How can I transfer my PPF account from one state to another?

Specify the address of the bank branch to which you want to transfer your PPF account in the application form. Keep a photocopy of it for a proof of past transactions when submitting your PPF passbook to your current post office or bank branch. Also, request the receipt from the post office/bank of the transfer order.

Can we transfer PPF online?

Unlike banks where you can transfer funds online, the post office offers no such option to its investors. This is problematic as visiting a post office every time you want to invest can be a tedious affair. This could be a reason why someone would want to transfer their holdings in a post office PPF to a bank.

How to transfer your PPF account to another branch?

Submit an application form in your current bank branch to transfer your account to another branch. Do not forget to keep duplicates of your forms and passbook just to be sure later. Transfer of PPF account to another branch may take 7-10 days but it will not affect your interest count.

How much time does it take to transfer PPF?

The PPF transfer processing from takes up to one month. However, in case you want to continue investing in PPF with the same bank and just need to change the branch to a new area/city that you are relocating to, the process takes only up to seven working days.

Can you invest in PPF through the post office?

You can invest in PPF through banks and the post office. However, unlike banks where you can transfer funds online, the post office offers no such option to its investors. This is problematic as visiting a post office every time you want to invest can be a tedious affair.

How to open a PPF account in SBI?

The bank or post office will provide you with a form which is to be filled. The sample PPF form of SBI available online. Step 2 – The existing bank will then forward the certified copy of the account, the account opening application, nomination form, and specimen signature.