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  #1  
July 21st, 2016, 04:03 PM
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Pay SBI PPF Online from ICICI

Hi I would like to have the information of transferring an PPF account from one bank or post office to another bank?
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  #2  
July 21st, 2016, 05:23 PM
Super Moderator
 
Join Date: Mar 2012
Re: Pay SBI PPF Online from ICICI

the information of transferring an PPF account from one bank or post office to another bank has been explained below.

Step 1: Ascertain the Bank office

Your initial step ought to be the finding out new mail station or bank for the PPF account exchange. Before applying for PPF account exchange, you should check whether the fancied bank office gives PPF office. Go to the bank or mail station and personal about the inevitable PPF account exchange. It will advance.

Step 2: Apply For PPF Account Transfer

Presently you have to visit the mail station or bank. However, before that, you should compose an application for PF exchange. In the application you should state reason of the exchange, Your PPF account, the bank office name, location and IFSC code. You ought to likewise sign the application.

Alongside this application the mail station will give you a record exchange structure to fill. In the structure you have to fill PPF A/C Number and Name of the Bank, Address of Branch, IFSC Code of the Bank BRANCH to which you need to exchange the PPF Account. You can download the record exchange type of the mail station.

You are likewise required to give an ID verification duplicate. It might be PAN, Aadhaar, Voter ID, Driving permit and so on. Sign the duplicate of the ID confirmation. The PPF passbook must be appended with the application.

Documets Required To Initiate the PPF account Transfer

Application in plain Paper

Account exchange structure

ID confirmation (Preferably PAN)

PPF Passbook

Step 3: Application Processing

The post or bank official will check your application and mark with their records. After the confirmation it will forward the application to back office to set up a DD or check. The DD or check will be sent alongside the your application and reports to the bank office where you need to exchange the record. This procedure may take just about 2 weeks.

Step 4: Visit The New Bank Branch

After the application spans to the transferee bank office. It might hint you. It is possible that, you can likewise ask to the bank office. After the application scopes to them, you ought to fill the structures and finish the KYC customs. Once more, you need to experience all the documentation of new PPF account. It implies you need to fill the structure, stick photos, fill the KYC shape and give a location verification and Identity confirmation. You likewise require the indication of two witnesses if chosen one is a minor.

Documets Required for PPF Account exchange

PPF account opening structure

KYC structure

Client relationship structure (In a few banks)

3 photos

Character evidence

Address confirmation

Step 5: Get The Passbook

You won't get the passbook instantly. It will take another week to issue the passbook. In the passbook, you will see the past parity passage as the 'equalization exchange'. It would be a solitary section. On the off chance that you need the subtle elements of your past exchange, it is ideal to keep duplicates of your past passbook.

Ventures for online exchange to your PPF Account

Taking after is the orderly procedure for online move of assets into your PPF account.

Include your PPF Account (opened in a bank) as a recipient into your web managing an account module. The payee name and the PPF account number ought to coordinate precisely with that specified in your PPF account.

Select the bank office in which your PPF record is kept up. For instance, if your PPF record is in State Bank of India then specify SBI and the comparing branch name

Enter payee account number as your PPF account number

Once, the aforementioned points of interest are filled in and presented, your PPF record will be included as an outsider record. You can now exchange reserves from your web saving money record to your PPF account by means of the standard web managing an account procedure.


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