The well-known long-term savings plan, the Public Provident Fund (PPF), which matures in 15 years, now pays 7.1% interest annually. You can open a PPF account at a post office. Even some banks let you register a PPF account online, like ICICI, HDFC, and State Bank of India (SBI).

How To Open An SBI PPF Account Online

1) Log in to your SBI account online
2) Select the ‘Request and inquiries’ option now.
3) From the drop-down menu, choose the “new PPF Accounts” option.
4) A redirect will take you to the website for a “New PPF Account.” This page shows current client information, including PAN (Permanent Account Number).
5) Your address and nomination, together with your data, must be confirmed. Click “Proceed” after you’ve validated.
6) A dialogue window stating, “Your form has been successfully submitted,” appears after submission. It will have the reference number on it as well.
7) At this point, you must download the form using the provided reference number.
8) Within 30 days, print the account opening form from the “Print PPF Online Application” button and bring it to the branch together with your picture ID and proof of KYC.

How To Open HDFC Bank PPF Account Online

1) Open HDFC Bank NetBanking and log in.
2) Select the “Public Provident Fund” banner located under the Offers Tab.
3) This page shows the current customer’s information, including their PAN. Verify the information
4) If your account has already been connected to your Aadhaar, you will receive a notification stating that your account will be opened within one business day after your form is submitted.
5) If your Aadhaar is not linked, you have to first link it and then you will be able to complete the process.