BusinessHow To Transfer PPF Account To Another Bank/Post Office
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How To Transfer PPF Account To Another Bank/Post Office
To transfer PPF account, investor has to submit transfer request form
The investor also has to submit a fresh set of KYC documents
To activate discontinued PPF account, pay minimum deposit of Rs 500
PPF account can be transferred from one authorised bank/post office to another.
Public provident fund (PPF) is one of the most popular savings instruments for retirement planning as well as tax savings. Post offices and authorised banks offer the facility of PPF deposits. But many investors find depositing into their PPF accounts a hassle as many financial institutions don't offer the facility of online deposits.
An individual can open only one PPF account on his or her own behalf. So due to the hassles of dep...