Want us to help you with anything?
Request a Call back

This field is required Only alphabetes are allowed
This field is required Only alphabetes are allowed
Please enter valid number
Please enter valid email
Please select product type
Please enter valid pincode

Thank you for your request.

Your reference number is CRM

Our executive will contact you shortly

PPF Online Terms and Conditions EKYC


Last Updated Date : November 15, 2017

I declare, confirm and agree

  1. That I have read, understood and hereby agree to the terms and conditions of Savings Bank online and other terms and conditions applicable to my account as set forth on the website which may be amended from time to time . I understand that access to any changes/updation in terms and conditions applicable to this account/relationship would be available on the website only and I shall agree to abide by the same
  2. I authorize ICICI Bank to use Aadhaar number and OTP (sent on registered mobile number with UIDAI) mentioned in the Online Application Form to authenticate and collect/verify information/details from UIDAI. I understand and agree that my details (including demographic, email id and mobile number etc) received from UIDAI database shall be pre-populated in the Online Application Form and that ICICI Bank may, for all purposes, be relying on the information so received from UIDAI for processing the Online Application Form.
  3. That all the particulars and information given in this application form (and all documents referred or provided therewith) are true, correct, complete and up to date in all respects and I have not withheld any information. I understand that certain particulars given by me are required by the operational guidelines governing banking companies. I undertake to keep ICICI Bank Limited (“ICICI Bank”) or its group companies informed at all times of any change/alteration in these particulars and information as notified by me to ICICI Bank/ its group companies and authorize ICICI Bank/ its group companies to update any change/alteration in my particulars and information that ICICI Bank/its group companies may be informed of by me and/or is brought to the notice of ICICI Bank its group companies and hereby authorize ICICI Bank/ its group companies to contact me on such changed address.
  4. That I undertake to provide any further information/updated KYC documents that ICICI Bank/ its group companies may require from time to time. I agree to indemnify ICICI Bank and/or its group companies against any fraud, loss or damage suffered by ICICI Bank and/or its group companies due to my providing of any incorrect information or failure to communicate any change in such particulars/ information or provide true and updated documents.
  5. That I have no insolvency proceedings initiated against me nor have I ever been adjudicated insolvent.
  6. That ICICI Bank/ its group companies reserve the right to reject any application without providing any reason. That ICICI Bank/its group companies reserves the right to retain the application forms and documents provided therewith, including photographs, and will not return the same to me in case of rejection of my application.
  7. That I hereby authorize issuance of ICICI Bank debit card and provision of ICICI Bank internet banking, phone banking and mobile banking services with respect to this account. I acknowledge that the issue and usage of any of the above services is governed by the terms and conditions in force from time to time as set forth on the website and agree to abide by the same. I further unconditionally and irrevocably authorize ICICI Bank, to debit my account annually with an amount equivalent to the fees and charges for the issue and use of the debit card as decided by ICICI Bank from time to time. I understand that to revoke the usage of the above services I shall have to issue a letter of revocation (“Revocation Letter”) to ICICI Bank in this regard. I hereby agree that until ten days after receipt of such Revocation Letter, the authorization as afore stated shall hold good.
  8. That I have to complete further applications for specific liability products/ services from ICICI Bank/ its group companies , as prescribed from time to time, and that such further applications shall be regarded as an integral part of this application (and vice versa), and that unless otherwise disclosed in such further forms as prescribed, the particulars and information set forth herein as well as the documents referred or provided herewith are true, correct, complete and up-to-date in all respects. I understand that such further applications will require incorporation of the application form number, and/ or such details as ICICI Bank may prescribe and deem fit, to facilitate data management.
  9. That when I request for opening any subsequent account in the same name, the same mode of operation and with self-introduction, such account shall be opened under the existing Customer ID and as a non-Ikit account.
  10. That I undertake and authorize ICICI Bank/ its group companies to make references and inquiries which ICICI Bank/ its group companies consider necessary in respect of or in relation to information in this application/ further applications.
  11. That my account is subject to verification and if any discrepancy in the information provided is noted, account is subject to clear/ not to be activated. You shall be required to return the I-kit to ICICI Bank.
  12. That I undertake to provide the Permanent Account Number (PAN) or Form 60/ Form 61 to ICICI Bank. I also understand that and agree that tax implication and documentation requirement is subject to change from time to time and I agree to abide by the same.
  13. That I have read and understood the contents of the detailed schedule of charges/tariff guide as set forth on I agree to abide by the same, subject to changes from time to time
  14. Further, for accounts for Professionals(if applicable);
    I agree and confirm that, my account will be used exclusively for my/our own transactions only and shall not be used directly or indirectly for or on behalf of my/our clients.
  15. Further, for Deposit account (if applicable)
    I declare confirm and agree that in the event of death of the depositor, premature termination of term deposits would be allowed. The conditions subject to which such premature withdrawal would be permitted shall be specified by ICICI Bank from time to time. Such premature withdrawal would not attract any penal charge.
  16. I undertake and authorise:
    ICICI Bank to exchange, share or part with all the information/data provided herein including personal and business information with financial institutions/ credit bureaus/ agencies/ statutory bodies/ other such persons, in order to facilitate ICICI Bank to comply with its obligations under various applicable laws, regulations, and standards. I shall not hold ICICI Bank or its agents/representatives liable for using/ sharing information provided herein for the said purpose.
  17. I further agree to indemnify and hold harmless, ICICI Bank against any fraud, loss or damage suffered by ICICI Bank, its customers or any third party or any claim, suit or action brought by any third party as a direct or indirect consequence of opening and/or accessing and/or operating my account/s with ICICI Bank in any manner whatsoever and/or availing of any services in relation to the said account/s, as may be provided by ICICI Bank to its customers from time to time.I hereby agree and authorize ICICI Bank to reverse any wrongful / erroneous credit given to my/our account/s, and/ or to reverse any such amounts of which I am not the intended recipient.  I undertake not to hold ICICI Bank or its agents/representative liable (in any manner whatsoever) for any such reversal made to my/our accounts at any point in time.
  18. For limited accounts opened through Aadhaar OTP-
    • I confirm that I have not opened any such accounts with any other bank nor will open in the future.
    • I agree to do eKYC using my Aadhaar to eSign this document
    • I confirm that I have been informed of the limitations of accounts so opened until the completion of KYC process namely-

