SECURE your future by INVESTING in the PPF with a few clicks on the iMobilePay app from ICICI Bank – Steps Explained
ICICI Bank PPF Account: If you are an ICICI Bank customer, you can secure your future with just a few clicks on your mobile phone. ICICI bank offers the advantage of investing in a public provident fund (PPF) with the help of iMobilePay. ICICI Bank recently tweeted from its official Twitter account regarding the process of investing in PPF using cell phones. For more details, one can connect to the official website of ICICI Bank at icicibank.com.
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ICICI Bank’s tweet reads: “Secure your future and grow your wealth with the Public Provident Fund (PPF). Manage your account digitally on the #iMobilePay app.” The tweet also informed about the facilities that can be managed digitally through the iMobilePay app. They are :
Secure your future and develop your wealth with the Public Provident Fund (PPF). Manage your account digitally on #iMobilePay application. You can:
define standing instructions
– ICICI Bank (@ICICIBank) August 5, 2021
1) Setting the standard instruction
2) Add funds
3) Download declarations
It should be noted that the PPF scheme is a long-term investment option offering an attractive interest rate and returns on the amount invested. The advantages of investing in PPF are:
1) It is a safe investment with government backing
2) There is a tax exemption of up to Rs 150,000 per year under section 80C
3) We can invest regularly with a minimum amount as low as Rs 500
4) The possibility of partial withdrawal is available after 5 years
5) There is assured growth of funds
It should be noted that an ICICI Bank customer will be able to open a PPF account using the iMobilePay application. In order to open a PPF account using the iMobilePay app, the following steps will need to be followed:
Step 1: An ICICI Bank customer will need to download the iMobilePay application and log in
2nd step: The customer will then have to click on the ‘Invest and Secure’ option then will have to select the PPF / NPS option below.
Step 3: Then the ICICI Bank customer will have to click on Apply Now
Step 4: The customer will then have to confirm on the general conditions
Step 5: The customer will then have to enter the initial deposit account and then select the debit account. The client will then have to select the option for the candidate and click on submit.
Step 6: Then, you must enter your Aadhaar number and click on continue
Step 7: Again, you have to enter the Aadhaar number and ask for the OTP
Step 8: After entering the OTP, click on submit
Step 9: Finally, once the e-verification is complete, click on confirm. The PPF account will be created and we can then view and download the application.
Now, to open a PPF account through the ICICI Bank website, you need to follow a few simple steps. They are as follows:
Step 1: You must log into the ICICI Bank website at icicibank.com
2nd step: The ICICI Bank customer must access the Bank account option and select PPF
Step 3: After that, you must enter the amount of your investment and click on continue
Step 4: You must complete the electronic signature process by entering the Aadhaar number and OTP
For any other question, you can connect to the official website of ICICI bank at icicibank.com