[Resolved]  ICICI Ppf A / C — ICICI PPF A/c Nightmare

At time of opening account in 2006, was assured online PPF balance/transaction facility will be available. Now, to 2008, neither the facility has been provided, nor there is any helpdesk for ppf issues. The number mentioned on the PPF statement sent every year is never reachable. Once, a newcomer picked up the phone on this number and he was severely admonished by his peers in the background for picking up the phone.. Realizing his folly, he mumbled that he could not hear me speaking on the phone and kept the phone down abruptly. For transferring money or getting to know balance in my the PPF a/c I have been said by the ICICI Customer Service Representative that I can do it by visiting the ICICI branch (Nariman Point) where I opened the PPF a/c even if I am outstation or at internationl location or by sending a proxy in my place. Some weeks back, I was informed PPF account facility is discontinued by ICICI. Just because PPF rates are not profitable for ICICI they have significantly downgraded PPF experience.
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Aug 14, 2020
Complaint marked as Resolved 
 
25 Comments

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Thank you guys for the reviews i was just going to do that and thought of going at least one review before i go ahead.It saved my time

Biswajit
I was just about to invest in PP[censored]sing ICICI. got tempted with the online facility. But all you guys post saved me and will save a lot of ppl who are luck to see this post (silent prayer)... On a different note, i guess these ICICI guys are providing this facility - maybe to satisfy some regulatory norms...honestly, i dont think they are really interested in providing this facility to the customers..its better to go to a nationalised bank where the process is bit slow but u are safe with your money EOD.
I put up in noida and I had been planning to open ppf account with icici but after going through this page I have cancelled my idea. Thank you everyone for sharing your bad experience which saved me from doing this mistake.
I was planning in ICICI too as i already have an account. But so many bad experiences speak oodles about a service. So no ICICI for me. Thanks to all who put their precious time to write this.
See my dear friends.some info which is shared is correct but not all.recently icici had changed the processes and putting more focus on ppf account.now you can go to any near by branch in entire India and ask for ppf a/c statement.i had taken statement for almost 4 -5 times in different branches.everyThing should not come with full fledged facilities so we should compromise in some situations.one thing i like to highlight icici bank is just an agent to collect the money from the customer.everyThing is under control of RBI only. don't worry about your money even if icici discontinued ppf a/c once again.your a/c will not be lapsed it will be continued so dont be scared about the myths or rumours about ppf.my dear vimala das u can go for it.

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