No, TDS is not deducted as the interest earned on PPF investments is fully tax-free.

Yes, you can get tax benefits on your PPF investment. Contributions are eligible for deduction under Section 80C, up to ₹ 1.5 lakh per year. Also, both the interest earned and the maturity amount are completely tax-free under Section 10 of the Income Tax Act. This makes PPF a great tax-saving option.

No, you can choose a different nominee or update the nomination at any time by visiting an ICICI Bank Branch.

Yes, you need an Aadhaar Card to open a PPF Account. This is a key document to fulfil KYC (Know Your Customer) requirements for quick opening of a PPF Account.

No, the digitally signed form is for your records and does not need to be submitted to the Bank.

Visit any ICICI Bank Branch and submit a request to update / change the nomination.

Please visit any ICICI Bank Branch to get your PPF passbook.

Yes, you can check the mini and detailed statements of your PPF Account online, through Internet Banking and the iMobile app.

You can view your PPF Account online 24 hours after account opening.

The current PPF interest rate is 7.10% per annum as of May 2025. It is fixed by the government and is reviewed every quarter. This interest is compounded annually, helping your savings grow steadily over time.

Minimum: ₹ 500; maximum: ₹1,50,000, in multiples of ₹ 50

Set by the Government of India (GoI) and revised periodically

15 years, with the option to extend in blocks of 5 years.

Available for individuals and minors (through guardians)

Yes, PPF partial withdrawal is allowed after 5 complete financial years. However, there are limits on how much you can withdraw. Full withdrawal is only possible after the 15-year maturity period.

If you don’t deposit at least ₹ 500 in a year, your PPF Account becomes inactive. To reactivate it, you’ll need to pay a ₹ 50 penalty and deposit the pending amount (₹ 500) for each missed year.

The initial deposit to open a PPF Account is ₹ 500

You can deposit a maximum of ₹ 1,50,000 per financial year, in multiples of ₹ 50.

You can extend your PPF Account in 5-year blocks by submitting Form H at any ICICI Bank Branch within one year of maturity.

Yes, you can extend your PPF Account in blocks of 5 years after it matures in 15 years.

You must deposit a minimum of ₹ 500 per financial year to keep your PPF Account active.

• Online PPF Account opening for existing customers
• Fund transfers to the PPF Account through Internet Banking
• View statements online, anytime.

• One of the widest Branch networks offering PPF services.

• Open an Account online or at any ICICI Bank Branch

• Drop-box facility for easy cheque deposit into your PPF Account

• Set standing instructions in your Savings Account for auto-deposits from it into your PPF Account.

You can set monthly standing instructions for automatic deposits into your PPF Account.

A standing instruction can be set for 15 years or until PPF maturity.

Yes, standing instructions can be set during online PPF Account opening.

No, standing instructions are optional when opening a PPF Account online.

The minimum amount is ₹ 500. Deposits must be in multiples of ₹ 50.

No, NRIs cannot open PPF Accounts. However, if someone opens a PPF Account while being a resident Indian and later becomes an NRI, they can continue the Account till maturity. But they are not allowed to extend it further after the 15-year term ends.

Yes, minors can open a PPF Account. However, it is important to know that the Account for minors can be opened by their parents or legal guardians on their behalf and only at an ICICI Bank Branch. The guardian operates the Account until the child turns 18, after which the minor can take control of it.

No, PPF Accounts can only be held individually. If you have a joint Savings Account, you will need to visit a Branch and submit fresh KYC documents to open a PPF Account in your name.

Existing ICICI Bank customers can open a PPF Account online, instantly.