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Online transfer to your Public Provident Fund (PPF) account

by Manish Chauhan · 539 comments

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.

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{ 539 comments… read them below or add one }

1 Raja December 19, 2011 at 8:59 am

Hmm… I thought it’s very normal. I have been doing it since 2-3 years from my ICICI/Citi A/c to SBM PPF a/c.

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2 Manish Chauhan December 19, 2011 at 10:48 am

Raja

No , its not normal .. a lot of people are not aware of this info and are looking for this . Does your Citi account support adding the PPF account as Beneficiary ?

Manish

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3 Vineet December 19, 2011 at 11:30 am

Manish,

Any bank which supports NEFT transfer through netbanking would support this. I have created standing instruction from my Citibank account to my Son’s PPF account in SBI. It works like charm.

Unfortunately my son’s account cannot be seen online because it is minor account. I tried many attempts to find solution with SBI staff and internet helpdesk but they do not allow internet access for minor’s account. Incoming transfer through internet has no problems though. I understand allowing outgoing transfer may have issue, but why restrict getting account information and statements through internet for guardian/parent?

Vineet

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4 Manish Chauhan December 19, 2011 at 1:27 pm

Vineet

Thanks for updating that information . It will really help those with non-ICICI or non-SBI account . I knew this works with SBI and ICICI , but you also confirmed that its working with CITI Bank … good to hear that :)

I agree that one should allow online viewing of PPF atleast in those account from where the money is gettting transferred . but you know “RULES” ..

Manish

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5 dileep January 7, 2012 at 10:47 am

Dear Concern,

I want to create new PPF account pls explore

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6 Manish Chauhan January 7, 2012 at 12:05 pm

Dileep

One person can open only one PPF account ,not more than one .. if you want to open a new PPF account , go to SBI or POST OFFICE

Manish

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7 Prasik April 15, 2012 at 10:18 pm

Can I open PPF a/c in SBI online?

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8 Manish Chauhan April 17, 2012 at 3:20 pm

No .. to open a PPF account, you need to go physically once !

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9 Sumitra Nand June 21, 2012 at 1:39 pm

Better to open PPF through SBI bank.. so that you can avail the online and other upcoming benefits.

And good news
For PPF Investors. Now the limit of PPF deposit has been
increased to Rs. 1 Lac from Rs. 70000/-.

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10 Manish Chauhan June 21, 2012 at 2:28 pm

That rule came long back

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11 Nitin Sontakke January 7, 2012 at 10:07 am

Hello Vineet,

I have both mine and my son’s account in SBI and can access both accounts online.

Notice that Internet Banking Helpdesk gave me two envelops with distinct user Ids and passwords for this.

Hope it helps.

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12 Umesh July 31, 2012 at 7:19 am

Hi Nitin,
Like Vineet I am also able to pay to my son’s ppf account which is linked my savings account but can’t view it online.
Now if I try to open savings account on my son’s name can we have online access to saving account and PPF account both? or only saving access or non of above is possible?

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13 Sanghmitra December 19, 2011 at 3:10 pm

Yes, even my husband and myself always thought of transfering amount to SBI PPF a/c from our own respective ICICI Bank savings a/c….However we are not sure if that’s feasible considering we don’t have SBI savings a/c…

Please confirm if it’s possible

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14 Manish Chauhan December 19, 2011 at 4:28 pm

Sanghmitra

Yea its possible from ICICI bank , the screenshots used in article are given by a person who has an ICICI account and does it . Let us know when you do it and its working for you

Manish

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15 Sanghmitra December 19, 2011 at 11:03 pm

Do we have to pay Rs. 500 as minimum PPF amount or can test/ check by 100 rs. also?

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16 Manish Chauhan December 20, 2011 at 12:51 pm

Sanghmitra

No , 500 is the minimum to be paid in a year .. but I think you can make a minimum payment of Rs 50 in one go . Dont worry – try with 500 , it will either go in PPF or come back ..

Manish

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17 Sanghmitra December 28, 2011 at 12:47 pm

It’s working with ICICI Bank a/c

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18 Manish Chauhan December 28, 2011 at 10:35 pm

Sanghmitra

Thanks for confirming :)

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19 Shadab January 4, 2012 at 4:37 pm

its working with citi bank also, u have to add as saving a/c and u can do the transfer from citi bank to sbi PPF a/c.

~shadab

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20 Manish Chauhan January 5, 2012 at 12:09 pm

Shadab

Yea .. we figured it out earliar itself .. thanks for updating us :)

Manish

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21 Mukesh Singh July 15, 2012 at 3:24 pm

Yes, It’s very useful. I was not aware about this. This makes a very time saving form me.

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22 Manish Chauhan July 17, 2012 at 10:56 am

Welcome !

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23 Ashansu May 29, 2012 at 7:55 pm

Hey Mr. Raja, how do you transfer money from your Citi A/c to the SBI PPF a/c?
When you are adding your SBI PPF a/c as payee in Citi do you select account type as “Savings”?

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24 Raja May 29, 2012 at 8:38 pm

Hi Ashansu,

That’s right. I added it as savings.

Regards
Raja

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25 Ashansu May 30, 2012 at 9:40 am

Thnx Mr. Raja

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26 Raja May 30, 2012 at 11:49 am

Still as a safety measure. First time transfer only a token amount :)
I did that.

Regards
Raja

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27 Pravin Kumar August 14, 2013 at 2:07 am

If we have to pay any transaction charge for the PPF fund transfer from one SBI branch to other SBI branch

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28 Manish Chauhan August 21, 2013 at 2:26 pm

I am not sure of this, but I have heard there are some charges !

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29 Pravin Kumar August 22, 2013 at 10:22 pm

Thanks Mr. Manish

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30 Sambaran Mitra December 19, 2011 at 9:14 am

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.

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31 Raja December 19, 2011 at 9:41 am

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 :)

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32 Chennaivaasi December 19, 2011 at 10:48 am

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).

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33 Nitin Sontakke January 7, 2012 at 10:15 am

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.

