Digit
headset_mic account_circle
mail
Sign In
  • Products

    Motor

    • Car Insurance
    • Two Wheeler/Bike Insurance
    • Commercial Vehicle Insurance
    • Taxi/Cab Insurance
    • Auto Rickshaw Insurance
    • Truck Insurance

    Health

    • Health Insurance
    • Super Top-up Health Insurance
    • Arogya Sanjeevani Policy
    • Corporate Health Insurance
    • Health Insurance Portability

    Other

    • International Travel Insurance
    • Flight Delay
    • Shop Insurance
    • Home Insurance
  • Claims

    • File a Claim
    • File Health Claim
    • File Motor Claim for Garages
    • Claim Status
    • Digit Cashless Garages
    • Digit Cashless Hospitals
  • Renewals
  • Become an Agent
  • Digit Products

    Motor Insurance

    • Car Insurance 25% OFF
    • Two Wheeler/Bike Insurance
    • Commercial Vehicle Insurance
    • Taxi/Cab Insurance 15% OFF
    • Auto Rickshaw Insurance
    • Truck Insurance

    Health Insurance

    • Health Insurance
    • Super Top-Up Health Insurance
    • OPD Health Insurance
    • Arogya Sanjeevani Policy
    • Personal Accident Insurance
    • Corporate Health Insurance

    Other Insurance

    • International Travel Insurance
    • Flight Delay
    • Shop Insurance
    • Home Insurance
  • Claims

    File a Claim

    File Health Claim

    File Motor Claim for Garages

    COVID-19 Assistance

    Claim Status

  • Renewals

    Become an Agent

  • Support
    Sign In
    • edit Edit Policy
    • download Download Policy
    • person_pin My Service Requests
    • check Check Policy Status
    call 1800-258-5956 mail_outline hello@godigit.com whatsapp 70260 61234

    Our WhatsApp number cannot be used for calls. This is a chat only number.

  • My Account
    account_circle
    • autorenew Renew My Policy
    • download Download My Policy
    logout SIGN OUT
    call 1800-258-5956 mail_outline hello@godigit.com whatsapp 70260 61234

    Our WhatsApp number cannot be used for calls. This is a chat only number.

  • login
  • about
  • contact
  • careers
More Products

Motor

  • Car Insurance
  • Two Wheeler/Bike Insurance
  • Commercial Vehicle Insurance
  • Taxi/Cab Insurance
  • Auto Rickshaw Insurance
  • Truck Insurance

Health

  • Health Insurance
  • Super Top-up Health Insurance
  • Arogya Sanjeevani Policy
  • Corporate Health Insurance
  • Health Insurance Portability

Other

  • International Travel Insurance
  • Flight Delay
  • Shop Insurance
  • Home Insurance

Support

close
account_circle
  • edit Edit Policy
  • download Download Policy
  • person_pin My Service Requests
  • check Check Policy Status
  • autorenew Renew My Policy
  • download Download My Policy
logout SIGN OUT
call 1800-258-5956 mail_outline hello@godigit.com whatsapp 70260 61234

Our WhatsApp number cannot be used for calls. This is a chat only number.

Do the Digit Insurance

Trusted by 3 Crore+ Indians

  • Health
    Health
  • Pay as you Drive
    Car Side View
    Car
  • trending icon

    Third-party premium has changed from 1st June. Renew now

    Motorcycle Side View
    Bike
  • auto rikshaw
    Commercial
  • Covers COVID-19
    Travel Airplane
    Travel
  • More products
    More
ENTER YOUR CAR NUMBER
keyboard_arrow_right
DON'T KNOW YOUR CAR NUMBER?
keyboard_arrow_right
renew digit policy keyboard_arrow_right

I agree to the  Terms & Conditions

{{(!carWheelerCtrl.registrationNumberCardShow || carWheelerCtrl.localStorageValues.vehicle.isVehicleNew) ? 'I know my Reg num' : 'Don’t have Reg num?'}}
keyboard_arrow_right
It’s a brand new Car
keyboard_arrow_right
renew digit policy keyboard_arrow_right

