Online transfer to your Public Provident Fund (PPF) account

Do you want to invest in your Public Provident Fund (PPF) account online without going to the bank physically? If YES, then there is a good news for you. You can transfer money to your Public Provident Fund Online netbanking. Whatever we are going to talk in this article is applicable to Public Provident fund in State bank of India. If you have a PPF account in post office of other banks , then first you will have to transfer your PPF account to SBI and then you can add your PPF account to your bank account as beneficiary and then transfer the money to PPF account anytime with a click ! .

Please note that this online transfer is possible only if the PPF account is at SBI , if it is opened at Post Office , then it would not be possible, because only SBI is authorised to get online payments for PPF.  Many people have their PPF , spouse PPF and children PPF account, they can add any number of PPF accounts for online payment.

Steps for Online Transfer in PPF account

Step 1 : Add Public Provident Fund account as Beneficiary Account

The first step is to add your PPF account to your Bank account as third-party so that you can do a money transfer to them. I am using ICICI account screenshots, but all the steps must be same for other banks also.

Public Provident Fund Online

Step 2 : Choose the SBI branch Address

Next step is to choose the exact location of the BANK where the account was open . Note that if you opened a PPF account at a SBI branch where netbanking is not available , it will not be listed.

Public Provident Fund Online

The best thing about have the bank account and PPF account linked is that you can also view the PPF details and balance at a single place .

Step 3 : Add your PPF account as the Payee Account number

The last step is to add your PPF account as the Payee Account number and then click on the confirmation link . In ICICI you will first get an activation code which you will have to put to activate the account for first time .

Public Provident Fund Online
Once you have completed these 3 steps you can see your PPF account as the 3rd party account where you can transfer the money just like you send it to any account.

Steps for State Bank of India (SBI)

Option 1 : If your PPF account and Bank account is at same branch

Incase you have your PPF account and SBI bank at the same branch, then you can see your PPF account already linked with your Bank account and you can transfer the money. Prasoon shares his personal experience

I already had an account in SBI, New Delhi. I went to SBI, Hyderabad for opening a PPF account. They asked for existing SBI account number, which I provided. Also, I submitted PAN card and Bank statement copy as proof documents. It took some 15-20 minutes to get a PPF passbook.

Now a pleasant surprise –

When I came back home and logged with my saving account user ID, I was able to see my PPF account under account section. I was able to see transaction I have done till then.

Also, there is no need to add PPF account as Third Party in this case. As the PPF account appears as separate account, I can transfer amount using fund transfer (not third-party transfer). Good thing is that, this transaction is real-time and the PPF account gets updated at the same time. Also, I am able to download statements, just like with normal account.

If you are not able to see the PPF account as “linked account” , then call customer care and ask them to activate it, if that does not work , then try to add your PPF account as the beneficiary account like I explained above . If even that does not work then try to go to your branch and then ask them to link the account to your bank account.

Option 2 : If your PPF account and Bank account are NOT at same branch

If your SBI Bank account and PPF account are not in same branch/city , then as the first step you can try to add your PPF account to your Bank account as third-party to do a money transfer. If that does not work then you can go to your Branch and ask them to link your PPF account to your bank account . Mostly this should work.

Netbanking works with all the Banks

As of now we know that this online transfer is working with ICICI , SBI , IDBI , Bank Of Baroda , IDBI bak, Union Bank of India . So with this information we can conclude that any bank which supports NEFT transaction can be used to transfer the money to SBI PPF account, by adding it as third party beneficiary. Let us know if this works for you.

But your Public Provident Fund account is not in SBI ?

Incase your PPF account is with Post Office or a non-SBI bank ,then may be its a great time to transfer your PPF account to SBI account ,all you need to do is submit a form for transfer of your PPF account. It will be one time task , so do it .

How to claim tax benefits

If you transfer the money to your PPF account online then you can do two things . First is to get your PPF passbook updated at your branch about the money transfer , you will get the PPF passbook updated and show it as your proof for claiming tax benefits. The other thing you can do is take the print out of your bank statement which will show the credit of the money to your PPF account. I am not sure but may be this is possible with SBI bank only . You can use this statement as proof to claim tax benefit.

NRI’s should make use of this online transfer facility

I think the best use of this facility can be made by NRI’s , who are already have a Public Provident Fund account , but could not go to bank branch to invest in PPF and waiting for information like this.

Just try this option with Rs 500

If you are wondering if this whole netbanking will work or not , I can tell you that there are countless number of investors already doing this and I am sure you will hear from other fellow readers that they are already doing this. It would be a great idea to test this by adding your PPF account and then test a transfer of Rs 500 and confirm once that it really got transferred .

Where you looking for information like this ? Will you test this with your Public provident Fund account and do a test transfer ! , please update your comments about it in comments section .

Thanks to Jayaprakash for sending me these screenshots and also confirming that he was able to transfer money from his ICICI bank to his PPF account.

567 CommentsAdd Comment

  1. My SBI-savings-account and PPF-account are in separate SBI branches. I successfully use online transfer to PPF-account.
    However, I still have a problem. I cannot monitor my PPF account online. That is, I can transfer the money to my PPF account but cannot check online whether the money has indeed been transferred. Or for that matter, I cannot check how much interest I have received and what is my final balance in my PPF account.
    To be able to view my PPF account online, I am supposed to visit my PPF-SBI branch and get it sorted (Its a pain, I tried once and failed). As a backup, I visit an SBI near my house and pay them a fee (I guess it is 10Rs) to update my PPF passbook.

    • Hi Sambaran,
      I think you should ask your PPF holding SBI brach for an online access. If they are reluctant, then just open one savings a/c with them(1k mim deposit wala) and ask for online access again. Once you have it, just ask to add you PPF a/c to that online access. I did it that way :)

      • Chennaivaasi

        In SBI, you cannot get online access of accounts unless you have a savings account atleast to the extent I was aware of (especially for individual account holders).

        Once you open a Savings account, you should be able to see the PPF account as well (as long as it is under the same customer id).

        I have also been using this online transfer for the past several years (atleast since 2005).

        • Nitin Sontakke

          Hello Chennaivaasi,

          Not necessarily so. I don’t have savings account with SBI and still access PPF account online.

          Only caveat is that your access will be read-only.

          Hope it helps.

          • Giridhar

            Hi Nitin,
            What you are saying is that you just have a PPF account with SBI and you are able to access (view) it online. Many other posters have said it is not possible, so wanted to reconfirm it.
            If it so , Manish it would be worth updating article with this info
            thanks

            • Giridhar

              The viewing is only possible if you have linked your SBI PPF with SBI BANK ACCOUNT , if you have bank other than SBI , then you will only be able to transfer the money , not VIEW it

              Manish

              • Ganpat

                Manish,

                I read your article and did apply for transfer of my post office PPF account to SBI and got the account created last week. I also got the SBI internet banking user id/password to access the PPF balance online and it has read access and I don’t have SBI savings account. The problem I am facing currently is that I transferred money from my ICICI a/c today, but the money got returned back. I am not sure why.

                • Ok , so you are saying that you followed the full procedure , but still the money is coming back ? Are you sure you have entered the right IFSC code for the branch where you have the PPF account ? Ideally this should not return !

                  • Ganpat

                    Hi Manish,

                    Yesterday I deleted the beneficiary from my ICICI a/c and added SBI a/c again. I transferred Rs.500/- today from my ICICI to SBI and it got credited into my SBI PPF a/c. So it works finally. The thing I did different the first time was, I transferred Rs.1317/- from my ICICI to my SBI PPF and the money got returned back. Today it works with Rs.500/-. Is it that we need to transfer in multiples of Rs.500? or is it working because I added the beneficiary again, though I am 100% sure I gave the correct IFSC code and A/C number details correctly the first time. Anyway thanks a lot, because only after reading your article, I went to the post office and applied for transferring to SBI and then followed the procedure to create PPF in SBI.

                    • Ganpat

                      Hi Manish,

                      Yesterday I transferred Rs.817/- from my ICICI a/c to SBI PPF account and the money got returned back. It worked for Rs.500 the previous time. I guess the amount should be in multiples of Rs.500/-. Can you verify that?

                    • Ganpat

                      Hi Manish,

                      Finally it’s confirmed. It works only for multiples of Rs.500/-.

                      Today morning, I initiated two transfers (Rs.1000 and Rs.817) from my ICICI A/C to my SBI PPF A/c. The amount Rs.1000/- got credited to my SBI PPF successfully, but the amount Rs.817 got returned back.

                      This proves my statement.

                    • sonal

                      Hi Manish,
                      I have a PPF account in bank of India. I tried to do a third party transfer from Hdfc to PPF account but i got the refund amount. I’m not sure what went wrong the message I got was account does not exists. Is it because the BOI PPF account number is of 4 digits. However even on my PPF passbook its that 4 digit number only.
                      Please help at the earliest if possible. Thanks

                    • Varun

                      Hi Manish,

                      As a test, I successfully transferred Rs. 100, from my HDFC savings account to my SBI PPF account, online through NEFT. I just had to add my SBI PPF account details just like any other savings account, under the beneficiaries list for Third party Transfer, in my HDFC netbanking page. It worked ! I also think that it will work for any bank that supports online transfer through NEFT. You just need to enter all correct details like Account number, IFSC code,etc when you add the account.

                      And of course, the people at SBI were not aware that this is possible. They told me to inform them in case it works ! :)

                      Thanks.

                    • Sachin

                      Hi Ganpat,

                      Can you try with a multiple of 10, say Rs. 1310. PPF investments can be made in multiples of Rs. 10, so I guess if you try the online transfer with an amount that is a multiple of 10 it should work.

                      Thanks,
                      Sachin

              • Satheesh

                Hello manish,

                I have the SBI savings & PPF account in two different branches.

                How do i can view the PPF balance online?

        • PRAWEEN

          My PPF account and saving bank accounts are in different SBIs but in the same city. I have added PPF account as beneficiary in my saving bank account and able to do the transactions. But I am not able to watch the PPF statement account thro’ net banking of my saving bank account. How can see my PPF account on line?

  2. Vivekanand

    This is informative. I have been following this approach for 3 years now. It works fine, and you can verify the same when you update your ppf passbook at a nearby branch.
    The big plus of the approach is that you can transfer funds at your convenience right at the beginning of the year – this allows you to earn interest for the whole year!