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34 Giridhar January 7, 2012 at 11:37 am

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

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35 Manish Chauhan January 7, 2012 at 12:05 pm

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

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36 Ganpat December 19, 2012 at 12:05 am

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.

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37 Manish Chauhan December 19, 2012 at 12:44 pm

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 !

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38 Ganpat December 19, 2012 at 1:22 pm

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.

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39 Manish Chauhan December 19, 2012 at 1:58 pm

I am not sure what made it work :)

40 Ganpat December 20, 2012 at 9:00 am

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?

41 Ganpat December 20, 2012 at 12:29 pm

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.

42 Sachin January 1, 2013 at 2:34 pm

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

43 Satheesh February 5, 2013 at 4:56 pm

Hello manish,

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

How do i can view the PPF balance online?

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44 Manish Chauhan February 6, 2013 at 10:24 am

You can ask your SBI branch to link your PPF with your online account , many people have done that !

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45 Satheesh February 14, 2013 at 1:54 pm

Hello Manish,

I added my PPF account as a third party beneficiary account through online . In 4 hours , it got activated & it shows my PPF balance now.

But I didn’t requested branch manager to link it.

It got activated automatically by simply adding as a third party beneficiary account.

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46 Manish Chauhan February 18, 2013 at 2:00 pm

Great :) ..

47 PRAWEEN June 2, 2014 at 9:41 am

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?

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48 Manish Chauhan June 11, 2014 at 11:24 am

Have you linked your SBI bank account with your PPF account or not ? If you link it then you will be able to see it !

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49 Manish Chauhan December 19, 2011 at 10:50 am

Sambaran

I know people who have done this already.. Ask your Bank manager or some other person on how you can link it . I am sure it can happen.

Manish

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50 Vivekanand December 19, 2011 at 9:21 am

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!

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51 Manish Chauhan December 19, 2011 at 10:54 am

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

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52 Vivekanand December 19, 2011 at 12:15 pm

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.

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53 Manish Chauhan December 19, 2011 at 12:20 pm

Vivekanand

The daily interest calculation is only for BANK Saving account . The PPF interest calculation is done on Monthly basis

Manish

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54 Tushar June 1, 2012 at 7:15 pm

Hi Manish

I have confusion here.
Is there any difference in putting money in PPF account monthly Vs Yearly. Means suppose one put 1000 Rs per month in PPF account and one put 12000 collectively on 1st April only. Will both people will get different interest at the end of the year. Is that largely matters?

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55 Manish Chauhan June 1, 2012 at 7:42 pm

yes, they will get different interest , here is how its calculated : http://www.jagoinvestor.com/2012/02/how-ppf-interest-is-calculated-video.html

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56 Vivek December 21, 2011 at 7:41 am

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?)

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57 Manish Chauhan December 21, 2011 at 11:05 am

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

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58 dr kishan December 29, 2011 at 10:02 pm

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

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59 Manish Chauhan December 30, 2011 at 7:03 pm

Kishan

Actually I meant yearly and not monthly . i correct the mistake

Manish

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60 Abhijit December 19, 2011 at 9:29 am

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

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61 Manish Chauhan December 19, 2011 at 10:59 am

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

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62 Aditya December 19, 2011 at 12:44 pm

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?

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63 Manish Chauhan December 19, 2011 at 1:16 pm

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

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64 Jayaprakash Kanreddy December 20, 2011 at 9:11 am

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.

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65 Manish Chauhan December 20, 2011 at 12:48 pm

Jayaprakash

I think its possible with any PPF and not just SBI PPF .. some one updated that he had PPF with IDBI and he can still add it and transfer money to it :)

Manish

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66 Jayaprakash Kanreddy December 20, 2011 at 12:59 pm

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.

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67 Manish Chauhan December 20, 2011 at 5:48 pm

Jayaprakash

Thanks for that information.

Manish

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68 K.K. Mittal December 19, 2011 at 10:16 am

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.

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69 Manish Chauhan December 19, 2011 at 11:00 am

KK Mittal

Ok , try to add your PPF account as third party as mentioned in the article. check if you succeed ?

Manish

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70 Shobha December 19, 2011 at 10:19 am

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

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71 Manish Chauhan December 19, 2011 at 11:02 am

Shobha

Sure .. do it and update us .. Are you saying your have your PPF also in ICICI only ?

Manish

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72 Shobha December 19, 2011 at 1:57 pm

yup….in 2005 they had an update that PPF will be online. I had opened an account with them, without much knowledge. it never became online.

Now I know I would have better opened with SBI /Post Office, but am stuck (Transfer is too tedious a process :-)

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73 Manish Chauhan December 19, 2011 at 2:01 pm

Shobha

We choose options , options never choose us ! .. better do the tedious task and relax for life , rather than get stuck with tedious task in installments

Manish

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74 Kushank March 22, 2012 at 8:01 pm

ICICI bank now offers online PPF facility :)

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75 Manish Chauhan March 23, 2012 at 8:33 pm

Kushank

Thanks for sharing that, can you give the link !

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76 kviyer December 19, 2011 at 10:19 am

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.

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77 Manish Chauhan December 19, 2011 at 11:03 am

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

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78 kviyer December 19, 2011 at 11:55 am

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.

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79 Chennaivaasi December 19, 2011 at 10:53 am

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.

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80 Manish Chauhan December 19, 2011 at 11:05 am

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

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81 Kalyani December 19, 2011 at 11:14 am

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

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82 Manish Chauhan December 19, 2011 at 11:19 am

Kalyani

I dont think it can be done if PPF is in non-SBI bank , why dont you transfer your PPF account to SBI bank, that would be the best thing

Manish

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83 Sasi December 19, 2011 at 11:20 am

it is really a exciting feature. i am using it right from my account opening.

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84 Manish Chauhan December 19, 2011 at 11:27 am

Sasi

Good to hear that . you have a SBI account and PPF opened at same place ?

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85 Durga December 19, 2011 at 11:40 am

Thanks a lot for this very useful article!!

