<h2 id=\"online-ppf-services-available\" class=\"wp-block-heading\">Online PPF Services Available<\/h2>\n\n\n\n<p>Several banks and post offices now enable <strong>online PPF services<\/strong>, including account opening, deposits, and balance checking:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>SBI<\/strong>: PPF through <strong>YONO and internet banking<\/strong><\/li>\n\n\n\n<li><strong>HDFC Bank<\/strong>: Full <strong>online account opening<\/strong>, deposit, and fund transfers<\/li>\n\n\n\n<li><strong>ICICI Bank<\/strong>, <strong>Axis Bank<\/strong>: Online PPF account services with balance tracking and deposits<\/li>\n\n\n\n<li><strong>Post Office<\/strong>: Now supports <strong>e-KYC via <a class=\"glossaryLink\" href=\"https:\/\/lemonn.co.in\/blog\/glossary\/aadhaar-biometric\/\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\">Aadhaar biometric<\/a><\/strong>; deposits and withdrawals without physical forms<\/li>\n<\/ul>\n\n\n\n<p>Additionally, nationalised banks such as <strong>Canara Bank<\/strong>, <strong>PNB<\/strong>, <strong>Bank of India<\/strong>, <strong>Union Bank<\/strong>, <strong>IDBI<\/strong>, and <strong>Bank of Maharashtra<\/strong> offer <strong>online fund transfer<\/strong> into PPF accounts<\/p>\n\n\n\n<h2 id=\"quick-summary-table\" class=\"wp-block-heading\">Quick Summary Table<\/h2>\n\n\n\n<figure class=\"wp-block-table\"><table><thead><tr><th>Bank \/ Institution<\/th><th>Open Online<\/th><th>Deposit Online<\/th><th>Check Balance Online<\/th><\/tr><\/thead><tbody><tr><td>SBI (YONO \/ Internet)<\/td><td>&#x2714;&#xFE0F;<\/td><td>&#x2714;&#xFE0F;<\/td><td>&#x2714;&#xFE0F;<\/td><\/tr><tr><td>HDFC Bank<\/td><td>&#x2714;&#xFE0F;<\/td><td>&#x2714;&#xFE0F;<\/td><td>&#x2714;&#xFE0F;<\/td><\/tr><tr><td>ICICI Bank<\/td><td>&#x2714;&#xFE0F;<\/td><td>&#x2714;&#xFE0F;<\/td><td>&#x2714;&#xFE0F;<\/td><\/tr><tr><td>Axis Bank<\/td><td>&#x2714;&#xFE0F;<\/td><td>&#x2714;&#xFE0F;<\/td><td>&#x2714;&#xFE0F;<\/td><\/tr><tr><td>Post Office<\/td><td>&#x2716;&#xFE0F;<\/td><td>&#x2714;&#xFE0F; (e-KYC)<\/td><td>&#x2716;&#xFE0F;<\/td><\/tr><tr><td>Nationalised Banks<\/td><td>Partial<\/td><td>&#x2714;&#xFE0F;<\/td><td>&#x2714;&#xFE0F;<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p>Online account opening for post office is not yet available, but online deposit &amp; Aadhaar e-KYC work well.<\/p>\n\n\n\n<h2 id=\"how-to-open-ppf-at-a-bank\" class=\"wp-block-heading\">How to Open PPF at a Bank<\/h2>\n\n\n\n<p><strong>Offline<\/strong>:<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>Visit branch &#x2192; request PPF account form<\/li>\n\n\n\n<li>Submit KYC documents and initial &#x20B9;500 deposit<\/li>\n\n\n\n<li>Bank processes and opens your account<\/li>\n<\/ol>\n\n\n\n<p><strong>Online<\/strong> (where available):<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>Log into net\/mobile banking<\/li>\n\n\n\n<li>Locate &#x201C;PPF&#x201D; under savings\/investment section<\/li>\n\n\n\n<li>Fill form, upload KYC, and deposit &#x20B9;500<\/li>\n\n\n\n<li>Submit online &#x2192; receive confirmation after verification<\/li>\n<\/ol>\n\n\n\n<p><strong>Post Office<\/strong> account holders can now complete e-KYC via <strong>Aadhaar biometric<\/strong>, open accounts without forms, and do withdrawals digitally<\/p>\n\n\n\n<h2 id=\"why-choosing-the-right-bank-matters\" class=\"wp-block-heading\">Why Choosing the Right Bank Matters<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Convenience<\/strong>: Ease of online opening &amp; deposits<\/li>\n\n\n\n<li><strong>Integration<\/strong>: Use your existing banking app or net banking<\/li>\n\n\n\n<li><strong>Service Access<\/strong>: Faster tracking and statements<\/li>\n\n\n\n<li><strong>Location<\/strong>: For rural users, post offices provide wide coverage<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>You can open a PPF account at any Post Office or various authorized banks. Here&#x2019;s the updated list of banks offering this service: Public Sector Banks Private Sector Banks Post Office Online PPF Services Available Several banks and post offices now enable online PPF services, including account opening, deposits, and balance checking: Additionally, nationalised banks [&#x2026;]<\/p>\n","protected":false},"author":9,"featured_media":0,"menu_order":0,"template":"","meta":{"footnotes":""},"class_list":["post-7892","glossary","type-glossary","status-publish","hentry"],"blocksy_meta":[],"_links":{"self":[{"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/glossary\/7892","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/glossary"}],"about":[{"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/types\/glossary"}],"author":[{"embeddable":true,"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/users\/9"}],"version-history":[{"count":1,"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/glossary\/7892\/revisions"}],"predecessor-version":[{"id":7893,"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/glossary\/7892\/revisions\/7893"}],"wp:attachment":[{"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/media?parent=7892"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}