    • Vivekanand

      Thanks for confirmation that its working ..

      Just one point for you . PPF interest is calculated on monthly basis on the YEARLY Amount . so yes putting money in start of the year helps , but if you delay is by 1-2 months .. the impact wont be high enough

      Manish

      • Vivekanand

        I didn’t know that the interest is calculated on a monthly basis.
        I thought that with the RBI’s recent impetus on making every day count for interest calculations, PPF too would be in the same league.

        That’s news to me. Thanks for the info.

      • Vivek

        Hi Manish,
        The article and the discussion/comments provide very helpful information … Thanks a lot for this.
        Regarding your comment above, I have 2 doubts –
        1. Can you please elaborate on … “PPF interest is calculated on monthly basis on the YEARLY Amount” ? What is the “YEARLY” amount here? Is it the amount available in the account at end of previous Financial Year?

        2. By interest “calculated on monthly basis” do you mean that it is compounded monthly ? I understand it is actually compounded annually – in which case does it matter much if the interest is just “calculated” monthly? (except to serve purpose of informing you monthly interest amount?)

        • Vivek

          1. Yea , its the balance at the end of the previos year

          2. NO , it is not compounded yearly. You will get simple intest for 12 months and then the yearly interest will be added to PPF.

          Manish

          • dr kishan

            Dear Manish
            Slight correction here. the interest is calculated on monthly basis on the least balance between 5th and end of the month. but it is not credited to the account on monthly basis but is credited on yearly basis.

            see point 8

  3. Abhijit

    Thanks for the great article, Just wanted to know more in detail about the PPF A/c Transfer process from Other bank to SBI.

    • Abhijit

      we dont have much info and examples of OTHER Banks – PPF in SBI .. I would suggest you to try to do the 3rd party transfer to your PPF account by adding it .. And if successful , then try to transfer 500 to it

      Manish

      • Aditya

        I am maintaining my PPF account in Bank of Baroda where online PPF account facility is not available. Can I open one more PPF account in SBI to make all my transfers online?

        • Aditya

          No, you can not open one more PPF account . one person can open only one PPF , the first thing you should try is to add your PPF as third party in your online account and see if its getting added and you can transfer the money , if that goes well , fine .. else the next step can be to transfer your PPF to SBI and then follow what I said in article

          Manish

        • Jayaprakash Kanreddy

          Aditya,

          Bank of Baroda branch where you have PPF account should be in RBI’s NEFT branches list to try online transfer. If this branch is available to add a beneficiary of that branch, then try a 500 transfer if it is successful and amount not returned back to your account in next 5 days, then it is possible with that branch and you can update your passbook to confirm that. By the way, to make online transfer, PPF account is not required to be an online account. Hope this helps.

            • Jayaprakash Kanreddy

              Yes, that is exactly what I wanted to say in above comment. All the banks which are providing PPF facility and that particular branch is part of RBI’s NEFT transfer branches list, then I think online transfer should be possible. Another observation is; if PPF account number series is similar to the savings account series in that branch, then we can guess that this transfer is possible. This is just my observation not official statement from any bank.

              In the branch where I have my PPF account, is having same series for PPF account and savings account numbers. Also I have seen couple of PPF accounts in other nationalized banks where PPF account number series is different from savings account number series (number of digits different) and online transfer to that account was not possible even though that branch is in NEFT list.

  4. K.K. Mittal

    Hiii I am having my PPF a/c in PNB and Saving a/c. in Axis bank with third party transfer facility shall i do online transfer to the same.

  5. Shobha

    hi,

    I have my PPF account with ICICI along with my Saving account at same Branch.

    Let me try adding and transfering money. Will update.

    Regards
    Shobha

  6. kviyer

    I have been transferring from my salary a/c with sbi to PPF a/c in another sbi branch regularly for last many years.The on line transaction of SBI is fast , error free and very useful. All utility bills are paid on line with click with no issues in the last 3 years…….i would recomend this for speed, precision and ease.

    • Kviyer

      Good to hear that .. can you let us know if you can also see your PPF account linked in your SBI bank and see the balance in PPF online ? If you have done this,. how did you achieve it ?

      Manish

      • kviyer

        No. i have transferred as third party & third party a/c are not tagged .
        But in case you submit an application to sbi ( Manual) to tag this account , i presume it is feasible. At the least they will give you another access code for seeing the balance treating the same as a separate account.However i have not tried this.

  7. Chennaivaasi

    Manish – May be you can take it up with some consumer rights agencies.

    ICICI has permission to open PPF account. However, they don’t have PPF account opening form online or in all the branches. Only one branch is designated to open,maintain and collect PPF deposits in a big city like chennai. Even if you go requesting for a form, invariably you are turned over with lame excuses like the officer managing the desk is on leave, we are out of forms etc.,

    Ultimately, if you convince them to open an account, you will hear the marketing stuff of why don’t you invest the amount in ULIPs blah blah… Additionally, if the money is deposited by a customer directly, there should be no commission cost fr the government whatsoever. ICICI by default marks it with a agent code to palm off that commission as well.

    Worst of all, you cannot link it with your existing Savings account to transact online with them :-((..

    In short, ICICI just do not want to do this public service.

    • Chennaivaasi

      yea . they do not want to encourage it like SBI and I am sure its because its not a bank like SBI which is of govt itself .. So they need to have a strong monitery benefit for doing anything ..

      Manish

  8. Kalyani

    hi… this is not possible from ICICI to non ICICI branch or even BOB (where I have both my PPF and SB accounts). If anyone has info on how to do PPF linkages in BoB, pl share the process.

    thx

  9. Hemant

    Dear Manish,
    Though this may seem to be an ordinary peice of information to a select few who were aware of this facility and may be utsilising it too, it is in fact an eye opener for the majority like me who were looking forward to such facility for quite some time. I belong to SBI-PPF & non-ICICI/non-SBI savings category and hope it works for me.
    Thanks a lot
    Hemant

    • Hemant

      Yes I know that … A lot of people are not aware of it , but the problem is that they also never search for things like this , people who already know about this like Raja have the hunger to know more and more and they read a lot about these things .. so they know about it :) . Good that you have known this info now , better act fast and not let this excitement drain down :)

      Manish

      • sachin

        ya i also don’t know about it as my father used to manage , but now i will have to do it so i searched about it and get this useful info , thanks everyone for sharing this wonderful info…

  10. prabe

    Mainsh,

    Let me know if my understanding is right.

    I have PPF in Post office opened in 2010.
    I dont have a SBI ac.
    I have ICICI savings ac.

    Now in order to make online deposit possible.

    I have to goto SBI fill the transfer form.Once the transfer is completed.I can add that account to ICICI NEFT to put money in PPF with SBI.

    I dont need to have SBI ac for this.they will hold PPF without a account with them?

    • Prabeesh

      Yes, your understanding is correect .. you can transfer your PPF account to SBI and then link it with ICICI . Also note that when you go to open a new PPF account in SBI , some branches generally go after you to open a SBI account, but as this is just a transfer, mostly you should not face it .. incase you do , my suggestion would be to just open a Account in SBI for time being, transfer the PPF and then later close the bank account if you dont need to

      Manish

  11. umesh

    i have PPF acc.in post office, how i can shift it to SBI as i am SBI Saving ac. holder it will be good for me.
    secondly can i invest upto 1 lakh this year according to the recent guidelins?
    please make it clear

  12. Mithun

    I have a salary and PPF accounts in IDBI. The IDBI rep. had once told me that online payment is not possible. The reason why many banks are not extending the online mode is that perhaps PPF deposits are used entirely by the GOI and the dsignated banks are just a collecting medium and hence have no benefit therefrom! Correct me if I am wrong!

    • Mithun

      A lot of times these sales rep do not know all these things .. you can transfer your PPF to SBI and then link it with your IDBI account .. I am not confirming but it should work, try this and let us know

      Manish

  13. ravindra

    if you can not transfer through net banking, you can transfer money through NEFT transfer from your bank account to concerned SBI branch where your PPF account exists with minimal charges. For this you have to visit your branch, where saving bank account is maintained

  14. Raj

    Manish,

    I have SBI saving A/c and SBI PPF A/c. I can transfer amount to PPF A/c within 05 seconds, its very easy.

    Requesting you to provide EXCEL sheet of PPF with formulas.
    Thanks a lot

    -Raj

  15. sanjeev

    Hi Manish,
    i was able to transfer from Axis bank by the way you have suggested. i was curious to know what is the difference in interest calculation between depositing on Jan 2011 and Dec 2011.Thx
    Sanjeev

  16. nixon

    Hi Manish,

    Thanks for the wonderful information. I have one doubt- I have PPF account in Indian bank and the net banking is showing PPF statement. If i want to claim tax benefit, will it be ok to take a print out or should i have the bank managers signature in them? If i need the signature, then it makes no sense for online payment as anyway i have to go to the branch. But having said that, if i want to quickly put money in the PPF account (eg last date) then this will be very useful.

    Regards,
    Nixon

  17. sunil

    hi manish, thanks for the info nut also let me add that u dont need to have an account with thesame bank. you csn trf even if you have an account with other bank. like i trc the ppf which is with sbi through mu idbi account. i dont know jow many know this

  18. Amit

    Dear Manish!!!
    Few queries..pl answer
    1. Can a PPF account be opened in name of Minor with Grand Parents as his/her guardian??
    2. If minor has PPF account with father as guardian and father does not need to show the PPF contribution to his child as his savings in IT return..then cant he fill the full quota in his as well as his child PPF account without inviting any trouble????

    • Asif

      Amit,

      Regarding your 2nd point, I guess you can fill the full quota in your and childs PPF a/c but you can only claim tax benefit upto 1 Lac combined of both a/c.
      I see no trouble in this one as you are not claiming the tax benefit for both.
      your views welcome!

      • Amit

        @ Asif : It seems logical to me….it means following scenario is possible …Ramesh has two children….bunty and shunty…age 1 year & 3 years respectively….Ramesh opens three PPF accounts …one in his own name and opened few years earlier and two others with his children name at present( with same PAN card only)….fill the full quota in all three accounts(at present 1 lakh per account)…do what ever with his own account(two 5 yrs extension etc)…and transfer his child account in their own name once they become Major…bunty after 17 yrs and shunty after 15 yrs….clean interest free money for himself and his children.
        Manish ur comment pl!!!!!