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86 Manish Chauhan December 19, 2011 at 11:44 am

Durga

Good to hear that . Thanks

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87 Hemant December 19, 2011 at 12:40 pm

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

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88 Manish Chauhan December 19, 2011 at 1:13 pm

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

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89 sachin April 2, 2012 at 12:00 pm

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…

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90 prabe December 19, 2011 at 12:41 pm

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?

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91 Manish Chauhan December 19, 2011 at 1:15 pm

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

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92 umesh December 19, 2011 at 2:03 pm

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

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93 Manish Chauhan December 19, 2011 at 4:40 pm

Umesh

Yes you can start investing in PPF upto 1 lac from now onwards .. its applicable from 1st Dec 2011 . Note that you need to fill up a form to transfer your PPF account at the TARGET Bank

Manish

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94 Asif December 19, 2011 at 10:24 pm

Manish,
Thanks for article!
Can you please provide the details and forms to transfer PPF a/c from PostOffice to SBI branch where the Savings A/c already exists with that SBI branch?

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95 Manish Chauhan December 20, 2011 at 12:52 pm

Asif

I dont have forms , but trust me its simple .. you just need to visit your SBI bank and enquire there .. its just filling up a form there ..

Manish

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96 Binod January 30, 2012 at 7:47 pm

Hi Asif,
I have transferred my PPF account from Post office to SBI in Hyderabad and the details can be found at http://binodshankar.blogspot.com/2012/01/transfer-of-ppf-account-from-post.html.
Hope it will be useful to you.

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97 Manish Chauhan January 30, 2012 at 11:35 pm

Binod

Thanks for updating this info … I was in search for thing like this . I will make a post on this soon .. Thanks again

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98 umesh December 20, 2011 at 8:01 am

thank you manish.

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99 Mithun December 19, 2011 at 3:24 pm

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!

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100 Manish Chauhan December 19, 2011 at 4:26 pm

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

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101 ravindra December 19, 2011 at 5:21 pm

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

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102 Manish Chauhan December 19, 2011 at 5:24 pm

Ranvindra

This is also an option, but i am sure most of the people are looking for a solution which can keep their bums at their home !

manish

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103 Raj December 19, 2011 at 7:31 pm

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

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104 sanjeev December 19, 2011 at 7:43 pm

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

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105 nixon December 19, 2011 at 8:33 pm

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

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106 Manish Chauhan December 20, 2011 at 12:55 pm

Nixon

No , i dont think the signature is required .. the bank statement itself should be enough . You dont need to visit the bank

Manish

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107 sunil December 19, 2011 at 9:45 pm

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

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108 Manish Chauhan December 20, 2011 at 12:55 pm

Sunil

Yes .. you can tranfer it from any bank account . People do it from ICICI and Citibank

Manish

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109 Amit December 19, 2011 at 9:59 pm

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????

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110 Asif December 19, 2011 at 10:30 pm

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!

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111 Manish Chauhan December 20, 2011 at 12:54 pm

Amit

You can invest in Child PPF , but the overall tax benefit will be upto 1 lac only .. I am not sure if the guardian can be some one else than parents

Manish

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112 Amit December 20, 2011 at 11:37 pm

@ 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!!!!!

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113 Amit December 21, 2011 at 12:07 am

oops…its tax free…not interest free at 2nd last line!!!

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114 Asif December 21, 2011 at 9:27 am

Agreed! but it seems people here are suggesting that total maximum amount that can be invested is 1Lac combined of all 3 a/c and not 1Lac per a/c.

I am not sure but read here only. Please go thru all the comments!

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115 Manish Chauhan December 21, 2011 at 12:46 pm

Amit

PPF accounts are not transferable from one person to another person

Manish

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116 Giridhar December 19, 2011 at 10:41 pm

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.

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117 Manish Chauhan December 20, 2011 at 12:51 pm

Giridhar

Good to know that finally it will help some NRI reader :) .

Manish

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118 varghese December 20, 2011 at 1:06 pm

Dear Manish,

It is a news to me. I was always in trouble to find out time to go to the SBH branch to pay the PPF.Also I was under the impression that without a challan copy(counter foil) acknowledged by the bank we cannot claim the Income Tax exemption.
Thanks for your advise.

Regards,
Varghese

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119 Manish Chauhan December 20, 2011 at 5:47 pm

Varghese

Good to know that this article was useful for you .

Manish

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120 Anand December 20, 2011 at 2:54 pm

I have been trasferring money to my SBI PPF aacount from my IDBI bank account succesfuly.

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121 Manish Chauhan December 20, 2011 at 5:33 pm

Anand

Good to hear that .. thanks for confirming

Manish

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122 Deylon March 22, 2012 at 9:13 am

Hi Anand,

Can i get your email address, need to clarify something about the IDBI PPF

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123 ravindranath reddy December 20, 2011 at 6:29 pm

I have a/c in union bank of India. I am using net banking to transfer money into SBI PPF a/c since 6 months.

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124 Manish Chauhan December 20, 2011 at 6:33 pm

Ranvindranath

Good to know that .. Thanks for confirming that its working with any bank

Manish

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125 Shyam December 20, 2011 at 7:19 pm

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.

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126 Manish Chauhan December 20, 2011 at 8:16 pm

Shyam

You need to fill up a form for transfer at your target BRANCH

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127 kavit December 21, 2011 at 7:14 pm

It is possible by putting up application at SBI branch. At the end of financial year you will get interest from your latest branch from the date of transfer. Again you have to approach for credit of last branch interest

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128 Sandeep December 20, 2011 at 8:30 pm

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

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129 Manish Chauhan December 20, 2011 at 8:33 pm

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

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130 Vanga Rajendra Prasad December 20, 2011 at 9:56 pm

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.

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131 Devesh December 21, 2011 at 11:38 am

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.

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132 Manish Chauhan December 21, 2011 at 12:29 pm

Devesh

Yes you should be able to add it , what is the error when you add it ? What do you mean by “Not approved by Bank” ?

Manish

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133 Devesh December 21, 2011 at 12:59 pm

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.