I agree to the  Terms & Conditions

Terms and conditions

    false false
    Enter valid registration number
    DON'T KNOW REGISTRATION NUMBER?
    keyboard_arrow_right
    I KNOW MY REGISTRATION NUMBER
    keyboard_arrow_right
    IT'S A NEW BIKE
    keyboard_arrow_right
    RENEW DIGIT POLICY
    keyboard_arrow_right

    I agree to the  Terms & Conditions

    Continue with {{bikeCtrl.lastVisitedData.lastVisitedUrl.indexOf('DigitPaymentGateway/payments') !== -1 ? 'payment completion': 'previous choice'}}

    {{bikeCtrl.lastVisitedData.vehicle.makeModel | toTitleCase}} {{bikeCtrl.lastVisitedData.vehicle.variant? (bikeCtrl.lastVisitedData.vehicle.variant|toTitleCase): (bikeCtrl.lastVisitedData.vehicleCharacteristics.vehicleType | toTitleCase)}}

    {{bikeCtrl.lastVisitedData.vehicle.licensePlateNumber}}

    {{bikeCtrl.selectedPlanDisplay[bikeCtrl.lastVisitedData.dropOffSelectedPlan? bikeCtrl.lastVisitedData.dropOffSelectedPlan: bikeCtrl.lastVisitedData.selectedPlan]}}

    -

    ₹{{((bikeCtrl.lastVisitedData.dropOffSelectedPlan ? bikeCtrl.lastVisitedData.dropOffGrossPremium:bikeCtrl.lastVisitedData.chosePlan.grossPremium) .replace('INR ','')).split('.')[0] | rupeeFormatWithComma}} (Incl 18% GST)

    keyboard_arrow_right
    IT'S A NEW BIKE
    keyboard_arrow_right
    RENEW DIGIT POLICY
    keyboard_arrow_right

    I agree to the  Terms & Conditions

    Continue with {{twoWheelerCtrl.lastVisitedData.lastVisitedUrl.indexOf('DigitPaymentGateway/payments') !== -1 ? 'payment completion': 'previous choice'}}

    {{twoWheelerCtrl.lastVisitedData.vehicle.make |toTitleCase}} {{twoWheelerCtrl.lastVisitedData.vehicle.model | toTitleCase}} {{twoWheelerCtrl.lastVisitedData.vehicle.variant? (twoWheelerCtrl.lastVisitedData.vehicle.variant |toTitleCase):''}}

    {{twoWheelerCtrl.lastVisitedData.vehicle.licensePlateNumber}}

    {{twoWheelerCtrl.lastVisitedData.selectedPlan}}

    -

    ₹{{((twoWheelerCtrl.lastVisitedData.quickQuoteResponse.plans[twoWheelerCtrl.lastVisitedData.selectedPlan].resposeBody.grossPremium) .replace('INR ', '')).split('.')[0] | rupeeFormatWithComma}} (Incl 18% GST)

    • Geography
    • Country
    {{geography.name}}

    Popular Countries (You can select more thane one)

    • {{country}}

    DONE
    Please select geography

    I agree to the  Terms & Conditions

    As mandated by Spanish Authorities your travel insurance needs to extend 15 days after your trip ends.
    We will extend your coverage period accordingly.

    false false false false false false false false false false false false

    Port my existing Policy

    keyboard_arrow_right
    or renew digit policy keyboard_arrow_right
    Chat with an expert

    I agree to the  Terms & Conditions

    You can select more than one member

    • -+ Max kids
      (s)
    ENTER YOUR REGISTRATION NUMBER
    keyboard_arrow_right
    DON'T KNOW YOUR REGISTRATION NUMBER
    keyboard_arrow_right
    or renew digit policy keyboard_arrow_right

    I agree to the  Terms & Conditions

    Terms and conditions

    Terms and conditions

    Do the Digit Insurance
    • Health
    • Car
    • Bike
    • Commercial
    • Travel
    • More Products

    How to Open PPF Account?

    open ppf account
    (Source: axisbank)

    The National Savings Organisation brought in the Public Provident Fund scheme in 1968. The motive behind this initiative was to promote small investments and savings among the masses. Today, this scheme is a popular savings tool in India.

    So, if you are planning to open a PPF account online or offline, allow this guide to walk you through its ins and outs. 

    Without any further ado, let’s begin!

    Why should you open a PPF account?