  19. Giridhar

    Manish and jagomember who shared this info with you,
    Thanks a lot for this peice of information. I am NRI, as you say, it will help me a lot.

  20. Shyam

    How can I change the PF account from one branch to another branch?
    Last time I spoke to SBI branch manager, he told it cannot be possible.

  21. Sandeep

    Hi Manish,

    I would like to open PPF account but currently I am not in India.
    Is it possible to open PPF account online?
    or Is there any way to open an account?

    -Sandeep

    • Sandeep

      I am assuming that you are an NRI as you said that you are outside India, NRI’s can NOT open a fresh account . they can only contribute to an already opened PPF account, so now you will have to wait till you come to India as resident

      Manish

      • Vanga Rajendra Prasad

        Manish
        NRIs can not open new PPF ac. I know it is a printing mistake only in your above words. On 17th only I wrote about PPF in my column. That is why I remember this. I wonder and glad to know so many responses in 2 days for your words.

  22. Devesh

    Dear Manish
    Can i online transfer money from my SBI account to wife PPF account.Her PPF account is also in SBI.Actually i had tried to add her account for third party transfer but it is not approved by the Bank.

  23. Devesh

    When i am going to add wife PPF account in third party as max. transfer limit set as 1 lakh.It was added & i approve the beneficiary by entring the password which was sent on my mobile.But the status showing in the third party list is “verification pending”.
    After 7 to 8 hour , i again checked the third party list to transfer the amount.The PPF account is not showing in the Third party list .I think it was not approve by the bank and deleted from the list.

  24. Vanitha

    I want to open a PPF account along with a Savings SBI account. Can you tell when is the best time to open now? either after March 2012 or before?

      • Manish, thanks for the idea. I think it would be tedious job to do that. right?

        one more thing, do you have any idea how can we change existing nominee for PPF account?

        • Sreedhar

          Its not that tedious , you will have to fill up a transfer form at SBI bank , more than tedious you should see that its ONE TIME TASK . One time issue , life bhar ka aaram

          To change the nominee you need to fill up a form , ask your PPF branch on this

          Manish

  25. Ajay

    I had one basic question with respect to PPF..
    When is the actual calculated for the amount deposited?
    lets say I deposit 500 rupees every month from April to next Year March.
    Is it calculated for every month? If so can I know the dates? If not can I know how the compounding actually works?

    • Anand

      For each month, the lowest from 5th to end of that month is taken as principal.

      On 31st March, such principal for every month is taken and interest is calculated for each month. These 12 interest figures (for 12 months) are added and then that amount is added to PPF balance.

      If you deposit 4500 Rs every month (before 5th), then calculation is as follows:

      i am assuming 8% interest for ease of calculation. Now it is 8.6%, Dec 2011 onwards.

      Month: Principal:Interest

      Apr 4500 30
      May 9000 60
      Jun 13500 90
      Jul 18000 120
      Aug 22500 150
      Sep 27000 180
      Oct 31500 210
      Nov 36000 240
      Dec 40500 270
      Jan 45000 300
      Feb 49500 330
      Mar 54000 360

      On 31st March, addition of all interests i.e. 2340 is added to PPF balance.
      Balance becomes 56340.
      And on this balance we start earning interest from 1st April onwards.

      Hope it is clear now.

  26. Anand

    Hi,

    If i invest INR 30,000 between Jan 2nd – Jan 5th 2012, can i earn interest rate of 8.6% on this amount at the end of the financial year, so that total amount with interest will become 32,580 on March 31st 2012?

  27. smitha

    Hi,

    Once again a very informative article. Could you clarify a doubt regarding PPF. The limit has been upped to Rs1,00,000. But is it valid for this financial year 2011-12. I had already put the earlier limit of Rs70,000. As per the new limits can i put in the rest of the Rs30,000 as well?

  28. LLN

    Hi Manish,

    This article is very informative.

    I have a PPF a/c that was opened in SBI Branch, Blore, by an LIC Agent on my behalf. He deposited Rs.500/- in that account and handed over the passbook to me 5 years ago. Since then, I did not get chance to go to the bank branch to deposit amount further. After seeing your blog, I gained confidence that I can transfer the amount to PPF account online.

    The LIC agent (who also does the work of opening PPF a/c for his LIC customers),
    told me that I have to inform him everytime I deposit any further amount. Why do I have to inform him? does this subsequent deposits to my account earn him any commission?

    Can I continue the same account for further deposits, that the agent opened on my behalf? or do you foresee any issues with this acccount? or do you suggest opening another account on my name and proceed with it?

    Thank You
    LLN

  29. Jayaprakash Kanreddy

    Dear LLN,

    In PPF account, every year one need to deposit minimum of 500, if not done, then that account will be inactive. In order to make it active you need to go to the same branch and activate it by paying penalty of 50rs for each year and that year’s contribution of 500rs. If your account is inactive for 4 yrs then the penalty will be around 500rs (compounding penalty)

    Until you pay this penalty and make it active neither you can transfer money to this account nor you can directly deposit money in this account through any of the SBI branches. Its a simple process of activation if you go to the branch.

    Regarding other questions, if you inform your agent then he might get the commission if you deposit the amount directly in the branch by filling the deposit form and mentioning your agents number on that form. If you transfer online no one will get the commission.

    Regarding keeping the account, it is advisable to contact the branch and find out whether all the details provided while opening the account are correct (agents never bother to fill in all the details), if not update them (Nominee, savings account number and address etc). if they are correct, then I would suggest going ahead and activating the account and use online transfer to keep that account work for you in future.

    Hope this helps.

    – Jayaprakash

    • LLN

      Hi JayaPrakash,

      Thank you so much for your answers.

      What would be the best option among the following:

      Option 1. Pay penalty of Rs.50/- for each year and pay the pending min.deposit of Rs.500/- for all the years. Does this option benefit me in terms of interest? When agent opened the account on my behalf, he himself paid Rs.500/- from his pocket, and I did not get chance to pay him back that amount.

      Option2: Open a fresh account and make a deposit keep this account going-forward. How long does it take to open the account and make it accessible to me online. Do I need to have SBI savings account to have online access to my PPF account?

      Another question: Are the returns, after maturity of 15 years term, taxable or tax-free? The Rate of Interest on PPF investments vary from year to year or every year it is fixed?

      Thank You
      LLN

      • LLN

        Your case look very simple to me .. You need to follow these steps

        1. Go to branch once and check if the details provided in the PPF account are yours only . I mean the agent has not given his own details and just asking you to pay for him (assuming you will never come to know)

        2. If the details are not yours , then you dont have a PPF account at all .. you start fresh and open a PPF account for yourself

        3. Incase the details are totally correct , then forget your agent now and just make sure you revive the account by paying the penalty and then do the procedures which can help you putting money online .

        Manish

  30. Jayaprakash Kanreddy

    That’s a good question, but unfortunately I dont think I’m right person to answer this. Regarding opening another PPF account; I think this is not possible. May be manish will advise you on this.

    There is one benefit in continuing the existing account. PPF account maturity is after 15 years, so if you start investing in it now, you have to wait only for 10years to get the benefits.

    At the moment maturity benefits are non-taxable. Even in the proposed DTC it is tax-free. You never know about future finance ministers. Rate of interest depends on government. For any financial year it is fixed.

  31. Rajesh Negi

    Could you help me to tell that is there any option to withdraw the money in between of completion the duration. if yes what is the %?

      • Sanghmitra

        Hi Manish,

        I have read it that withdrawal can be done any time after ‘the expiry of five years from the end of the year in which the initial subscription was made’ i.e. from 6th year …
        Has there been any change to same?

        Regards
        Sanghmitra

  32. Nilanjan

    Thanks A lot Manish.
    All the info helps and helps a lot :)

    Just one query, do i have to physically visit the branch where I have opened the PPF a/c
    after 15 years when I want to withdraw the whole amount?

  33. AMIT DOSHI

    Hi Manish,

    Thanx for the nice post and based on the same I acted on it wrt PPF account of my minor son with SBI. His bank account is with HDFC Bank and as per the steps guided by you, added SBI PPF account as Third Party Beneficiary and transferred Rs 500/. Today I got an updated Passbook and happy to inform you that Rs 500/ got credited to his PPF Account with his facility of online transfer.

    So Now even HDFC bank has also supported this transfer apart from ICICI.

    Once again thanx for the feedback and now there is no need to depend on agent.

  34. Akhil

    Hi Manish,

    Could you confirm this and elaborate this more.

    Invest in Spouse Name To Increase Investment

    http://pf.sdoye.com/2011/03/ppf-public-provident-fund-maximize-benefits/

    Open PPF account in your spouse name and invest Rs 70,000 per year. The return from spouse’s PPF investment will be clubbed with your income for taxation as per income tax laws for money gifted to spouse. As the return for PPF is tax free, the clubbed return does not impact or increase your taxation. This is a smart way to invest Rs 1.4 lakh per year, Rs 70,000 each into your and your spouse’s PPF accounts

    Thanks & Regards,
    Akhil

  35. Karthikraja

    Hi
    i am having PPF and SB account in same SBI Branch. But i also have another SBI account in another branch. irrespective of any branch, you can transfer the money as linked way or third party. And you can generate PPFe-Receipt any time from online sbi banking in account staement page. it is fast convenient way of claiming tax benefits.

  36. nimesh shah

    while selecting the branch I am not able to locate the branch in which I have opened the PPF account. Its not listed.

    Any idea what should I do.

    • Himanshu

      DO you really mean PPF account ? or EPF ? Becuase if its PPF account , then you can just go to the bank branch and see the details .. I hope you are talking about your own PPF account and not some one else PPF :)

      Manish

  37. Narsing

    Thanks for this information. I was able to transfer 5K from my IDBI account to SBI-PPF account thru online facility using the NEFT transfer. This really helps and make my day a bit easier to live.

    Thanks for this site…

    Rgds,Narsing

  38. chittibabu

    hi Manish,

    I am having PPF account in SBH, is it possible to transfer aamount from ICICI bank online account?

    Chittibabu

  39. Pradeep Borah

    Apart from PPF and other instruments, you can make part payment of your home loan or loan EMIs through NEFT also. Well I am doing NEFT transfer to my OBC Home loan a/c every month. Initailly it was paid through post-dated cheque.