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134 Manish Chauhan December 21, 2011 at 1:02 pm

Devesh

I think you should check with customer care on this now .. I came to know that only a specific series of PPF account are allowed for online transfer and not all .

Manish

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135 kavit December 21, 2011 at 7:11 pm

Try rs. 70000 in one go and Rs. 30000 Second go

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136 Nitin Gupta December 22, 2011 at 7:33 pm

i think u are using HDFC bank.
It takes 2-3 days to add a third party there in HDFC bank

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137 Vanitha December 21, 2011 at 2:49 pm

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?

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138 kavit December 21, 2011 at 7:10 pm

You should open as early as possible and save Rs. 100000 per financial year.

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139 Manish Chauhan December 21, 2011 at 11:32 pm

Vanitha

You should open it before March itself .. Only then in the current year you will be able to claim the tax benefit and it would be better for your retunrs

Manish

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140 Sreedhar December 21, 2011 at 4:52 pm

Hi all,

How about POST office PPF account? Any news about making it online?

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141 Manish Chauhan December 21, 2011 at 11:25 pm

Sreedhar

No , at present only SBI has authorisation to accept online payments for PPF account, why dont you transfer it to SBI

Manish

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142 Sreedhar December 22, 2011 at 3:06 pm

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?

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143 Manish Chauhan December 22, 2011 at 7:07 pm

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

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144 venkat December 21, 2011 at 5:42 pm

Thanks for the info bro. I have been looking for this option for a long time… i will give it a try.

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145 Atul December 22, 2011 at 1:21 pm

Hi Manish,

Thanks a lot.

I was doing this basic thing manually.

Will switchover to online immediately.

Regards

Atul

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146 Manish Chauhan December 22, 2011 at 7:09 pm

Atul

Sure .. let us know when you complete this

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147 Atul December 28, 2011 at 3:08 pm

Hi Manish,

I tried with Rs 500/- and it worked.

Regards

Atul

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148 Manish Chauhan December 28, 2011 at 9:49 pm

Atul

Good to hear that .. congrats

Manish

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149 Ajay December 22, 2011 at 8:32 pm

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?

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150 Anand December 23, 2011 at 2:18 pm

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.

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151 Ajay December 23, 2011 at 8:47 pm

Thanks a lot Anand. It was very clear :)

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152 Manish Chauhan December 23, 2011 at 5:32 pm

Ajay

its calculated on monthly balance, and added back to the pricipal at the end of the year

Manish

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153 Anand December 23, 2011 at 2:13 pm

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?

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154 Manish Chauhan December 23, 2011 at 5:22 pm

Anand

No , you will get the interest only for the time duration you invest in PPF , so you will get the monthly interest , so it would be 30000 * 8.6% * 1/12 (because its monthly) for the month of Jan , then same for the month of Feb and march .

Manish

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155 Anand December 23, 2011 at 6:10 pm

Thanks for your valuable reply Manish,
So can i go ahead and open the PPF in Jan 2012 or else should i wait till April 2012? Please suggest?

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156 Manish Chauhan December 23, 2011 at 6:18 pm

Anand

The earliar you put your money in PPF , the faster it starts earning interest for you .. but if you want to tax benefit in this year , then put in PPF else in Apr its fine

Manish

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157 Anand December 23, 2011 at 6:25 pm

Thanks Manish,
So if i open PPF in Jan 2012, it will get matured on 31st March 2027 and i can withdraw the money on 1st April 2027 right?

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158 Anand December 23, 2011 at 7:51 pm

One last question:

If i open PPF in Jan 2012, it will get matured on 31st March 2027 and i can withdraw the money on 1st April 2027 right?

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159 Manish Chauhan December 24, 2011 at 9:28 pm

Anand

Yes ..

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160 smitha December 24, 2011 at 5:55 pm

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?

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161 Manish Chauhan December 24, 2011 at 9:17 pm

Smitha

Yes .. you can put the rest of the 30k before march and can avail tax deduction for that also under 80C ..

Manish

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162 smitha January 6, 2012 at 2:35 pm

okies thanks so much

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163 LLN December 24, 2011 at 9:50 pm

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

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164 Jayaprakash Kanreddy December 25, 2011 at 9:22 am

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

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165 LLN December 25, 2011 at 1:31 pm

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

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166 Manish Chauhan December 26, 2011 at 9:12 am

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

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167 Jayaprakash Kanreddy December 25, 2011 at 4:03 pm

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.

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168 subodh @ FinanceSynergy December 26, 2011 at 8:00 pm

This was very simple as well as helpful. I will also start using the netbanking for PPF deposit :-)

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169 Rajesh Negi December 27, 2011 at 12:17 pm

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 %?

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170 Manish Chauhan December 27, 2011 at 3:17 pm

Rajesh

You can withdraw the money from your PPF account after 4 yrs …

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171 Sanghmitra January 8, 2012 at 4:26 pm

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

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172 Nilanjan December 27, 2011 at 9:28 pm

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?

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173 Manish Chauhan December 28, 2011 at 9:59 am

Nilanjan

Yea you will have to visit the branch for withdrawing the money .

Manish

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174 Nilanjan December 28, 2011 at 10:35 am

Thanks Manish !!! :)

It would have been great if one could have just transfered the amonut online after 15 years!!! :(

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175 Manish Chauhan December 28, 2011 at 11:40 am

NIlanjan

I think you should not think for 15 yrs .. its too long to worry about :)

Manish

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176 AMIT DOSHI December 28, 2011 at 12:50 pm

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.

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177 Manish Chauhan December 28, 2011 at 10:25 pm

Amit

Good to hear that you are not dependent on agent :) . Keep reading

Manish

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178 Akhil December 29, 2011 at 10:28 pm

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

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179 Manish Chauhan December 30, 2011 at 6:55 pm

Akhil

I dont know this .. I mean I am not sure about this .. I will check on forum : http://www.jagoinvestor.com/forum/doubt-regarding-clubbing-of-income-in-wife-ppf-account/2483/

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180 Karthikraja December 29, 2011 at 11:27 pm

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.

