How to Transfer PPF Account

How to Transfer PPF Account?

It is possible to transfer a PPF account from a post office or from an authorised bank to another post office/ bank. Such PPF account will be considered as a continuing PPF account and account holder does not loose on any interest.

Following procedure needs to be followed to transfer an existing PPF account from one bank/post office to another bank/post office:

  • PPF account holder should submit a PPF transfer request in the bank/post office where PPF account is held.
  • The existing bank/post office will then send the original documents such as the account opening application form, nomination form, specimen signature etc. along with cheque/DD of the balance amount held in the PPF account to that bank branch address where account holder wants to transfer his PPF account as provided by him.
  • Account holder is then required to submit a fresh PPF account opening form (Form A), nomination form (Form E / Form F- for change of nomination) along with the original PPF passbook and fresh KYC to the new post office/bank where he wants to transfer his PPF account.

Upcoming Bank Holidays

2017 September 27 is a bank holiday in Andaman And Nicobar Island due to Durga Puja (Mahasaptami).
2017 September 28 is a bank holiday in Andaman And Nicobar Island due to Durga Puja (Mahastami).
2017 September 28 is a bank holiday in Jharkhand due to Mahashtami.
2017 September 29 is a bank holiday in Andaman And Nicobar Island due to Durga Puja/Ayudhapooja (Mahanavami).

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