  40. Girish

    Hi Manish,

    I have a PPF account in SBI but different branch from where I have the savings account. Have been doing online transfers for the past 2-3 years. The only difference is I have set up the PPF account as Third party transfers rather than Inter bank transfers. Very recently I got the online account for the PPF and can now view the account balance.

  41. Naveej

    Good Info. Thanks. I have a question though.

    If you transfer online, how do you get the receipt to be shown for IT proofs, especially if you have to show the proof to your employer to claim the deductions through 80c

    • Pradeep Borah

      If you have a net banking access to SBI a/c. And you PPF a/c is visible or added to your a/c then you can generate a statement of your PPF a/c online. Otherwise you need to update your PPF passbook or visit your branch.

    • Girish

      Naveej,

      When you do an online tranfer (atleast through SBI) you get the transation id. Open up the transaction and you will have an option to print the page. This is sufficient as proof for the PPF payment.

  42. Satish

    Can I transfer my PF acc amount to the PPF acc and can Show the total amount as savings to the income tax department (saving toward 1Lac.)

  43. Hitesh

    Dear manish,

    I am having a hdfc savings account. i want to add a beneficiary online for my ppf account. I have following queries
    1. What should i write against ‘account type” ? . the options are, savings, current, nre, loan , card payment .
    2. Also it requires a ifsc code, so do i put the code corresponding to my sbi branch where i have my ppf account ?

    Thanks
    hitesh

  44. Ajay

    it’s really amazing & great information for all PPF account holders who don’t want to visit the bank for depositing there money in PPF….i tried the same and its working nicely….thanks..

  45. Ajay

    I have one query

    My PPF account with SBI is at different town.
    Suppose I transfer money from HDFC account to PPF account situated in other city.
    Can I update my PPF passbook at any other SBI branch located in other city which is different from the branch where I hold my PPF acount .

  46. sarika

    Hi!
    I have a question, I have deposited 70000 in dec , my advsior opened the ppf a/c in pnb i do have any account in pnb please help to get it streamlined also pnb still do not offer Online payments . I went to the bank to collect the payment receipt they told me there is no passbook that is updated now only provided a receipt with statament

  47. Phani

    Hi Manish,

    Thanks a lot for this article. I wish i knew this before only. My corpus would have been better in future :(.
    I congratulate you in choosing topics of real interest and actual problems of investors for your blog.

    Best Regards

  48. sudhank

    I have opened PPF account (feb 2011) in hurry through agent for urgent tax saving and agent opened it in union bank of india. PPF account number is also in only 4 digits not around 15 digits even when account is in main branch of ahmedabad city.

    I deposited 20,000 rs through cheque in other branch of union bank of india in ahmedabad itself and got a proof slip. I showed it in my document proof to the company and it worked.

    Funny part was that, after 2 days, that agent called me up because on pass book his name and number was stamped on the back side of pass book and told that amount is wrongly deposited in other branch and i should took my cheque back and deposit it in that particular main branch where my ppf account has been opened.

    My cheque got cleared on same day and now i wanted to check that whether money was in my ppf acc only or in somewhere else so to update my pass book when i visited one another branch of union bank of india i came to know that even pass book can be updated only in the branch where account has been opened.

    After knowing the possibility of online transaction in SBI i brought a form from SBI but they told that first i have to close PPF account in union bank only than SBI will open PPF account here. My friend has opened saving acc, ppf account and home loan account in sbi and he is able to see all accounts online at a time.
    Anyways..few pain is needed sometimes !!

    • Sudhank

      I can see that you did things in hurry because you did things when it became urgent , if you would have taken these actions after doing some 1-2 hours of reading .. you could have saved hours and hours and days of pain ..

      Manish

  49. Vinitha

    Thanks for this informative article and also to the discussions through comments. I have a savings accnt with SBI and also the PPF accnt with the same branch of SBI. However, when I went there to ask them to link my PPF accnt with my savings accnt, they refused to do so on the note that the dates of opening of savings accnt and PPF accnt is different!! They asked me to add the PPF accnt as a beneficiary to my savings accnt to enable online transactions to my PPF accnt.

    • Vineet

      Vinitha,

      That’s limitation with SBI Online system. Their user ID is based on customer ID. Customer ID is allotted to you when you open the account. If you already have account with SBI, while opening another account you need to specifically tell that you already have account and new account should be opened with same customer ID. Once you have opened an account, it is hardwired to customer ID and you cannot change it. Other banks (I have experience of ICICI and Citibank) let you link multiple accounts to same user ID any time after you have opened the account (of course with some limitations like name and address on all accounts should be same). I think HDFC also has same limitation as SBI. Since you are stuck and only option for transfer using beneficiary…

  50. Sreekanth Garladinne

    Thanks a lot to the author for this useful piece of information. It saves lot of effort. I always do online transactions, but I was not aware of SBI PPF as it was once a year effort and was taking help of my friend to credit it. God blesss!!

  51. Shailesh

    Hi Manish,

    I have saving acount in state bank of travancore.pls suggest it is possible for me to open ppf account..

  52. Prakash Gudnavar

    Hi Manish,
    This is very good info.
    I have been going to SBI branch once in year to deposit into PPF a/c.
    After reading this article, I did NEFT transfer from my Citibank Suvidha a/c to PPF a/c in SBI. There was no option of adding “PPF a/c” for setting up NEFT from Citibank a/c. I chose type of account as “Savings” and tried it. The transfer is through. I did the transfer 3 days ago and there is no bounce, so I think, the transfer is really complete.

    Thanks once again for this info.
    Regards,
    Prakash

  53. Padmanabha

    Hi,

    I have a sbi ppf account, but it’s alpha numeric?
    To do online money transfer via third party account do we need a numeric ppf account? Is there a way to convert a alphanumeric ppf account to numeric? I don’t know why SBI makes it so difficult.

  54. saurabh

    hi Manish,

    I already have PPF account and I regularly tranfers money to sbi PPF account using my ICICI account.
    In last week I tried to transfer some odd figure of amount like 6717 (which is calculated to conclude 1 lac investment for current financial year). But it gets returned back to account with status as failed.

    Can you please guide me whats might gets wrong with above transaction?
    I haven’t used all 12 transactions for year yet & also not crossed max limit for year.

    Is it required to have amount in multiple of 100 or 500?

    Regards,
    Saurabh

  55. shirish

    Hi,
    I am new to this all. I am 24 and working as a IT engineer in a IT firm. I am thinking to open an PPF account and and have some Qs about the same.
    Query:
    I have an SBI account “A” city but needed to open this PPF account in “B” city. Is it possible to open this account or not? if yes what kind of proofs do I need to show them.
    and If No then is there any solution to this as I am living in B city by renting a flat.
    Also can we download the PPF opening account form online?

    Please guide.
    Shirish

  56. Chetan Ayare

    Dear Sir,

    I have a PF account. But whenever I check for Account Balance it says Invalid PF No./ Data not updated. I left my old organization 2 months ago & now thinking about PF withdrawal.

    But my balance is not Updated then what to do? Whom should I ask abt this. I have already mail all things to my Company HR but they are not responding to my queries.

    I’m little worried, “Please GUIDE ME on this situation.” You can reply me on my email ID (ayare.chetan@yahoo.in).

    Warm Regards,
    Chetan Ayare

  57. startplanning

    Hi Manish,
    could you tell me what is the maximum amount that can be added in self, spouse and two children’s accounts? will it be 4×1 lakh rupees?

  58. Hemant

    Hello,
    Tried this from Citibank online (From my Suvidha account). Added PPF account as a regular savings account payee of another bank, and transferred a test amount. Amount was transferred successfully. Confirmed the same by getting the passbook updated yesterday. It’s worked fine.

    Thanks for the info.
    Rgds,
    Hemant

  59. Surendra

    hi Manish,

    I am having PPF account in SBI, is it possible to transfer a amount from Bank of Baroda bank online account?

  60. Devendra

    Dear Manish,

    Thanks for such wonderful info and because of your website, I didnt entered the trap ULIPS. I have a Ques; Can we open a PPF account in ICICI Bank as well and is worth it ? ( I mean ICICI vs SBI). I have got my savings account in ICICI bank and therefore asking.
    Thanks

  61. Ram

    I have a Query.. I changed my PPF account from post office to SBI recently(Post office they worked well. The SBI Buggers took 2 months and required 3 visits to bank). Now I am able to see the PPF account details in my SBI login itself.

    I have couple of queries.

    1. I applied sometime in Jan and in post office they sent the cheque the very next day to SBI. SBI took nearly 2 months(March 8th) saying some details were not enough from post office, the cheque is not credited yet, etc..Would I loose interest for this period?If so is there a way to get it back

    2. Will the interest gets credited monthly in my PPF account which i can see in the statement? or it is yearly?

    Thanks, Ram

    • Ram

      1. I dont think you will get the interest for that period , This looks like a clerical error and if this falls into the stipulated timeline which bank has mentioned in their RULES, then you cant do anytihng, but if its out side their SLA defined ,then you can ask them to rectify it

      2. NO , its credit yearly only.

  62. Vijay

    Hi Manish,

    Thanks for the information. It is really helpful. I was looking for exactly this information. Thanks again.

    Cheers.

  63. Dr Rajen Gordhandas

    Thanks I just did with Rs 2000/- it worked like a wonder, its pity even the staff members of ICICI Bank or SBI Bank have not it before and they cant guide. Regarding Tax benefits I think what you suggested should work out by showing print out of e statment
    Thanks
    Dr Rajen Gordhandas

    • Good to hear Rajen that its working for you . Yes you can take the estatement and see the debt from your bank . But to confirm that the amount was credited to your PPF , you must have it linked with SBI bank account or have your pass book updated !

  64. Nataraj

    I have HDFc bank savings account and PPF account with SBI. I registered the PPF account in Third Party Transfer and tried transfering a small amount. To my surprise the transcation went through and i confirmed this by getting the PPF account passbook updated. Note: There is no option in HDFC to select the PPF account as PPF but rather register just as Savings account and it works.

  65. Partha Sarathi

    I have a ppf a/c at Post Office. I want to transfer it to SBI. Where can I get the form for a/c transfer. Is it available online?

  66. Arun

    Just some info: ICICI’s netbanking site seems to offer an online PPF account as of today. You fill in your details, take a printout, and mail the stuff to ICICI. Once the documentation is done, a new PPF account is opened and you have electronic access to your PPF account.

