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Can we add PPF account as beneficiary in HDFC?

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Can we add PPF account as beneficiary in HDFC?

To make an online deposit, you must first add your PPF account as a beneficiary by logging into your NetBanking account. Once you have added your PPF account as a beneficiary, you can easily transfer funds via NetBanking or MobileBanking.

What is the beneficiary account type for PPF account?

You could add PPF account as Beneficiary. For example say you have PPF in State bank of India. This will have IFSC code which is unique for every bank and you have unique PPF number . While adding beneficiary for NEFT/ IMPS use the IFSC code of the bank and in field of account number use PPF number.

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How can I add PPF account as payee?

You can follow below process.

  1. Login to your internet banking with your login and password.
  2. Go to Payment section.
  3. Click on Add third party payee.
  4. Give your PPF Account number, IFSC Code of your bank account and submit.

How can I add beneficiary in HDFC mobile banking?

You can add the beneficiary following these steps:

  1. Log in to your HDFC NetBanking account or Mobile Bank application.
  2. Once you log in, click on the ‘Fund Transfer’ tab.
  3. You will see an option ‘Add Beneficiary’.
  4. You will be asked to enter the details of the beneficiary.

How can I add PPF account as beneficiary in Union bank of India?

How to Register a Beneficiary in Union Bank of India

  1. Visit the Union Bank portal and log in to the internet banking facility by providing username and password.
  2. Go to the ‘Transfers’ option and click on ‘NEFT/RTGS Transfers’
  3. Click on ‘Register Beneficiary’
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How long does it take to add beneficiary in HDFC?

The beneficiary will be activated after 30 minutes (due to security reasons). The Beneficiary can be viewed in the “View Beneficiary” option of the Enquire Section. Post activation of a beneficiary, Rs. 50,000 (in full or parts) can be transferred for the first 24 hours.

Can you add yourself as a beneficiary?

While you may think you can have anyone as a beneficiary, you can’t. A beneficiary must have an insurable interest.