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181 nimesh shah December 30, 2011 at 1:39 pm

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.

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182 Manish Chauhan December 30, 2011 at 6:27 pm

Nimesh

thats means that the branch you have is not having internet banking enabled for it .

Manish

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183 HIMANSHU January 2, 2012 at 2:31 pm

How to get PPF information if I know PPF A/c no.

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184 Manish Chauhan January 2, 2012 at 11:21 pm

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

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185 Narsing January 2, 2012 at 3:23 pm

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

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186 Manish Chauhan January 2, 2012 at 10:55 pm

Narsing

Thats great to know .. keep reading

Manish

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187 Sanjay January 2, 2012 at 11:46 pm

Thanks a ton for the above details, it are very usefull.

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188 Manish Chauhan January 3, 2012 at 11:43 pm

Sanjay

Good to know you got some good tip out of it .. do it and let us know

Manish

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189 chittibabu January 3, 2012 at 5:00 pm

hi Manish,

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

Chittibabu

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190 Manish Chauhan January 3, 2012 at 11:27 pm

Chittibabu

You will have to transfer the PPF to SBI , only then its possible

Manish

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191 Pradeep Borah January 5, 2012 at 5:11 pm

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.

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192 Manish Chauhan January 7, 2012 at 1:31 pm

Pradeep

Thats a good news .. so what you are saying is that even a LOAN Account number can be added as third party and then a prepayment can be done to that ?

Manish

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193 Girish January 6, 2012 at 2:37 pm

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.

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194 Manish Chauhan January 7, 2012 at 12:25 pm

Girish

Thanks for that update .. so even if you dont have the same branch for PPF and bank account . you can still view the PPF

Manish

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195 Naveej January 6, 2012 at 4:05 pm

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

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196 Pradeep Borah January 6, 2012 at 5:26 pm

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.

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197 Manish Chauhan January 6, 2012 at 9:49 pm

Naveej

That can be an issue if you ask this question today on 6th Jan when its the time to give the proofs :)

Manish

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198 Girish January 9, 2012 at 10:43 am

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.

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199 Satish January 11, 2012 at 2:21 pm

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.)

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200 Manish Chauhan January 11, 2012 at 10:28 pm

Satish

You cant transfer money like that .. Also whatever fresh investment you do in PPF will be counted as your 80C deductions

Manish

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201 Hitesh January 13, 2012 at 11:56 am

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

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202 Manish Chauhan January 13, 2012 at 9:45 pm

Hitesh

1. “account type” is only for info purpose and not actually for transaction , so you can choose savings”

2. Yes you can put IFSC code . however you can also go the way of choosing the actual address

Manish

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203 Hitesh January 14, 2012 at 2:05 pm

Thanks a lot Manish. I will do it let u know the result.

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204 Ajay January 14, 2012 at 10:05 am

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..

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205 Manish Chauhan January 15, 2012 at 5:47 pm

Ajay

Good to hear that its working for you ..

Manish

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206 ashok January 17, 2012 at 12:57 pm

Hi Manish,

Can an NRI open PPF a/c with icicibank or sbi bank, if yes, what are the documents to be fill,

Please can you hlep me

Thank you
Ashok

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207 Manish Chauhan January 18, 2012 at 7:53 pm

Ashok

NRI cant open PPF account

Manish

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208 madanna January 17, 2012 at 4:53 pm

Hi Mr. Manish,

What is the minimum amount we can start saving in the PPF account

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209 Manish Chauhan January 17, 2012 at 7:25 pm

Madanna

Min Rs 500 per year

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210 Ajay January 17, 2012 at 8:32 pm

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 .

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211 Manish Chauhan January 18, 2012 at 7:11 pm

Ajay

thats little tricky .. i am not sure on this .. try to ask it on our forum : http://www.jagoinvestor.com/forum/

Manish

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212 Phani January 26, 2012 at 8:19 pm

Yes, you can get the passbook updated at any SBI branch which handles the treasury (government) transactions.
Normal SBI branches also can view your account and just tell orally whether the amount is credited or not.
The assumption is your home branch got Core Banking :)

Regards

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213 sarika January 18, 2012 at 3:34 am

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

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214 Manish Chauhan January 18, 2012 at 1:42 pm

Sarika

Better transfer it to SBI in that case .. What help you need from us ?

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215 Phani January 26, 2012 at 8:22 pm

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

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216 Manish Chauhan January 28, 2012 at 12:21 pm

Phani

Good to hear that you liked this one and it helped you

Manish

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217 sudhank January 29, 2012 at 2:17 pm

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 !!

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218 Manish Chauhan January 29, 2012 at 2:28 pm

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

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219 Vinitha January 30, 2012 at 4:53 pm

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.

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220 Vineet January 30, 2012 at 6:34 pm

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…

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221 Seema February 2, 2012 at 3:13 pm

SBI is not accepting minor account now… how can i convince them to open one??

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222 Seema February 2, 2012 at 3:13 pm

I have done the ppf account linking to my icici acc.. how do i see the balance online thru icici or thru sbi??

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223 Manish Chauhan February 2, 2012 at 3:23 pm

Seema

Better you link the PPF account with SBI , because you can view it online only using SBI , not from ICICI

Manish

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224 Sreekanth Garladinne February 6, 2012 at 2:32 pm

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!!

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225 Manish Chauhan February 6, 2012 at 2:48 pm

Sreekanth

Good to hear that finally this helps you :)

Manish

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226 Shailesh February 6, 2012 at 7:11 pm

Hi Manish,

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

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227 Prakash Gudnavar February 9, 2012 at 6:04 pm

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

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228 Manish Chauhan February 13, 2012 at 10:37 pm

Prakash

BEtter once go to SBI and check your PPF balance updated and check .. mostly it should be ok :)

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229 Padmanabha February 10, 2012 at 10:24 am

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.

