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.