    Before we delve into how to open a PPF account, let’s gauge why you should do so. When you open a PPF account, you receive a number of benefits, as elucidated below:

    Investment security

    As PPF is a government-backed savings scheme, its subscribers can enjoy guaranteed returns. Moreover, it safeguards the financial needs of investors by not being market-linked. Therefore, the PPF scheme is ideal for investors with a low-risk appetite but an inclination for a diversified investment portfolio.

    Tax benefits

    This scheme extends tax benefits to its subscribers under section 80C of the Income Tax Act, 1961. You can, therefore, avail yourself of tax deductions up to Rs.1,50,000 on the capital invested. Furthermore, the PPF scheme follows the EEE model of taxation. As a result, investors can enjoy tax exemption on both the maturity amount and their earned interest.

    Loan against investment

    A PPF provides its investors with the advantage of availing loans against their investment amount. You can avail this loan at any time starting from the 3rd year of your account activation till the 6th year.

    How can you open a PPF account?

    You can open a PPF account online or offline. Although the process varies for every institution, the gist of it remains the same. 

    Before you go ahead with this procedure, you must possess the following:

    • Proof of identity like Aadhaar card, PAN card, Voter ID card, passport, or driving license
    • Address proof, such as Aadhaar card, Ration card, telephone bill, or electricity bill
    • Two passport-sized photographs of the applicant
    • Pay-in-slip or a signed cheque (when applying offline with a bank)
    • A savings account and net banking facility
    • Aadhar linked to the bank account
    • Mobile number linked to Aadhar

    How to open a PPF account online

    To open a PPF account online, one must hold a savings account with a participating bank. Moreover, this bank must have mobile banking services or internet banking for the same.

    You can simply follow these steps to open a PPF account online:

    • Step 1: Log into your online account on the bank’s internet banking/mobile banking platform.
    • Step 2: Select the “Open a PPF Account” option.
    • Step 3: Now, find the “Self Account” option and click on it.
    • Step 4: Fill out an application form by entering the required details. Make sure that you verify all details before submission.
    • Step 5: Specify the amount that you plan to deposit in your PPF account each year.
    • Step 6: Here, you can also set standing instructions to transfer this amount automatically from your savings account and into your PPF account. 
    • Step 7: After a thorough review, submit this application. You will then receive an OTP on your registered mobile number. Submit it to confirm your identity and authorise this transaction.
    • Step 8: You will receive a message on your screen and an email indicating a successful account creation.

    Congratulations! Your PPF account is now created.

    How to open a PPF account offline

    If you do not wish to open a PPF account online, you can easily take the offline route. For this, you have to follow these steps:

    • Step 1: First, make sure that you compile all the relevant documents required to open a PPF account. Additionally, it is best if you already hold a savings account with the bank to open a PPF account conveniently.
    • Step 2: Visit the nearest branch of your bank.
    • Step 3: The bank representative will require you to fill out an application form.
    • Step 4: Duly fill out this form and submit it alongside the relevant documents for the PPF account.

    Can you open a PPF account via the post office?

    Yes, instead of turning to the digital route to open a PPF account online, you can opt for the same at a post office. 

    When opening a PPF account in a post office, you can follow these steps:

    • Step 1: Visit a post office in your vicinity. It is preferable if you already have a savings account with the post office for a hassle-free PPF account activation. 
    • Step 2: Fill out an application form. Additionally, it calls for you to furnish self-attested copies of the relevant KYC documents. Also, ensure that you carry original copies of each document for verification purposes.
    • Step 3: Now, you are required to deposit an initial amount using a cheque or DD for opening your account. Here, the minimum initial amount to be deposited is Rs.100. Furthermore, the minimum annual contribution for this scheme is Rs.500.
    • Step 4: The post office provides you a passbook for your account once it is up and running.

     

    Did you know you can also apply for the same digitally?

    Simply use the India Post Payment Bank (IPPB) mobile application. This application simplifies opening a PPF account in the post office online. 

    After you install this application, follow these steps: 

    • Step 1: Open the app and add money from your bank account to the IPPB account.
    • Step 2: Find the ‘Department of Post (DOP) Services’ section.
    • Step 3: Select the type of account as ‘Public Provident Fund.’
    • Step 4: Submit your PPF account number as well as your DOP customer ID.
    • Step 5: Enter your preferred deposit amount and select the ‘Pay’ option.