      • Balance up to ₹1,00,000 /- on all linked deposit accounts.
      • Aggregate of all credits in a financial year up to ₹2,00,000 /- in all deposit accounts
      In case of non completion of KYC process within a year of account opening, the same shall be closed.
  19. E-KYC Declaration
    I confirm and authorise to
    • Use my Aadhaar details to authenticate me from UIDAI
    • Unique Identification Authority of India (UIDAI) to release my demographic details to ICICI Bank through biometric authentication which ICICI Bank may use for KYC verification (Identity/address proof) for the purpose of Account opening
    • Seed my Aadhaar/UID number issued by UIDAI, Government of India in my name with my aforesaid account
    • Map it at NPCI to receive Direct Benefit Transfer (DBT) from Government of India in my aforesaid account. I understand that if more than one Benefit Transfer is due to me, I will receive, all Benefit Transfers in this
  20. CKYC Declaration :
    • I hereby declare that the details furnished above are true and correct to the best of my knowledge and belief and I undertake to inform you of any changes therein, immediately. In case any of the above information is found to be false or untrue or misleading or misrepresenting. I am aware that I may be held liable for it.
    • I hereby consent to receiving information from Central KYC Registry through SMS/Email on my registered mobile number/email address.
  21. FATCA Declaration
    • Under penalty of perjury,I/We certify that:

      • The applicant is (i) an applicant taxable as a US person under the laws of the United States of America (“U.S.”) or any state or political subdivision thereof or therein, including the District of Columbia or any other states of the U.S., (ii) an estate the income of which is subject to U.S. federal income tax regardless of the source thereof, or
    • The applicant is an applicant taxable as a tax resident under the laws of country outside India.
    • I understand that the Bank is relying on this information for the purpose of determining the status of the applicant in compliance with CRS/FATCA. The Bank is not able to offer any tax advice on CRS or FATCA or its impact on the applicant.
    • I should seek advice from professional tax advisor for any tax questions.
    • I agree to submit a new form within 30 days if any information or certification on this form becomes incorrect.
    • I agree that as may be required by domestic or overseas regulators/tax authorities the Bank may also be constrained to withhold and pay out any sum from my account or close or suspend my account.