ICICI Bank offers service to open PPF account online

By: | Published: December 7, 2017 3:06 PM

Private lender ICICI Bank today said it has launched a digital service to allow customers to open a PPF account online, eliminating the need for furnishing paper documents.

ICICI Bank, digital service, PPF account online, mobile banking,  internet banking, PPF account, ppf account online serviceThe digital service will enable customers to open a public provident fund (PPF) account instantly and in a completely online and paperless manner. (Reuters)

Private lender ICICI Bank today said it has launched a digital service to allow customers to open a PPF account online, eliminating the need for furnishing paper documents. The digital service will enable customers to open a public provident fund (PPF) account instantly and in a completely online and paperless manner. “With this new facility, customers of the bank are no longer required to visit a branch and submit physical documents to open a PPF account. They can now conveniently open a PPF account anytime, anywhere using the bank’s digital channels of Internet and mobile banking,” it said in a statement. The bank said it is the first lender in the country to introduce a fully digital and paperless procedure for opening a PPF account. The facility, available 24×7 and on all days, will require customers to login to their internet banking or mobile banking and apply for a PPF account.

More details are awaited.

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