    After a successful payment transfer, the app notifies you about the same.

    Which banks allow you to open PPF accounts?

    Opening a PPF account in a bank can be done at the below-mentioned participating institutions.

    • Bank of Baroda
    • HDFC Bank
    • Bank of India
    • ICICI Bank
    • Central Bank of India
    • Bank of Maharashtra
    • Union Bank of India
    • United Bank of India
    • Punjab National Bank
    • Allahabad Bank
    • Corporation Bank
    • UCO Bank
    • Canara Bank
    • Axis Bank
    • Kotak Mahindra Bank
    • Punjab and Sind Bank
    • Oriental Bank of Commerce
    • Dena Bank
    • Indian Overseas Bank
    • Vijaya Bank
    • Syndicate Bank
    • IDBI Bank
    • Andhra Bank
    • State Bank of India and its subsidiaries, which include the following –
      • State Bank of Bikaner and Jaipur
      • State Bank of Travancore
      • State Bank of Patiala
      • State Bank of Hyderabad
      • State Bank of Mysore

    How to open a PPF account for minors

    The scheme also offers PPF for minors. Here are some pointers to bear in mind when you are opening a PPF account for kids.

    • Only a child’s parents or a legal guardian can open a PPF account on his/her behalf.
    • Grandparents cannot open a PPF account for a minor if his/her parents are still alive.
    • An account cannot be opened in joint names.
    • You can only open a single PPF account for a child.
    • The minimum balance in PPF account to be deposited each year is Rs.500, whereas the maximum amount is Rs.1,50,000.

    Furthermore, the procedure to open a minor account is similar to that for an adult. You can opt for the same at the nearest branch of your bank or a post office in your vicinity.

    However, when you open a PPF account online for a minor, ensure to select the option ‘Minor Account’ after you log into your mobile banking platform.

    What are the documents required to open a minor PPF account?

    A parent or guardian must provide his/her details along with the child’s in the PPF application form. Therefore, they are required to furnish the following documents:

    • KYC documents of the parent/guardian
    • Identity proof: Aadhaar card, PAN card, Voter ID card, passport, or driving license
    • Proof of residence: Aadhaar card, Ration card, telephone bill, or electricity bill
    • Age proof of the minor, such as a birth certificate or Aadhaar card
    • A cheque for an initial deposit into the account. Here, the minimum initial contribution is Rs.500.

    Can you convert a minor PPF account into an adult one?

    One cannot ‘convert’ a minor PPF account into an adult one. An application must be submitted to change a minor’s status to an adult when he/she turns 18 years of age. After that, he/she can operate the PPF account.

    And with that, we have reached the end of this guide on how to open a PPF account. We hope this helps when you open a PPF account online or offline.

    Frequently Asked Questions

    What is the minimum period for which your PPF account remains locked-in?

    A Public Provident Fund account comes with a minimum lock-in period of 15 years.

    A Public Provident Fund account comes with a minimum lock-in period of 15 years.

    At what age can we open a PPF account?

    There is no age restriction when it comes to opening a PPF account. Minors and adults can hold such an account.

    There is no age restriction when it comes to opening a PPF account. Minors and adults can hold such an account.

    Can a student open a PPF account?

    A PPF account for a student can be opened by the child’s parent or a legal guardian if he/she is under 18 years. Such a child can control the account’s operations when he/she turns 18.

    A PPF account for a student can be opened by the child’s parent or a legal guardian if he/she is under 18 years. Such a child can control the account’s operations when he/she turns 18.

    Can PPF be withdrawn?

    You can easily withdraw the entire corpus on maturity, i.e., after a term of 15 years. Moreover, you can make only partial withdrawal per financial year, starting from the 6th year after opening the account.

    You can easily withdraw the entire corpus on maturity, i.e., after a term of 15 years. Moreover, you can make only partial withdrawal per financial year, starting from the 6th year after opening the account.

    Please try one more time!