      • Vineet

        Manish,

        Here is what ICICI bank site says

        Apply for a PPF account
        Step 1: Fill in the details required for opening a PPF Account
        Step 2: Take a print out of the pre-printed form, affix your photograph and sign on the form
        Step 3: Submit the application form and the nomination form to any one of our branches
        The PPF account will be opened only in a designated branch of ICICI Bank authorised by the ministry of finance. To view the list of these branches please click here . Please mention the name of the branch where your wish to open your PPF account on the application form

        It seems that account is opened in only specified branch (e.g only fort in Mumbai list at but form can be submitted in any branch. Would be interesting to know if they can accept transfer of account from other bank.

        • Suunil

          I agree with you Vineet. We have to visit to any ICICI Bank branch with pre-filled form. We have to follow all 3 steps which you have mentioned.

        • Suunil

          Manish and Vineet,

          I would like to add one more thing regarding opening the PPF account through ICICI Bank. I visited ICICI Bank, Sector-7, Dwarka, Delhi branch (with pre-filled form). They need one cheque and your address proof document also. Cheque should be of same amount which you want to deposit in PPF account. I had to visit 2 times for the same. They are saying that for ICICI PPF account opening is new thing. If they need anything they will let me know. They are not sure how much time it will take to open.

          I am giving the list of all the documents which I have submitted so that other can take benefit:

          1. Steps 1 to 3 are same as given by Vineet. You will have to fill some more details by hand like nominee details, etc.
          2. Address Proof. Copy of passport, Telephone Bill, Electricity Bill, etc. I submitted copy of MTNL Bill.
          3. PAN Card
          4. ICICI Bank Cheque.

          I will update more information whenever I get status from ICICI bank.

  67. Monika

    Valuable information , especially for people who out of India at the moment :)
    I and my husband have ppf in SBI and PNB respectively. As mentioned in the article above , tried sending money to Sbi ppf account through ICICI third party transfer using NEFT .
    The money got credited in 2 hours :) so damn easy .
    Will try the same for PNB in April …

  68. Rupesh Kumar

    Hi Manish,

    I have a HDFC account and if I want to test with Rs: 1 to SBI PPF account will it work? Because I try to do that but failed to deposit online.

    • Rupesh

      I am not sure if Rs 1 will really have successful entry, but may be Rs 1 is not allowed at all.. I would say do Rs 500 , either it will go in PPF or else it will come back , so dont worry so much on the amount !

  69. Giridhar

    Hi, Has anybody linked their SBI NRE account with PPF account? I have the two accounts in different branches and they are telling me that they cant be linked. You know many times if they dont know how to do it they simply say it is not possible, so just wanted to see any precedents

    • Giridhar

      Why do you even need anyone to confirm this . just follow the procedure explained in this article , if it is successful , then you can see that it happened , else not !

  70. anuj

    Hi Manish,
    could u please tell me that , is there any difference if i deposit whole amout in march for that financial year or if i deposit on a monthly basis throughout the year in which one i will get more interest ? what is the yearly cycle of ppf interest calculation i.e either from jan-dec or apr-mar.

  71. Saloni Desai

    I have a PPF account in SBI Bangalore, now I have shifted from Bangalore and currently in Hyderabad. Do i need to shift my account in hyderabad or is it ok if i give a change in address …does the account still remains in the Bangalore branch ?

    • Saloni

      Yes the account will stay in Bangalore only , but for now I thikn you are hurrying to transfer it .. just keep making the payments in PPF every year .. but at the time of maturity you will need to go to that same branch !

  72. anji

    i have recently opened PPF account . i want to transfer online using SBI. can i transfer money to my ppf account from my father account it is joint account.

    while submitting tax will there be any problem ?

  73. Nawraj

    Thanks a lot Manish for posting valuable inforamtion . It cleared most of my doubts.
    Now i am convinced to invest in PPF after going through your articles !!!

  74. Rohit

    Hi, I have a PPF account in SBI jammu, now I am in Pune. Can i update my PPF Passbook from Pune SBI from any branch after being online payment. Because i just checked with SBI employee and he refused to update my passbook. He told me you need to update your passbook from your home branch. Is it the actual case? kindly respond.

  75. RKG

    Manish

    One big question t you? interest on PPF account is credited at the end of financial year. If i choose to transfer my PPF A/c from Post office to SBI in the mid of the year, how shall i get interest from post office ?

    • RKG

      thts a good question, but I am not clear on that .. mostly your balance of interest must also be carried over to new branch ! .. why do you worry on this , it will happen without you knowing that it happened !

  76. Dharmesh Vyas

    Hello Manish,

    Thanks very much for such a nice article. I have a question
    – I want to transfer my PPF account from Bank of Baroda Gujrat to State Bank of India – Pune
    1) Is it possible to transfer the account?
    2) In such case do they close the account in Bank of Baroda and open a new account in SBI OR my same account would be transferred. I am asking since my existing account is 7 years old, now suppose I transfer the account would I be able to do partial withdrawl as per the PPF rules ?
    3) Could you please tell me what procedure to follow for transfer of the account.

    Thanks in advance
    Dharmesh

    • Dharmesh

      Yes you can make the transfer and it would be the same old account. All you need to do is fill up a form at the SOURCE (Bank of Baroda) bank and then contact SBI Pune …

      • Dharmesh Vyas

        Thanks Manish,

        My uncle worked with BOB, handled PF deot – told me that it’s the Destination bank (SBI) which should be contacted, I enquired at the SBI branch and they said it’s the BOB to be contacted.
        Could you please confirm that it’s the Source bank which is to be contacted and no formalities that should be done at SBI (like submitting the PPF Passbook, a request to transfer the account)?

  77. Avinash

    My PPF a/c has completed term of 15 years, once I had applied for addtional 5 years term through From H. Now this additional 5 years term will be over by Sep,2012. I would like to know how any times we can renew this term. My a/c is with SBI, will you suggest me how to get form H.
    Regards,
    Avinash

  78. dharmesh Modi

    Hi, I am Dharmesh Modi from Ankleshwar, Gujarat..

    i want to know regarding PPF Procedure for Interest & maturity i.e
    every year in the month of March I have deposited Rs. 5,000/- for PPF in Post but they have passed the Entry for Rs. 27 as a interest so don’t know they have passed the entry for whole year or only for March ??

    as well as how much Amont i will get after 15 yrs on above basis (deposited the amount in March month)..

    kindly give me suggestion if any happens, so now onward i will amend the errors..

    Rgds,
    Dharmesh Modi..

  79. k.suresh

    I am opened ppf a/c at chennai from 2003
    now i am lived in hyderabad
    what way to transfer ppf a/c from chennai to hydrabad
    please give me a best way please
    Thanks&regards
    suresh

  80. Amit

    Hi Manish

    This facility is great! I tried it in the same way with HDFC Bank and the transfer was done. I checked with the Bank PPF clerk and she said this type of NEFT transfer was fine..

    Thanks a lot for the information!

    Amit

  81. Harshit Patel

    Hey Manish,

    This is a Very Useful article !!

    I have a PPF Account in “BANK OF INDIA”, can i transact in “Bank of India” PPF account using ICICI Bank. Or First I have to transfer the entire “Bank of India” PPF account to ICICI Bank and than Transact online ?

    • You have both the option

      1. Link your PPF account to your ICICI account and try to make a payment . This should “mostly” work
      2. Shift your PPF to Bank of India if it has , and then make the payment

      Try 1 first

  82. Wilson Jebanesan

    Hey Manish,
    can u clearly tell me how PPF works … do i need to put money every month are can i put money wenever i have…
    my S/A is in SBI… so do i need to open a new account for PPF…
    I have my salary acc on ICICI bank.. so can i dir transfer money every month to PPF acc if i have one on SBI?
    how does it work

  83. Pawan

    This is very very imp information, thanks for sharing. I was searching a lot of website but this is where I go what I precisely wanted.

  84. Mukul

    I was able to successfully deposit money in my PPF a/c using internet transfer. I was able to do a NEFT transfer from my ICICI bank account through ICICI website. In ICICI website, I defined my PPF account as SAVINGS account. The PPF account is in SBI where I do not have savings a/c. I do not have internet facility in that SBI account.

    Wanted to share this with rest of the folks.

  85. Hi manish

    Reading your articles regularly & one of the best site for investors like us.

    my doubt is transferring from any bank a/c to PPF a/c is free or any charges are deducted from sourcing bank?

    thanks

  86. Swarup Saha

    I have a joint sb a/c with my wife in SBI where my wife is the primary account holder.I have a PPF account in my name in the same SBI branch.Can I merge the two accounts and use the online facility ?

  87. Saurav Kataruka

    Hi,

    Thanks for this very useful post. Appreciated.

    I have recently opened a Savings Account with SBI and got the Internet banking access. I opened this account just because I intend to open a PPF and want to access it online. It has been so far a pain with SBI having to visit the branch everytime for everything. The Service Manager does some mistakes everytime, and it took me 5 visits to the branch to get net banking working. I am yet to open a PPF account. I have now a different query though:
    I have savings account in HDFC, ICICI and IDBI. How to add my new SBI account as beneficiary in all these accounts for 3rd Party transfer. I know the process but a bit confused about the account number and how many digits should i enter when registering my SBI a/c as a beneficiary from hdfc, icici and idbi netbanking. should I just enter the 11 digit sbi ac number or add some leading Zeroes to make it 16 or 17. Plz suggest.

  88. Saurav Kataruka

    Sad really, the service of SBI at branch and customer care is pathetic. Noone knows a thing. I happened to visit the branch today and enquired about PPF account access online. They dont have a clue and said it is not possible. When I said that many people are using this feature, they said if it happens then it is possible but we dont know this. I am confused whether to open PPF with SBI or not. What exactly should I ask them to do at the branch to link PPF to online account? Plz help.

      • Arun kumar

        It is possible to open a PPF account in SBM, but not in all the branches. Only selected recognized branch has this facility. But as per the Branch manager it is not possible to pay the premium via online. Can you pls guide how to pay the amount online.

        • Arun kumar

          I have few more quires,
          1. I have opened the account on may-21, so I should pay the amount every month on same date? or can i pay whenever i get money?
          2. As per bank manager only 12 installment per year is possible to pay to cover 1 lakhs per year. Is it possible to pay 1 lakhs as single installment

  89. Abhishek

    Hi,
    I want to transfer my SBI PPF account to another branch but i couldnt get the transfer form. Can you help to get me the link to download the transfer form from SBI or send it by mail. Thanks! Abhishek

  90. Smita

    Hi,

    I have SBI PPF and saving account in same branch of SBI and i am able to do fund transfer. PPF account number is visible is list. if you want to transfer money from you same SBI saving account to PPF account, go to Fund transer and transfer money :).