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230 Manish Chauhan February 13, 2012 at 10:23 pm

Padmanabha

Yes .. i am sure its the reason why its not working .. you cant do much on that i guess

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231 saurabh February 12, 2012 at 2:51 pm

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

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232 Manish Chauhan February 13, 2012 at 8:46 pm

Saurabh

That might be the case , but I am not sure .. check with PPF department

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233 saurabh nawathe March 3, 2012 at 10:48 am

I had consult with SBI and come up to conclusion that amount should be of multiple of 5.

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234 shirish February 14, 2012 at 2:02 pm

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

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235 Manish Chauhan February 15, 2012 at 1:53 pm

Shirish

The article says that you can invest in PPF online, it does not say that you can OPEN an account online .. you will have to visit once personally to open the PPF account in SBI , and you can do that in any other city, just that they may require your residence proof . see this : http://www.jagoinvestor.com/2010/02/how-to-open-a-ppf-account-at-sbi-bank.html

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236 Chetan Ayare February 16, 2012 at 3:05 pm

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

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237 Manish Chauhan February 17, 2012 at 5:08 pm

You dont need to depend on your company to withdraw the PF . you can do it on your own , also file an RTI application if you want to know more about it !

Manish

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238 startplanning February 27, 2012 at 2:15 pm

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?

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239 Manish Chauhan February 27, 2012 at 7:27 pm

No , if spouse is nt working and child is minor , max is 1 lac only ..

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240 Hemant March 2, 2012 at 7:21 pm

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

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241 Manish Chauhan March 3, 2012 at 10:27 am

Hemant

Good to know that it worked ! congratulations !

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242 Surendra March 3, 2012 at 7:15 pm

hi Manish,

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

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243 Manish Chauhan March 5, 2012 at 3:47 pm

surendra

Yes .. many people have done it , check the comments section

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244 Devendra March 8, 2012 at 2:18 pm

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

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245 Manish Chauhan March 8, 2012 at 3:46 pm

Devendra

ICICI had PPF account earliar , but now they dont have it , so you can open it in SBI now , I recommend you open it in SBI only

Manish

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246 Suunil March 26, 2012 at 3:25 am

Hi Manish,

You can open PPF account online through ICICI bank. You will have to login into your ICICI bank account and on left side menus, you will find “PPF Account Online” menu (No.5 from the top).

I am not sure how is the service of ICICI Bank regarding PPF account as I have gone through http://www.consumercomplaints.in/complaints/icici-ppf-ac-c55003.html link. Its started in 2008 but latest experience is also there.

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247 Suunil March 26, 2012 at 3:31 am

Manish,

One more thing. External links do not open in another window from your website. Sometimes if I am reading some blog and there is one external link to refer, it opens on same window. After reading that external link, I lose track of original blog and go somewhere. I hope this happens to everybody. Can you correct it?

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248 Manish Chauhan March 26, 2012 at 1:12 pm

Sunil

All you need to do is press a CTRL key and then click on the link , it will open in the new window !

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249 Suunil March 27, 2012 at 11:49 pm

:) Thanks Manish. Pressing CTRL key will open link in new tab and SHIFT key will open link in new browser.

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250 Manish Chauhan March 26, 2012 at 1:12 pm

Suunil

THanks for your guidance on this !

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251 Suunil March 27, 2012 at 11:51 pm

Your are welcome Manish.

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252 Ram March 15, 2012 at 7:14 am

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

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253 Manish Chauhan March 15, 2012 at 1:15 pm

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.

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254 Vijay March 15, 2012 at 10:45 am

Hi Manish,

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

Cheers.

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255 Manish Chauhan March 15, 2012 at 1:06 pm

Thanks Vijay :)

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256 Dr Rajen Gordhandas March 21, 2012 at 11:16 am

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

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257 Manish Chauhan March 21, 2012 at 11:27 am

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 !

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258 Jalpesh vyas March 22, 2012 at 2:42 pm

Can i transfer money from Kotak Bank or HDFC bank to my SBI PPF A/C

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259 Manish Chauhan March 22, 2012 at 3:30 pm

Yes Jalpesh

You can read this comment where this guy did it from his HDFC account : http://www.jagoinvestor.com/2012/03/term-insurance-plan-cover-above-50-lacs.html#comment-40542

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260 Nataraj March 22, 2012 at 3:00 pm

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.

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261 Manish Chauhan March 22, 2012 at 3:27 pm

Nataraj

Good to hear that it worked for you , I am sure this will make your financial life a little simple :) and automated

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262 Partha Sarathi March 23, 2012 at 9:16 am

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?

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263 Manish Chauhan March 23, 2012 at 5:20 pm
264 Arun March 29, 2012 at 9:39 am

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.

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265 Manish Chauhan March 29, 2012 at 10:48 am

Arun

Good to hear that .. so you are saying that one does not even need to visit the ICICI bank for this ?

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266 Vineet March 29, 2012 at 2:23 pm

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.

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267 Manish Chauhan March 29, 2012 at 5:46 pm

Vineet

I am sure that the online transfer from other account should work even in this one !

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268 Vineet March 30, 2012 at 10:40 am

Manish,

I am not talking about online transfer of money. I am sure it will work. I am talking about moving PPF account in SBI or BOI to ICICI.

Vineet

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269 Manish Chauhan March 31, 2012 at 12:00 pm

Vineet

Yes you can do that and it does not require a SBI Bank account also.

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270 Suunil March 29, 2012 at 10:48 pm

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.

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271 Suunil April 4, 2012 at 9:04 pm

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.

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272 Manish Chauhan April 5, 2012 at 5:56 pm

Thanks for update , please update about this more !

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273 Suunil April 13, 2012 at 3:19 pm

Hi Manish,

My PPF account is opened in ICICI bank. They did not ask any other paper or formalities. I took 10 days (including non-working days) to open. Till now its smooth operation. Lets see whats in future.

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274 Manish Chauhan April 17, 2012 at 4:56 pm

Thanks for updating that .. let us know if you face any issue in future !

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275 Suunil April 13, 2012 at 3:19 pm

Hi Manish,

My PPF account is opened in ICICI bank. They did not ask any other paper or formalities. It took 10 days (including non-working days) to open. Till now its smooth operation with ICICI Bank. Lets see whats in future.

