PPF Account opening and closure services are being added in POSB eBanking platform from 28th August 2022. With this, a post office customer availing eBanking facility can open and close online RD (Recurring Deposit) Account, TD (Term Deposit) Account, NSC (National Savings Certificates), KVP (Kisan Vikas Patra) and PPF (Public Provident Fund) Accounts apart from other existing features.
Post Office Internet Banking user should follow the below prescribed procedure for opening and closure of PPF Account: -
(a) Procedure for opening of PPF through Post Office Internet Banking: -
Login into DOP Internet Banking
General Services
Service Requests
New Requests
PPF Account — Open a PPF Account (For PPF)
Deposit Amount (Enter Amount for which PPF to be opened minimum ₹500 and in multiple of ₹100)
Debit Account (Select linked PO Saving Account)
Click on ‘Click Here’ to read terms and conditions and accept terms and conditions
Submit online
Enter Transaction Password
Submit.
View/Download Deposit Receipt.
Note:-
(i) Login again to view the details of PPF opened under ‘Accounts’.
(ii) PPF will be opened in the name of DOP Internet Banking user and nominee will be same as registered in linked PO Savings Account.
(b) Procedure for Closure of PPF through India Post e-Banking: -
Login into DOP Internet Banking
General Services
Service Requests
New Requests
Closure of PPF Account
Deposit Account (Select PPF Account to be closed)
Credit Account (Select linked PO Saving Account)
Submit online
Enter Transaction Password
Submit.
View/Download Closure Receipt.
Note:
(i) Logout and login again to view the details of PPF closed Accounts.
(ii) Internet Banking user should check maturity date and maturity amount in the closure screen before submitting the request.
