ICICI Bank Thursday Dec 07,2017 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 24x7 and on all days, will require customers to login to their
internet banking or mobile banking and apply for a PPF account.
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