Struggling to open a PPF account? ICICI Bank offers instant online service

Published On: 07, Dec 2017 | Source: business-standard.com

Private lender Bank Thursday said it has launched a service to allow customers to open a account online, eliminating the need for furnishing paper documents.

The service will enable customers to open a public (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 account. They can now conveniently open a account anytime, anywhere using the bank's channels of the Internet and mobile banking," it said in a statement.

The bank said it is the first lender in the country to introduce a fully and paperless procedure for opening a account.

The facility, available 24x7 and on all days, will require customers to log in to their internet or mobile and apply for a account.