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276 Parag April 13, 2012 at 5:55 pm

Hi Suunil,

Can you see your PPF balance online.

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277 Suunil April 13, 2012 at 10:17 pm

Yes Parag, I am able to see the balance online.

Manish, can you delete my reply no. 244 as it was submitted twice? Sorry for the inconvenience.

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278 Monika March 30, 2012 at 1:40 am

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 …

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279 Manish Chauhan March 31, 2012 at 12:03 pm

Monika

Good to see that it made your life easy ! .. Share this knowledge with others !

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280 Rupesh Kumar March 31, 2012 at 10:25 am

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.

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281 Manish Chauhan March 31, 2012 at 11:31 am

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 !

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282 Giridhar March 31, 2012 at 12:43 pm

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

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283 Manish Chauhan April 2, 2012 at 6:03 pm

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 !

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284 anuj April 3, 2012 at 12:14 pm

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.

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285 Manish Chauhan April 3, 2012 at 4:54 pm
286 anuj April 4, 2012 at 12:47 pm

Manish,
thanks a lot for clearing all my confusion regarding transfer of amount from icici to ppf and secondly for the ppf interest computation.

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287 Saloni Desai April 3, 2012 at 1:49 pm

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 ?

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288 Manish Chauhan April 3, 2012 at 4:47 pm

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 !

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289 anji April 3, 2012 at 11:19 pm

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 ?

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290 Manish Chauhan April 6, 2012 at 11:02 am

Anji

No I dont think that should be an issue

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291 Nawraj April 7, 2012 at 1:36 pm

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 !!!

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292 Manish Chauhan April 18, 2012 at 11:42 am

Nawraj

Great .. did you open one ?

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293 Rohit April 9, 2012 at 2:57 pm

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.

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294 Manish Chauhan April 17, 2012 at 9:09 pm

Rohit

I dont think so , you should be able to do it from the main branch in this city itself .. Kindly ask it on our forum

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295 RKG April 10, 2012 at 8:29 am

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 ?

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296 Manish Chauhan April 10, 2012 at 2:47 pm

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 !

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297 Dharmesh Vyas April 10, 2012 at 1:02 pm

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

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298 Manish Chauhan April 10, 2012 at 2:35 pm

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 …

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299 Dharmesh Vyas April 10, 2012 at 3:11 pm

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)?

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300 Manish Chauhan April 10, 2012 at 3:40 pm

Dharmesh

source branch has to be contacted for sure .. but then I am now in confusion if the target also has to be contacted .

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301 Avinash April 12, 2012 at 11:05 pm

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

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302 Manish Chauhan April 17, 2012 at 6:00 pm

Avinash

You can do it unlimited number of times

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303 dharmesh Modi April 15, 2012 at 4:26 pm

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..

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304 Manish Chauhan April 17, 2012 at 3:22 pm
305 k.suresh April 19, 2012 at 5:02 pm

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

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306 Unnikrishna Menon April 22, 2012 at 4:26 pm

I am a PPF Member; my daughter has started working in Mumbai and she wants to contribute to my PPF A/c; can she e-pay in my PPF A/c with SBI ?? pls do guide me
Thanks & Regards

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307 Manish Chauhan April 23, 2012 at 10:16 am

It should ideally be done by you .. but she can always login in your name and make the payment . Ask her to drop a cheque to your account if possible

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308 Unnikrishna Menon April 24, 2012 at 12:19 pm

Tqu Sir for the valuable advice. Vande Mataram

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309 Amit April 30, 2012 at 6:47 am

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

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310 Manish Chauhan May 1, 2012 at 11:23 am

I know :) .. thats why I shared this info with you all .. now you share it with others !

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311 Harshit Patel May 1, 2012 at 7:07 pm

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 ?

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312 Manish Chauhan May 2, 2012 at 10:56 am

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

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313 Wilson Jebanesan May 2, 2012 at 5:36 pm

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

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314 Manish Chauhan May 3, 2012 at 10:54 am

You can open a PPF account either at SBI or ICICI Bank (SBI is preferable) . Now you can invest in your PPF account whenever you want, just that Rs 500 per year is minimum to be invested

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315 Sanghmitra August 7, 2012 at 3:26 pm

why SBI for so long is preferred for PPF a/c…why not ICICI which is having a secure position in india?

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316 Manish Chauhan August 8, 2012 at 7:38 pm

Because SBI is doing it from last 40-50 yrs !

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317 Pawan May 4, 2012 at 2:23 pm

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.

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318 Manish Chauhan May 4, 2012 at 4:59 pm

Thanks Pawan

Good to hear it was helpful to you

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319 Mukul May 8, 2012 at 9:01 pm

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.

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320 Dnyaesh May 9, 2012 at 2:27 pm

Hi Manish

Is any introducer requires to open a PPF account as i am not having any account in SBI

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321 Manish Chauhan May 9, 2012 at 6:00 pm

No

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322 Dnyaesh May 9, 2012 at 2:33 pm

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

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323 Manish Chauhan May 9, 2012 at 6:00 pm

Dnayesh

No it should be free ..

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324 Swarup Saha May 10, 2012 at 11:45 am

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 ?

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325 Manish Chauhan May 11, 2012 at 11:15 am

Yes you should be able to do that .. talk to SBI branch on this

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326 Swarup Saha May 11, 2012 at 11:17 am

Thanks Manish…lets talk to my branch and will let you know the updates

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327 Manish Chauhan May 11, 2012 at 11:27 am

Swarup

Sure !

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328 Swarup Saha June 12, 2012 at 10:58 am

Thanks Manish…..talked to the concerned branch and got my online facility activated.The details of my PPF a/c are also shown online…….makes life EASY… :-)

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329 Manish Chauhan June 12, 2012 at 7:23 pm

Great :) … You will really save some trips to banks !

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330 Saurav Kataruka May 12, 2012 at 2:31 pm

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.

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331 Saurav Kataruka May 12, 2012 at 3:30 pm

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.

