Can we transfer PPF account from post office to bank online?
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Can we transfer PPF account from post office to bank online?
Both bank and post office PPF account holders can transfer their accounts from one bank to another, or from one post office branch to another or bank.
Is PPF interest rate same for all banks and post office?
PPF Interest Rates 2021-22 Being a Government of India-backed scheme, the interest rate of PPF account is maintained uniformly across all post offices and banks that offer the facility.
How can I transfer my PPF account to SBI?
To enable customers to transfer their existing PPF accounts to SBI, the following process must be followed….
- PPF account opening form (Form A )
- Nomination Form.
- Passport size photograph.
- Copy of PAN card/ form 60-61.
- ID proof and Residence proof as per Bank’s KYC norms.
How can I transfer my PPF account from post office to Axis Bank?
a. The PPF Account holder can transfer the account to Axis Bank. b. The customer will have to approach their Bank/Post Office for transfer of PPF Account to Axis bank and provide the details of Axis Bank Branch where he/she wishes to transfer the PPF account.
Which is better PPF in bank or post office?
Having a PPF account in banks or post offices is equally benefitting. Whether a PPF account is opened in a bank or post office, the scheme features remain the same. One should also consider that just like banks, post offices also offer online facilities to access PPF accounts and other government savings schemes.
Can I transfer my PPF account from post office to HDFC bank?
If you want to transfer your PPF account from a post office to a bank or across bank to bank along with your current PPF passbook, you need to submit a transfer application form at your current post office/bank branch. Also, request the receipt from the post office/bank of the transfer order.
Does post office open PPF account?
Eligibility criteria for opening a PPF account in a post office. Any individual who either works for a private company or is a pensioner or self-employed, or belongs to any other category, can open a PPF account in a post office. Only one PPF account can be opened per individual.
Which is best for PPF account post office or bank?
Whether a PPF account is opened in a bank or post office, the scheme features remain the same. Hence, opening a PPF account in both ways is safe and convenient. One should also consider that just like banks, post offices also offer online facilities to access PPF accounts and other government savings schemes.