Public Provident Fund FAQs

PPF account can be viewed online post 24 hours from the time of account opening.

Customers need to deposit minimum Rs. 500 in the PPF account per year.

After 15 years, customers can extend their PPF account for one or more 5-year block periods. For this, the customer will have to fill Form H within one year from maturity and submit it to the nearest ICICI Bank branch.

No TDS is deducted on maturity as the interest earned is fully exempted from tax.

Customer needs to visit the branch to get the passbook for a PPF account.

• Convenience

1. Customer can walk to any branch and submit account opening documents
2. Drop boxfacilityisavailableforPPFsubscriptionchequedeposit
3. Physical standing instructions can be set on customers savings account

• Comfort

1. Online PPF facility offering PPF account opening
2. Online Transfer funds into PPF
3. View mini/ detailed statement

• Accessibility

1. Widest branch network offering PPF facility

The minimum standing instruction amount is Rs. 500 and thereafter in multiples of Rs. 5.

Online PPF Account can now be opened instantly for existing customers.

If you are an existing customer. APPLY NOW

Customer can set standing instruction with a monthly frequency.

A standing instruction can be set for 15 years or till the maturity of PPF account.

Tax benefits can be availed under section 80C for the amount invested. The interest accrued is tax free.

Yes. Standing instruction can be set while opening an online PPF account.

No. Customers can open an online PPF account without setting any standing instruction.

No. A PPF account cannot be opened by NRI’s.

Customers need to visit the nearest ICICI Bank branch and give the request for nomination updation/ change.

No. PPF account for minors can only be opened from our branches.

No, for opening PPF account aadhar is not mandatory

Investors can extend the tenure of their PPF investment beyond 15 years from the date of initial investment with a block of 5 years.

A minimum of Rs. 100 can be deposited as initial deposit amount.

Features of the PPF Scheme, 1968:

• Eligibility: Individuals and Individuals on behalf of minors can invest in PPF scheme
• Deposit amount: A PPF account can be opened with minimum initial funding of Rs. 100. Minimum amount to be deposited in one whole financial year is Rs. 500 and maximum deposit should not exceed Rs. 1,50,000. Deposits can be done in multiples of Rs. 5
• Interest earned: Interest rate is defined by GoI from time to time
• Period: PPF has maturity period of 15 years. On completion of fifteen years, the account holder has the option of extending the account in slabs of five years.

• Customers will have to visit the nearest ICICI Bank branch and will have to submit a fresh set of KYC documents to apply for a new account as a single holder
• Post new account opening and Customer ID creation, the customer's PPF account will be opened and the same will be linked under the new Customer ID.

The Public Provident Fund (PPF) scheme is a popular long term investment option backed by the Government of India (GoI), offering attractive interest rate and returns that are fully exempted from tax. Account holders can invest minimum Rs. 500 to maximum Rs. 1,50,000 in one financial year.

Customer can continue with the same nominee as updated in the savings account or change/update by visiting the nearest ICICI Bank branch.

No. The customer can opt for opening PPF account without a nominee. The customer can also get the nominee updated/ changed by visiting the nearest ICICI Bank branch.

No, the form needs to be kept with the customer for future reference.