    Smita

  91. mahen

    Hi,

    I have a PPF a/c with PNB at my home town but I my temporary residence is in other city for last few years. My PPF a/c does not have online fund transfer facility. I visit my hometown hardly once in a year and find it very difficult to deposit money in PPF the a/c. It is because of tight schedule during my visit to hometown and long line of depositors in PNB. My source of income is through ICICI bank. In view of this is it advisable to open an a/c with ICICI on my minor son’s name and deposite most of the annual contribution in that a/c. I hope I can get tax benifit on total of 1 lac only. But can I get tax free interest income on diposits of both a/c upto the limit of 2 lacs altogether? Also I am sick of that PNB a/c because it does not allow online trasfer of funds. Can you suggest me better options. Thanks and regards.

  92. Ravish Hasija

    Hi Manish,

    I have an ICICI savings account and i wish to open a PPF account in the same. Is there any catch between a PPF in SBI vs PPF in PO vs PPF in ICICI?

    Regards
    Ravish Hasija

  93. prashant

    Hi manish,
    I have open a PPF A/C in SBI Bhubaneshwar, and now I m in Delhi can I tranfer my PPF A/C to delhi ?and how can I update my pass book.???/
    Regards,
    Prashant

  94. Avinash

    Hi Manish,

    I have a PPF account with Post Office. What all do I need to do to get this account transferred to SBI?

    Regards,
    Gagan

  95. Ashish

    Hi,

    I want to transfer PPF account from Bangalore to my Hometown….(SBI to SBI) in which branch should i go to transfer my account? and can u please give me detailed procedure for doing that?. And I want to link my PPF account online as well. I dont have savings account with SBI as of now, after transfer if I open the savings account will it be linked?

    • Ashish

      You can still do the linking right now , open a saving bank account anywhere and ask for linking the SBI PPF in another branch or do it on your own online using NEFT linking as explained here .. If you still want to shift the PPF , then go to the target bank and ask for a application and fill it and give to source bank

  96. praveen

    Hi,
    I have a SBI PPF acocunt. When i try to map it with ICICI for online transfer, I dont see respective SBI IFSC code listed in ICICI website to select the SBI branch. MY PPF SBI branch do support online accounts.What should I do?

  97. Rajeshree

    Hi,

    I added my PPF account as Third party beneficiary to my saving account in Citi, but I got a message from Citi informing the money was not deposited and is reverted back to my saving account. My PPF account is with SBI as I have got a SBI passbook as well. My PPF account was opened by an agent and now with the new rule that came up as per which the agents dont get any benefit, she had asked us to add the PPF account as Third party beneficiary but when I did that as mentioned it did not work. What needs to be done now, I am little confused??

    Regards,
    Rajeshree

    • Muthu Krishnan V

      I was able to transfer from citi to sbi. verify the account number, name, ifsc code. also you need to enter the new PPF number (10 digits i think) and not the older one.

      • Rajeshree

        Yes I tried adding 10digit new PPF number and with the correct IFSC code as I already have SBI passbook it was easy to get all the right details. Could there be any other reason? I tried to transfer money once again today to check, lets see what happens. or else may be I will have to visit the SBI branch.

  98. naresh

    if i pay money to my SBI PPF a/c from my ICICI savings a/c what can i do for the receipt through which i can save my tax?

  99. Ranbir Singh

    Sir,
    I want to transfer my PPF account from post office to state bank of patiala, garhshankar, Punjab.
    Pl. help me how to transfer.
    Thanks

  100. Rajat

    Dear Manish,

    Kudos to you. Doing a wonderful job. Even educated youngster like me wasnt aware of such online transfer facility for PPF account. And I can never expect the inefficient SBI to make the investors aware of such things. This is primarily a job of SBI, but its sad and pity that other people have to come forward and take this initiative of educating general public.

    Actually I got pissed off when I have to literally fight with the SBI branch manager of Thakur Village Kandivali Branch Mumbai to accept HDFC cheque as a deposit for my PPF account which was registered under another branch. They said they will accept only cash/SBI cheque and if I have to deposit other bank cheque I have to go the same branch where my account is. I lost my temper – how could they even say this. Finally after a fight for 10 min when i asked them to give in writing – they accepted it. Horrible, bureaucratic, orthodox bank in todays age.

    I recently made online transfer to my PPF account via HDFC bank following your procedure and it was a success. You made my job easier. Thanks buddy.

    • Great ! .. next time you face an issue in SBI , do one thing . SBI comes under RTI !! … just file a RTI application and seek the information and throw it on the face of those people (assuming you are correct in what you said) … :)

      They will shiver !

      Manish

  101. Abhishek

    Hi,

    I have opened a PPF account in ICICI which comes under 80 C tax exemption.
    But ICICI doesnot provide any challan or passbook for PPF as it is online account.
    I have a query that Will the screen shot of the PPF account statement work for Tax exemptions.

      • Saurav Kataruka

        The statement should clearly mention that the account is PPF account. But ICICI online statements don’t give all the these details about the account as far as I know and as confirmed by another member here -http://www.jagoinvestor.com/forum/is-ppf-in-icici-safe/3423/

        Manish – I don’t have a PPF account in ICICI yet. If you are using one can you verify this and communicate with ICICI regarding this. Else, can you add a post or article about this. Some ICICI PPF account holders are already facing this issue and I think many have not yet realized as most accounts are opened recently because ICICI started advertising the online PPF option very recently only.

  102. Ashish

    Thanks for all the info… I have a doubt slightly away from the topic.

    Q : Will my wife get the tax benifit on her PPF account, even if I am transferring funds in her PPF account? (I know it sounds dumb, just want to be sure)
    One of the banker told me that only she should transfer the funds to her ppf accont for her to get the tax benifit, is that right???

  103. Praveen K

    Hi manish,

    is it still true that online transfers into PPF account is only possible with SBI PPF acount? I have a PPF account with IOB, should I transfer it to SBI or should I wait till IOB PPF a/c also gets this online facility

  104. Sureshbabu SVCH

    Dear Manish,
    I have not deposited any amount since 3 years in PPF account existing at ALIBAG SBI branch in Maharashtra.How much penalty i need to pay? Is it possible to me to deposit amount online with penalty ?

  105. Abhijit

    I think that’s the great advantage of having both the accounts in the same branch.

    When I logged with my saving account user ID, I can see the accounts PPF account as well as my saving plus account. I can see transactions till date.

    Now, there is no need to add PPF account as Third Party in this case. As the PPF account is already there as a separate account, I can transfer amount using option transfer—> your own account in SBI.

    It’s a great utility & all the credit goes to Jogo Investor where I am learning things & using it to execute.

    Thanks

  106. Sai

    Is there any problems with the tax related if i transact through online 2 lakes at a time in icici bank through online banking..

  107. Pradip

    Dear Manish

    I have a PPF a/c (more than 15 years old), in SBI in Kolkata.
    I wanted to withdraw the entire amount.

    For this, shall I transfer thru NEFT to ICICI PPF a/c & then can I withdraw the amount ?
    I have a savings a/c in ICICI bank .
    Regards

  108. Sunil

    I and my wife have PPF and savings accounts at PNB, Delhi. Our savings bank account are online with PNB. I wanted to know whether the PPF accounts which is with the same PNB branch be made online. This way we would be able to see the amounts in our PPF accounts along with our other accounts. Also, would appreciate if we could make the annual transfer to these PPF accounts online. If this is possible, this will make life easier as we are not in India.

  109. Parag

    What i understnd is that i can do following:
    1. Online transfer from my SBI Saving account to my PPF A/c with SBI by first adding it as beneficiery.
    2. Online transfer from my SBI Saving account to my SON PPF A/c with SBI by first adding it as beneficiary.
    3. What i want to know is: Can i transfer online from my HDFC Saving Bank Account to my PPF account with SBI?..If not why..?

  110. Hi Manish,

    I chanced upon your this website via Google search a while ago and now I am regular reader.

    Thanks to your article, I know what a PPF account is and opened up an account with SBI as well.

    Thank you so much and keep up the good work, you articles are really helpful especially for financial illiterates like me :)

  111. Sachin

    Hi,

    Thanks for the useful information on the site. One question from my side is that can I get my PPF passbook updated from any SBI branch or do I need to visit the branch which holds the account?

    Many Thanks,
    Sachin

  112. pavan kumar

    Hi Manish,

    Iam an avid reader of your financial instructions and they are very useful!!
    I have one doubt regarding transfer to ppf online, If I do money transfer from my citi bank account to my sbi ppf account,how to claim the tax benifit?will the citibank account statement be enough for tax proof?if i have to go to the sbi branch to update ppf book about online transaction then it kinda beats the purpose of doing online transfer…
    Thanks,
    Pavan

  113. Abhijit

    Got an intimate from accounts in my company to get the documents to support the investment forecast done in the month of July 2012 now trying to locate those investment proofs however SBI’s utility to get the PPF contribution statement online is so easy however keep in mind that you can only get the statement online for last 6 months only not beyond that.

    Thnx Manish for the idea to get the PPF account & SBI for the convenience.

  114. Diya

    Hi Manish,

    If i open a ppf a/c with rate of interest 8.8 % on JAN-2013 & after that on March-2013 it will change then ppf will calculated as per changed rate or 8.8 % ? please explain.

  115. Pramod

    Hi Manish
    I opened ppf account in SBI where i have a savings account with the same branch.
    I did mistake where my sir name was wrong in my bank account details
    Now my ppf account also contains the wrong sir name.
    I changed my sir name in bank account but they said they dont touch ppf account.
    so what is the procedure to modify my sir name to correct one in ppf account.
    or can i transfer to other bank with correct name.

  116. Amit Khera

    Hi Manish,

    I have a PPF Account opened with SBP (State Bank of Patiala),is it this online tranfer of money possible to PPF Account in this Bank?
    Since this is an Associate Bank of SBI,and the all Associate Banks have been cored under SBI,I think online payment should not be a problem if PPF Account is with SBP also.Please confirm.

