Tax-Free Wealth Growth with PPF
Invest in the Public Provident Fund (PPF) today to enjoy assured returns, triple tax benefits and a secure financial future. Easily open a PPF Account online with ICICI Bank.
Tax-Free Income
SUITABLE FOR
Secure & Tax-Free Growth
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Power of Compounding for Growth
How to Get Maximum Benefits?
Tax Benefits
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Save Taxes Up to ₹ 46,800
Invest up to ₹ 1.5 lakh annually for tax benefits under Section 80C.
Assured Returns
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Earn Assured Returns at 7.1%
Enjoy consistent and guaranteed returns, irrespective of market volatility.
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Flexibility
Easily Modify Contributions:
Increase or decrease your investments at any time.
Compounding Growth
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Benefit from Compound Interest
Your interest earns interest, growing your wealth significantly over time.
Long-Term Security
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Secure Your Future
Invest for 15 years to secure a risk-free, stable financial future.
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Risk-Free Investment
Government-Backed Safety:
A government-secured investment with no market risks.
Important Things to Know
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Tax-Free Interest
The interest earned on PPF investments is completely tax-free.
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15-Year Lock-In Period
PPF has a mandatory 15-year lock-in period.
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Minimum Investment
Investments start from just ₹ 500 per year.
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Annual Contribution Limit
The maximum annual contribution is ₹ 1.5 lakh.
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No Premature Withdrawal
You can only withdraw after the completion of 5 full financial years of investment.
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Loan Against PPF
You can avail of a loan against your PPF balance between the 3rd and 6th years.
How to Apply?
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Log into ICICI Bank Internet Banking
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Go to: Investments > PPF Account Online > Open a PPF Account
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Enter details (Amount, nominee, standing instructions etc.)
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Give necessary consents and click on ‘Proceed’
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Redirection to NSDL page for Aadhaar authentication
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E-sign & submit.
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Log into iMobile
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Go to: Invest > PPF
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Read the declaration, tick the checkbox and click on ’Lets Get Started’
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Enter details (Amount, nominee, standing instructions etc.)
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Redirection to NSDL page for Aadhaar authentication
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E-sign & submit.
Things you’ll need to apply
Documents:
- Valid ID Proof
- PAN Card
- Address Proof
- Bank Account Details
- Aadhaar-Linked Mobile Number
About PPF
Returns with Safety
Enjoy annual returns of 7.1% on your investment, compounded annually. The interest earned is completely tax-free, making it a secure and profitable long-term saving option.
Tax Benefits
Contribute up to ₹ 1.5 lakh per year and avail tax deduction under Section 80C. This provides you with savings of up to ₹ 46,800 annually.
Easy Online Application
Opening a PPF Account is simple with ICICI Bank's online process. Just log into Internet Banking or iMobile, enter your details and e-sign the application. Your Account is ready in minutes.
Flexible Contribution & Withdrawal
Invest as little as ₹ 500 annually, with an upper limit of ₹1.5 lakh. You can change your contribution year to year. PPF partial withdrawal are available after 5 full financial years, providing you with financial flexibility.
FAQs
What is the minimum investment for a PPF account?
The minimum annual contribution required to maintain a PPF Account is ₹ 500. The maximum you can contribute in a financial year is ₹ 1.5 lakh. Contributions can be made in a lump sum or a maximum of 12 instalments per year.
How long is the lock-in period for PPF?
The lock-in period of a PPF Account is 15 years and the Account can be extended in blocks of 5 years. After completion of 5 full years, partial withdrawals are allowed.
Can I avail of tax benefits with PPF?
Yes, contributions to a PPF Account are eligible for tax deduction under Section 80C, up to ₹ 1.5 lakh per year. The interest and maturity proceeds are also tax-free.
How do I apply for a PPF account with ICICI Bank?
To apply, log into ICICI Bank Internet Banking or iMobile, go to the section for PPF Account and follow the instructions. Your Account will be set up instantly.
What happens if I miss a PPF deposit?
If you miss a deposit, your PPF Account will become inactive. However, you can reactivate the Account by paying a penalty and depositing the minimum amount for each missed year.
What is the best time to deposit money in a PPF Account to maximise the interest?
The best time to make a PPF deposit is before the 5th of every month. Interest is calculated monthly, on the lowest balance in the Account between the 5th and the end of the month. Thus, depositing funds before the 5th of the month ensures that interest is earned on the maximum balance. Please note that while the interest is calculated monthly, it is credited annually, at the end of the financial year.
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