PNB Launches Online PPF Account Opening Through Seamless Do-It-Yourself Journey

Punjab National Bank (PNB), India’s leading public sector bank, has launched an innovative online facility to open Public Provident Fund (PPF) accounts through a seamless Do-It-Yourself (DIY) digital journey. This service is available on the PNB One Mobile Banking App, Internet Banking, and the official PNB website, enabling both existing and new customers to open PPF accounts instantly and paperlessly, without visiting a branch.

The initiative reflects PNB’s commitment to digital transformation and financial inclusion by making long-term investment products more accessible to citizens across India. Through this new facility, customers can open a PPF account online anytime, anywhere — ensuring ease, convenience, and security.

Comprehensive Features for Enhanced Customer Experience

PNB’s new digital PPF account platform integrates a host of advanced features designed to simplify the investment process and improve user convenience:

• Built-in PPF Calculator: Interactive tool to estimate returns with adjustable investment amount and duration sliders.

• Video KYC Integration: Enables seamless and secure onboarding for new-to-bank customers.

• Multi-Authentication Options: Existing customers can log in using either their Customer ID or Account Number.

• Aadhaar Integration: Facilitates quick and secure verification using Aadhaar-based authentication.

• Real-time Payment Processing: Allows instant contribution through existing PNB accounts or payment gateways.

• Branch Selection Facility: Enables users to select preferred branches easily by state, district, or branch name.

Speaking on the launch, Suresh Kumar Rana, Chief General Manager (HO: BA & RM), PNB, said: “We are ensuring that the benefits of PPF reach every corner of our nation. This facility is a paperless process, and a new PPF account can be opened instantly from anywhere, at any time, using the bank’s online platforms.”

About Public Provident Fund (PPF)

The Public Provident Fund is a government-backed, long-term savings scheme offering tax-free returns and attractive interest rates. With PNB’s latest digital upgrade, customers can now invest, manage, and grow their PPF savings conveniently through a 100% online process.