      • pp

        Yes. This works. I was able to transfer Rs 500/- from ICICI saving a/c to SBI PPF a/c online successfully. I called ICICI call centre before executing the transaction, but i was told it is not possible. However, i trusted these posts and screen shot and proceeded. It worked. May-be the call center team is not educated / informed on this.
        Thanks and ton. This is saved lot of time standing in queue at SBI branch.
        Regards, pp

  117. sankalp

    Hi Manish,

    First of all a very happy new year to you.Thanks a lot for this excellent writeup.I tried the method mentioned by you.The amount i believe must have got credit to my PPF account (i.e with SBI Lucknow branch).
    I currently am in Noida and now as the time has come for submitting investment proofs in my organization i want to know how can i get the recent amount reflected in my savings.
    SBI noida branch nearby to my place are asking unreasonable Rs 100 for just a single line of printing in my PPF passbook.
    Is there any other way to submit the proof?

    Thanks and regards
    Sankalp

  118. Ganesh

    I had my Wife PPF account in SBI Ulsoor Branch. Opended in 2011. When I went to Pay amount today, I was shocked! The clrek said the account is been closed in 2012 and she cant take the money. I am not sure what to do now. Please let me know what should I do and I originally invested 25K. I am clueless of the reason why the account is closed and what should I take it as Next Step.

    Please advice.

    • Dont panic . There is nothing like a CLOSED ACCOUNT and you cant get back the money . I think he meant its Inpoerative . Did you put any money in 2012 or not ? If not , then may be its just suspended and you can renew it by paying Rs 50 penalty + Rs 500 for that lost year .

  119. Priyanka

    hi,

    i have opened a ppf account in Bhopal with sbi. if i do an online transfer, is it somewhere wriiten in the mandate that the bank statement showing the amount deposited would be accepted as tax claim benefit? what if my company fails to accept?

    also, since i stay in Hyderabad, i face lot of problems in getting my passbook updated. the banks here don’t do it, say i need to transfer my account to this city. Do i have to do that by any law; if so, then what is the procedure?

  120. Archana Ziradkar

    I added an account and transferred Rs. 500, which worked. My question is, where will I get a receipt from?

  121. Rajiv Sinha

    I have a PPF account in SBI. Is it possible to view/assess the PPF credit balance online on the bank’s portal?

  122. Can u pls help me out on the followiing questions

    1) Can i transfer money from my ICICI Saving account to my spouse PPF account with SBI
    2) If Yes,Will my spouse able to ge the tax benefit or not

  123. Hi Manish
    Thanks a lot for prompt response.
    I asked for direct transfer to avoid the time taken in transfer as she dont have an online account facility.
    Anyway once again thanks for prompt reply & would like to appraise your gr8 contribution in educating people on such points.

  124. Hi there! I’m at work surfing around your blog from my new iphone 3gs! Just wanted to say I love reading your blog and look forward to all your posts! Carry on the excellent work!

  125. Suman Kumar

    Hi Manish.
    I want to know what should I write as reference number for PPF payment in form -C.Whether it is the PPF account number itself or the transaction code for that perticular transaction.
    Thank you.

  126. Satheesh.A

    Hello Manish,

    I have opened a PPF & savings account in a different SBI branches.

    But how do i can check the balance at PPF account through online?

    One possible way of entering in passbook is, i am aware of it.

  127. Sarath

    Hi Manish,

    I think this question has been asked before.. I have a PPF in State Bank of Hyderabad. Can I do an online transfer from ICICI and get the money into it? Any new updates?

    And is the bank statement only proof that I could show for tax reduction or is the ICICI bank statement of the transfer enough?

    Thanks,
    Sarath

  128. Ashwin

    Hi Manish,

    I have opened a SBI PPF account in the same branch of SBI where i had a SB account on 9th of February 2013.
    My query is
    1. What date is considered as my Account Opening Date?
    2. Will the interest be calculated for the amount in the PPF Account for the current financial year 2012-2013 or is it like interest will be calculated from the next financial year?

    Thanks!!!

  129. Nilam

    Dear Sir,

    I dont have saving account but I hve PPF account in S.B.I can I make online payment of PPF from my husband or Brother saving account which is in S.B.I. or from any other bank to S.B.I PPF account?

    Regards,
    Nilam

  130. Anand

    Hi Manish,

    I have opened PPF acct with IDBI bank. They have an application to pay online. Unfortunately it doesn’t work. I have sent a complaint on this.

    I am also unable to setup a payee from my ICICI SB acct online since the PPF acct in IDBI is like nnn-PPF-nnnn-nnnn-nnn-nnn which exceeds the length of the field allowed in the webform at ICICI :-(

    • As far as I know till now only SBI can handle the NEFT payment through any other bank . So with IDBI , I guess it should be the case that you can make online payment only by IDBI linked account, like in case of ICICI PPF <- ICICI bank ..

    • Francis Xavier R

      Dear Anand,

      You can transfer money from your IDBI Savings a/c to IDBI PPF a/c. Pls chk the below link:-
      http://www.idbi.com/press/Press-Release-1200.pdf

      If you don’t have a savings a/c with IDBI right now, pls open a new savings a/c using your PPF customer ID. IDBI Super Savings a/c AQB is Rs.5000 for Tier-A town and Rs.2500 for Tier-B town. Important feature is they charge only debit card annual fee and check bounce charge. They don’t charge for services like NEFT, Signature verification, ECS set-up, etc. You can open the a/c using their online a/c opening facility. Check below link for schedule of charges:-
      http://www.idbi.com/pdf/soc09/Super-Savings-Account.pdf

      ICICI charges if the MAB (not AQB) is less than Rs.10,000 in savings a/c. But you have to pay for NEFT, Signature verification, etc. (may be waived for salary a/c holders. not sure!).

      • Anand

        Hi

        I have a IDBI SB A/C and PPF a/c via IDBI. They are linked, I can see them on my online banking account. I am trying to debit from my SB and pay into PPF. But fails. I have lodged a complaint with IDBI.

        Thanks for your replies, Manish, Francis

  131. Harish

    If i open PPF account today and this year i deposite 10000 but next year i want to deposite 12000 and then 9000 .
    Is it possible to deposite with different ammount in PPF or it should be constant throughout 15 year ?

  132. aditya

    dear manish
    the info was indeed useful. thnks :)
    could you also advise what is the criteria of an inoperative account? i have not invested any amount the the FY2012-2013. will my account be inoperative and do i need to pay penalty for the same to get it operative?

  133. kishalay jani

    Hi Manish,

    i have PPF ac in BOI. pls tel me how can i transfer funds online from other banks.

    Do they have online transfer facility for PPF ? if not will change my PPF ac to SBI & for this do they charge me any transfer fees?..

    pls help..

  134. Rajiv

    Thanks Manish for the wonderful piece of information.
    I have a PPF account with the local Post Office. Can you please tell me whether i can transfer this PPF Account to SBI? Does Govt allows this doing?

  135. Nisha

    Hi Manish,

    I have invested in PPF through my ICICI Savings A/c, usually i do a online transfer thorugh ICICI A/c to PPF as per the facility given by the bank.

    It this a problem as i have read in your article that it is better to tranfer to SBI.
    Any particular reason……..

  136. Manoj Kumar

    Dear Sir,
    I am Not able to transfer amount from hdfc to my ppf account.
    fund came back with areason Account doesnot Exist.
    Bank of baroda supports Neft transfer.
    more Over the account number they have provided has PPF word in account number.

    Bank of baroda officials says online transfer not possible to ppf Account.

    Please Help me.
    Thanks in Advance

  137. SB

    Hi
    Is PPF required to be opened only with SBI? I have an SB account with ICICI – can I open PPF account in ICICI and link it with my SB account for online transfer? Thanks.

  138. Arun ganesh

    I have one doubt, we are contractors and we pay regularly pay PF dues. but know this month our employees are quit from job. so no one work our payroll, then i gone and ask to P.F office they said, u can temporary closed your number and u have to pay 7 rupees per month for renewal. what is the procedure to pay that 7 rupees.

  139. Hormuz Tamboly

    This facility is certainly useful for making online payment to our PPF account. But why this facility is only for SBI and ICICI account holders? something special about these two banks? Why not authorize other nationalized banks like HDFC, CENTRAL BANK OF INDIA to accept online PPF payments?. After all, these banks are also nationalized, and going by the public opinion, the efficiency of these banks is much better than SBI and ICICI! not to mention the polite and courteous service received every time, either at the branch or at their customer care call centre.

  140. Rajesh Kumar

    Hi!

    I have PPF account in Punjab National Bank, I have add the account number as payee as per above steps in my ICICI Bank Account. I have done transaction of Rs. 500 through NEFT, but transaction failed with remarks as “Wrong Account Number” My Account No. is in the sequence of 021100PPF00000000xxx.
    Can anybody tell me what I have to do?

  141. Sharad Kumar

    Manish,

    One of my friend had opened two accounts of his wife of PPF by mistake. The first and old one is about to mature in 2014. The recently was opened in 2012. Please tell what are the complications (if any). Also if the interest is not given for account opened in 2012 , then its not a big deal. Also tell how to show it in the IT return ???

  142. dipesh

    Had anyone tried it for IDBI bank. I have PPF at IDBI. Transfer of account is not good option as suggested by both bank as in case anything happens both are public banks. If I can transfer online in IDBI PPF then some of my suffering would be eased.

  143. Binu P Thomas

    Hi Manish,

    I have my PPF Account with BOI. Its linked with my SB account at BOI. Now i am able to see my PPF Account online. Please see the demo showed by Bank and its true.”http://www.bankofindia.co.in/html/Viewing_PPF_Account/index.html”

    I am able to see my account detail, transaction detail, interest rate etc online. Even i have option for depositing money to PPF from my SB account as standing instructions. Also i am getting the statements as excel sheets. Even i have option to transfer money from PPF to SB account aswell. Only issue i am struggling is to get a print out of the statements. Else BOI PPF is excellent.
    Binu

  144. ramesh

    Hi Manish,
    recently two days back i have opened PPF in SBI along with SBI SAVINGS ACCOUNT. Is my SB account linkedup with PPF?
    please explore…….

  145. Suresh

    Hi Manish,
    Whether IOB have the online PPF fund transfer facility now? I have opened the account in IOB recently. Some ppl say it has online payment but some say it doenst?
    It would be really great if you can provide me the details. Thanks in Advance.