    Request URL:
    Status Code:
    Request Payload:
    Response Data:

    Important Articles related to Finance

    Employee Provident Fund

    EPF Registration Process

    How to Withdraw EPF Online

    Atal Pension Yojana Calculator

    How to Change Details in Atal Pension Yojana Scheme

    How to get Atal Pension Yojana Statement

    How to Close Atal Pension Yojana Account

    Sukanya Samriddhi Yojana

    How to Open Sukanya Samriddhi Yojana Account

    Sukanya Samriddhi Yojana Calculator

    What is Public Provident Fund?

    How to Open PPF Account?

    How to Check PPF Account Balance?

    Eligibility Criteria to Open PPF Account

    Types of PPF Forms

    How to Withdraw PPF Online?

    How to Invest in PPF?

    Financial Planning for Salaried Employees

    Importance of Financial Planning

    Financial Planning Tips for Women

    How to Apply for Atal Pension Yojana?

    What is UAN Number?

    How to check EPF Balance

    KVP Calculator

    Voluntary Provident Fund

    Difference between EPF and EPS

    How to Check Sukanya Samriddhi Account Balance?

    Investment Planning Guides

    Professional Tax in India

    Show more

    Disclaimer: This information is added only for informative purposes and collected from different sources across the Internet. Digit Insurance is not promoting or recommending anything here. Please verify the information before making any decisions.

    Download Digit App

    close
    1. Digit Insurance
    2. Finance
    3. Public Provident Fund
    4. How to Open PPF Account

    Last updated: 2023-06-09

    Digit
    • about
    • contact
    • career
    Products
    • Car Insurance
    • Bike Insurance
    • Travel Insurance
    • Health Insurance
    • Property Insurance
    • Shop Insurance
    • Group Health Insurance
    • Arogya Sanjeevani Policy
    • Commercial Vehicle Insurance
    • Super Top-up Health Insurance
    • Flight Delay
    • Health Insurance for Disabled & HIV/AIDS Patients
    Resources
    • Blog
    • Press
    • Download Policy
    • Grievance Redressal Procedure
    • Cancel e-Mandate
    • Check Digit Policy Status
    • Bima Bharosa (Earlier Known as IGMS)
    Agent & Partnerships
    • Become an Agent
    • Become Digit POSP
    • Garages claim intimation
    Services
    • Claims
    • Renewals
    • Digit Cashless Garages
    • Digit Cashless Hospitals
    Get our app
    Download man
    App Store Google Play

    Other Products
    • Fire Insurance
    • Burglary Insurance
    • Building Insurance
    • Bus Insurance
    • Tractor Insurance
    • Commercial Van Insurance
    • Passenger Carrying Vehicle Insurance
    • Heavy Vehicle Insurance
    • Goods Carrying Vehicle Insurance
    • Activa Insurance
    • Jupiter Insurance
    • Bullet Insurance
    • Student Travel Insurance
    • Schengen Visa Travel Insurance
    Health Insurance Guides
    • Individual Health Insurance
    • Family Health Insurance
    • Health Insurance for Parents
    • Health Insurance Premium Calculator
    • Compare Health Insurance
    • Health Insurance for Senior Citizens
    • Health Insurance with Maternity Cover
    • Corona Kavach Policy
    • Corona Rakshak Policy
    • हेल्थ इन्शुरन्स
    • फैमिली हेल्थ इन्शुरन्स
    Car Insurance Guides
    • Third Party Car Insurance
    • Comprehensive Car Insurance
    • Zero Depreciation Car Insurance
    • NCB in Car Insurance
    • IDV Calculator for Car
    • Bumper to Bumper Car Insurance
    • Car Insurance Calculator
    • Own Damage Car Insurance
    • Comprehensive vs Third Party Insurance
    • Compare Car Insurance
    • Find Vehicle Registration Details Online
    Bike Insurance Guides
    • Third Party Bike Insurance
    • Comprehensive Bike Insurance
    • Zero Depreciation Bike Insurance
    • NCB in Two Wheeler Insurance
    • IDV Value Calculator for Bike
    • Add-on Cover in Bike Insurance
    • Bike Insurance Calculator
    • Own Damage Bike Insurance
    • Comprehensive vs Third Party Bike Insurance
    • Compare Bike Insurance
    • Royal Enfield Insurance
    • TVS Insurance
    • Hero Bike Insurance
    Other Guides
    • Types of Insurance
    • Types of General Insurance
    • Types of Motor Insurance
    • International Driving License
    • Visa on Arrival for Indians
    • Visa Free Countries for Indians
    • Comprehensive vs Zero Depreciation
    • Coronavirus Health Insurance
    • Coronavirus Symptoms Checker
    • Indian Passport Rank
    • Digit Illness Group Insurance
    • Hero Splendor Insurance
    • Access Insurance
    • Scooty Insurance
    Calculators
    • SME Buddy Calculator
    • Home Loan EMI Calculator
    • Bike Loan EMI Calculator
    • Car Loan EMI Calculator
    • HRA Exemption Calculator
    • Sukanya Samriddhi Yojana Calculator
    • SIP Calculator
    • RD Calculator
    • SWP Calculator
    • GST Calculator
    • PPF Calculator
    • Personal Loan EMI Calculator
    • EMI Calculator
    • Individual Income Tax Slab
    • Tax Saving Options other than 80C
    Finance Guides
    • What is Credit Score
    • Public Provident Fund
    • How to Open PPF Account?
    • How to open Sukanya Samriddhi Account
    • What is GST?
    • GST Registration in India
    • PAN Card
    • Aadhaar Card
    • Property Tax
    • Road Tax
    • Passport Process
    • Income Tax Slabs
    • How to Save Income Tax in India
    • Tax Deductions under Section 80C
    Traffic Rules
    • PUC Certificate
    • Vehicle Registration Certificate
    • New Traffic Fines
    • Fine for Driving without Helmet
    • Types of Driving Licence in India
    • Driving Licence in Delhi
    • Driving Licence in Bangalore
    • Driving Licence in Jaipur
    • Bangalore Traffic Fines
    • Pune RTO Fine
    • Own Damage Insurance
    Business Products
    • Business Insurance
    • Management Liability Insurance
    • General Liability Insurance
    • Workmen Compensation Insurance
    • Fidelity Insurance
    • Professional Liability Insurance
    • Money Insurance Policy
    • Sign Board Insurance
    • Plate Glass Insurance
    • Erection All Risk Insurance
    • Contractors' All Risks Insurance
    • Directors and Officers Liability Insurance
    • Marine Cargo Insurance
    • Contractors Plant and Machinery Insurance
    RTO Offices in India
    • RTO Office
    • RTO Pune
    • RTO Ahmedabad
    • RTO Bangalore
    • RTO Mumbai
    • RTO Delhi
    • RTO Lucknow
    • RTO Thane
    • RTO Chennai
    Important Links
    • Digit Insurance Reviews
    • Car Insurance Reviews
    • Bike Insurance Reviews
    • Commercial Vehicle Insurance Reviews
    • Travel Insurance Reviews
    • Health Insurance Reviews
    • Mobile Insurance Reviews
    • Become a Digit Partner
    • General Insurance Agent
    • Health Insurance Agent
    • Motor Insurance Agent
    Car Brands & Models
    • Maruti Insurance
    • Toyota Car Insurance
    • Tata Car Insurance
    • Hyundai Car Insurance
    • Kia Car Insurance
    • Mahindra Car Insurance
    • Tata Tiago Insurance
    • Tata Nexon Insurance
    • Hyundai i20 Insurance
    • Creta Insurance
    • Baleno Insurance
    Downloads Do Not Disturb (DND) Public Disclosures Investor Relations Stewardship Policy IRDAI Privacy Policy

    CIN: U66010PN2016PLC167410, IRDAI Reg. No. 158.

    Go Digit General Insurance Limited (formerly known as Oben General Insurance Ltd.) - Registered Office Address - 1 to 6 floors, Ananta One (AR One), Pride Hotel Lane, Narveer Tanaji Wadi, City Survey No.1579, Shivaji Nagar, Pune-411005, Maharashtra | Corporate Office Address - Atlantis, 95, 4th B Cross Road, Koramangala Industrial Layout, 5th Block, Bengaluru-560095, Karnataka | Trade logo of Go Digit General Insurance Ltd. displayed above belongs to Go Digit lnfoworks Services Private Limited and is provided and used by Go Digit General Insurance Ltd. under license.