  146. Suresh

    Hi Vivek,
    Whether IOB have the online PPF fund transfer facility now? I have opened the account in IOB recently. Some ppl say it has online payment but some say it doenst?
    It would be really great if you can provide me the details. Thanks in Advance.

  147. SUMIT

    HI Manish

    One query , i and my wife have a joint Saving account with SBI and now we both want to open individual PPF ( 1 for me and 1 for my wife) account with same branch . My wife is housewife and has no additional income .

    So will it be possible to link both the new PPF account to same joint Saving account that we have . And if yes , then is possible to tranfer money from same account to both PPF acc ?

  148. bhavin

    Hi Manish,

    One more info. May have been shared earlier by some others.

    Now If you have netbanking of SBI account, SBI is offering to open PPF Account online. That too the branch you want to. It also provides the option to open PPF account of Minor as well. Good Facility.

    Thanks
    Bhavin.

  149. bhavin

    Hi Manish

    One more info. May have been shared earlier by some others.

    Now If you have netbanking of SBI account, SBI is offering to open PPF Account online. That too the branch you want to. It also provides the option to open PPF account of Minor as well. Good Facility.

    Thanks
    Bhavin

  150. manjyu rawat

    I m having PPF A/c in BOB.I want to do online Payment .
    Please tell if i do Net banking Transfer by my husband’s account from Kotak Bank into my ppf Account is it possible???

    Tell me

  151. ritesh

    Hi,
    I have a ppf account in sbi. Can I get my ppf passbook printed from other sbi branch, from different state. I don’t have sbi sb ac.

    Ritesh

  152. sanjay

    Hi Manish,

    I have my PPF account opened in 2013 and SAVINGS BANK account opened in 2014 in different branches of SBI in New Delhi,I requested the staff at my savings bank branch to link both my accounts so that i could deposit the money online as well as view both the accounts online,especially my PPF account,but they simply refused it saying that it is not possible doing it,although i have internet banking access to my savings account.Is it true or are they simply harassing me?Is there any other solution?Kindly help.

    • They are simply not co-operating with you . Just file a RTI on this or complain to SBI on this along with their names on their helpline number and it will surely help you

  153. Pankaj

    Hi Manish
    I have PPF account in SBI at Hyderabad. I have been using HDFC netbanking to transfer funds into this PPF account regularly. However, I have not yet checked by taking passbook printouts
    I have been relocated to Mumbai now. I want to know the balance statement of my PPF account
    If I open new savings account in SBI Mumbai and link by PPF account (in Hyderabad), it is possible to view the account transactions?

  154. Colonel Zaysen

    I have a Savings Account in Indian Overseas Bank X Branch New Delhi. My PPF A/c is with State Bank of India Y Branch New Delhi. I had already added my PPF A/c-11 Digits core banking for third party transactions last year in Iob Net banking with Sb as the option . Today the 02-Apr-2014 as a test I transferred Rs 500/- from IOB Sb A/c to SBI PPF A/c via NEFT @ 07:00 hrs and by 09:00 the money was transferred and credit to the SBI PPF A/c. E-Mail Confirmation came at 12:00 PM. Even then I went to the nearby SBI branch and checked the same on their system screen and it was done.

    The main thing is PPF A/c should also have core banking 11 digits in case of SBI & 15 in Case of Indian Overseas Bank. Account Type is Savings.

    Colonel Zaysen

    • Colonel Zaysen

      With reference to my eariler post, On 02-Apr-2014, I again transferred on 03-Apr-2014, twin amounts of Rs 99,500/- each from my own & my mother’s Iob Sb A/c to our SBI PPF A/c’s via NEFT. The NEFT was processed in the first batch @ 08:00 hrs and both SBI PPF A/c’s were credited @ 10:05 Hrs.

      Confirmation E-Mail from Iob For both A/c’s came today the 04-April-2014 @ 08:26 Hrs.

      This time I did not physically go to SBI and verify the credit and just accepted the e-mail received as proof of credit.

      Since agent commissions have been scrapped for PPF, transfers done via NEFT Internet Banking to SBI PPF A/c & for Income Tax Purpose kindly download the NEFT Final Transfer E-Receipt from Internet Banking which will show the NEFT Date, Unique Transaction No[UTR], Beneficiary Account No, Beneficiary Account Name, A/c #, IFSC Code of Branch & that Beneficiary Account has been credited.

      Colonel Zaysen

  155. Hemanth

    Hi Manish,

    I have just opened PPF account for my wife and myself at IDBI Bank. It is online and we can transfer the funds to PPF account using any bank account with NEFT. Do we still have to transfer the accounts to SBI? Is IDBI secure?

  156. suhas

    Hi ,

    I have PPF a/c with Maharashtra Bank (MB), it has maturated , now i want to get saving funds transferred back. I have saving a/c with ICICI. can MB transfer the fund directly to my ICICI a/c. I spoke to them they are asking for DD charges ( Which is huge) or open saving account with them. it is big hassle as bank is very crowded as having huge pension a/c. bad at service. please advice how i can resolve the situation i do want to have a/c with MB also do want to pay DD charges as online transfer is easy & free. Please advice

    • This is actually a big issue . PPF amount should be given as cheque directly, but I am not sure why banks charges these charges . Ideally they should be giving it back without any issue and charges. I suggest you take this clarity from Post Office directly via RTI !

      Banks cant do this .

      Manish

  157. PRAWEEN

    I have a joint saving bank account at SBI with net banking facility in my name. I also have a ppf account in SBI but in different branch in same city. I am not able to view my ppf account on line because SBI failed to link the two accounts. Is there a way to view the ppf account on line?
    I also opened a fresh ppf account for my wife from the joint account in the same branch where saving account is there. But now SBI is saying that ppf account of my wife can not be viewed on line from my net banking.
    Pl tell me a method for on line viewing of ppf account.

  158. Neeraj Mittal

    HI

    What is the process to transfer the PPF account from PNB to SBI or ICICI bank.
    I had opened PPF accout on 2010 at PNB. Please help. PNB bank personnel do not know anything about it.

  159. dr c n patel

    i had ppf account with since last 1995 now i had transfer to sbi &sbi has oppened my ppf account with back dated effect but there is since last 20 days till now not deposited my ammount of check .when iasked from branch said not take proceezer of that post office ppf check . sbi branch in insearch of how to proceed ? so ihave to suffer for that now what happened when &how will proceed requested to guideline thanks

  160. Sanjay

    Yesterday I opened a PPF account in SBI branch where I already have a saving account. The whole process took 5 mins. I deposited initial amount through green channel to the PPF account for which the a/c no. was instantly generated. By evening i.e., in 6 hrs I could see the PPF account linked to my saving account which I was able to access through net banking, and also I could generate statement for the same.

  161. SPN

    Hi
    Is it possible to ask my credit card (SBI / HDFC / Tata Card / Citi Bank Card) to deposit a fixed amount from my credit card account to PPF account in SBI.

    Regards

  162. Rengapwn

    Hi,

    I have a query on PPF, my self has PPF account in Post Office, and planning to open PPF acc for my wife in SBI as she has account with SBI. Now the question is can I deposit 1.5 lakh in my PPF account and another 1.5lakh in my wife’s PPF account?

  163. Pankaj

    How offen can I transfer the fund online in SBI bank PPF account?
    i.e. can I transfer fund 2 – 3 times in a months in the same account?

  164. Biswajit Roy

    Hi..
    I’ve saving account in United Bank Of India and also I’ve net-banking facility..in the year of 2007 I’ve opened PPF account (Offline) at the same bank..so is there possible to pay PPF account via net-banking facility of United Bank Of India.

  165. Reema

    Hi All,

    It was very useful information. I did add my PPF account to HDFC bank, hopefully this work.

    Can somebody please help me with the information or a way out of whether in HDFC bank is there an option from where we can extract the details about the number transactions done to PPF a/c through HDFC or I will have to rely on the pass book entry.

    Thank you.

  166. Ganesh

    Hi Manish,
    I have SBI Savings a/c in branch 1 and SBI PPF a/c in branch 2, when i asked to link the PPF a/c to savings a/c in branch 1, they said CIF No. (Customer identification number) is different, so it is not possible to link the accounts. is it true? Another query, is it possible to deposit in bank branch 1 for PPF a/c in branch 2, to get challan for tax saving proof. Thank you.

  167. Harmeet

    Does anybody knows how to transfer from OBC savings account to idbi ppf account, I have added my ppf account in idbi as a beneficiary, every time I make a payment to my idbi ppf account the message shows success but after some time the balance is same, don’t know how to resolve it, or shall I transfer my account to obc, if possible

  168. Madhur

    what would be account type which adding payee, as in ICICI it is showing only savings, current, cash credit and Loan account??

  169. V KRISHNA PRASAD

    How to pay SBI PPF Account Payment from SBI Saving Account SB Account with Mission Road Branch and SBI PPF A/c with Rajajinagar Branch Bangaluru

  170. Tushar

    Hi Guys,

    I have a question and I am sure I will get the answer here :)
    I have a SBI PPF account (No other SBI accounts only PPF). I need to access it online to check summary of Investments and produce them for 80C declaration.

    Wanted to know if its possible without having any savings account with SBI and how..?

    Thanks and best regards,
    Tushar

    • Tushar

      IT would be tough to access it online without a SBI saving bank account. Only with saving bank in SBI and linking the PPF to it you can see things online, otherwise not .

      Manish

  171. Praween

    As a test I added my wife’s PPF account in ICICI bank as third party on my SBI saving bank account. I transfered Rs 100 from my SBI saving bank account to ICICI PPF account of my wife. It charged me Rs 2.50 as bank charge. Is it normal?
    It does not charge me anything for money transacted from my saving bank account to my PPF account in SBI bank.

  172. Sagar Thakker

    I want to ask you about adding SBI PPF account details with my ICICI bank as per steps above but there is one confusion in my mind , my PPF account which is in SBI has 17 digits so if i wish to add it will be done or not ?? will they allow me to enter all no & accept it for NEFT transfer ??

  173. J Das

    I want to transfer money from my SBI Savings account to my SBI PPF account (Different Branch) through online.Please let me know how to get the receipt of PPF payment through online ?

  174. Ajay Pund

    I was transfer my money from SBI online account to PPF SBI account . Please give me information of how to generate the PPF slip and print

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