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332 Manish Chauhan May 14, 2012 at 6:30 pm

Saurav

If you open the SBI bank account and PPF at the same branch , dont worry , it will happen on its own ! .. else you can link them later !

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333 Arun kumar May 14, 2012 at 12:43 pm

I have saving account in State bank of Mysore. Is it possible to open an PPF account via SMB bank?

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334 Manish Chauhan May 14, 2012 at 5:28 pm

I am not sure of that . Its not subsidiary of SBI i guess ..

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335 Arun kumar May 23, 2012 at 1:13 pm

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.

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336 Manish Chauhan May 23, 2012 at 2:07 pm

Arun

Did you follow the procedure mentioned in this article ?

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337 Arun kumar May 23, 2012 at 2:16 pm

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

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338 Manish Chauhan May 23, 2012 at 10:24 pm

Yes Arun

You can pay 1 lac in one shot or you can divide it in any number of part (max 12)

Manish

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339 Abhishek May 16, 2012 at 11:56 am

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

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340 Manish Chauhan May 16, 2012 at 8:56 pm

That will be given by SBI only . I am not sure of the link . Please enquire in forum : http://www.jagoinvestor.com/forum

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341 Anand July 4, 2012 at 1:28 pm

There is no transfer form as such. Just give the request on a plain paper.

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342 Santosh Prasad September 25, 2012 at 1:59 am

Yes, one has to write an application on plain paper. I also did the same thing and my PPF A/c was transferred from one SBI branch to another SBI branch within 2 weeks.

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343 Smita May 16, 2012 at 5:26 pm

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

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344 Manish Chauhan May 16, 2012 at 8:26 pm

thanks for confirming this !

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345 mahen May 17, 2012 at 4:10 pm

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.

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346 Manish Chauhan May 18, 2012 at 9:21 am

Why dont you transfer the PPF account to ICICI or SBI once .. That would be one time task and then you can use this . Yes if you invest the PPF money in your minor son account, the income would be tax free from both the PPF accounts

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347 Mahen May 18, 2012 at 10:25 am

Thank you Manish. I am not aware if the PPF a/c even can be tranferred. Your prompt reply is really appreciated. I will try for the transfer of a/c.
Thanks a lot.

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348 Manish Chauhan May 18, 2012 at 10:53 am

Fill form 13 for transfer

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349 Santosh Prasad September 25, 2012 at 1:57 am

Form-13 for PPF Transfer? Manish, are you talking about EPF Transfer?

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350 Manish Chauhan September 26, 2012 at 11:59 am

Eh.. yea i was talking about EPF :)

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351 Ravish Hasija May 28, 2012 at 3:07 am

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

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352 Manish Chauhan May 29, 2012 at 10:58 am

No Ravish

there should not be anything like that, just that SBI is standard place of PPF from so many years .. thats all

Manish

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353 prashant June 4, 2012 at 12:04 pm

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

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354 Manish Chauhan June 4, 2012 at 11:41 pm

you will have to transfer it first ..

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355 Avinash June 5, 2012 at 6:05 pm

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

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356 Manish Chauhan June 6, 2012 at 6:37 pm

You will get a form from SBI on this

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357 Ashish June 7, 2012 at 3:51 pm

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?

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358 Manish Chauhan June 7, 2012 at 10:24 pm

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

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359 praveen June 8, 2012 at 2:39 pm

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?

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360 Manish Chauhan June 8, 2012 at 7:02 pm

This should not happen , you can also add the account with the address also , right ..

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361 Praveen June 20, 2012 at 8:53 pm

Yes,I was able to add by address of Bank.tahnks Manish

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362 Rajeshree June 16, 2012 at 11:29 am

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

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363 Muthu Krishnan V June 16, 2012 at 11:14 pm

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.

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364 Rajeshree June 18, 2012 at 3:28 pm

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.

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365 Srinivas June 18, 2012 at 6:00 pm

i have a/c in andhra bank i can transfore the money in to PPF

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366 naresh June 21, 2012 at 6:23 pm

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?

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367 Ranbir Singh June 28, 2012 at 12:09 pm

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

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368 Manish Chauhan June 28, 2012 at 7:44 pm

I am planning to write a detailed post on this, will give you that very soon !

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369 Rajat August 1, 2012 at 12:11 pm

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.

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370 Manish Chauhan August 1, 2012 at 9:33 pm

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

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371 Vijay August 4, 2012 at 6:14 pm

can i withdraw my PPF amount after one year ? please ans:

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372 Manish Chauhan August 4, 2012 at 6:16 pm

Yes you can , but you need to leave your job for that , and the money will be taxable !

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373 Sachin October 6, 2012 at 10:45 pm

What .. How ppf is related to job ? I think manish u confused with pf

@Vijay no u cnt withdraw
Thanks

Sachin

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374 Manish Chauhan October 9, 2012 at 10:26 am

I meant EPF in that case

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375 Sachin October 9, 2012 at 8:46 pm

yeah in that case you right , cheers !!!

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376 Abhishek August 8, 2012 at 6:10 pm

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.

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377 Manish Chauhan August 8, 2012 at 6:49 pm

Abhishek

Yes .. an online printout should be enough

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378 Saurav Kataruka August 19, 2012 at 4:32 pm

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.

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379 Manish Chauhan August 19, 2012 at 10:26 pm

Even I dont have PPF in ICICI . Not sure on this point .. will have to find more on this

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380 Ashish August 14, 2012 at 8:11 pm

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???

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381 Manish Chauhan August 17, 2012 at 2:37 pm

Yes ,she will not get the tax benefit , because its not her money !

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382 Praveen K August 22, 2012 at 12:40 pm

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

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383 Manish Chauhan August 22, 2012 at 6:34 pm

As of now SBI only has online facility . It would take time for IOB to get that kind of facility. Better transfer it to SBI

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384 Savingfunda August 30, 2012 at 12:29 pm

This really looks a hassle free way of transferring money to PPF account. thanks for sharing this nice tip.

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385 Manish Chauhan August 31, 2012 at 10:22 am

Yea it is , and you can also see so many people doing it , read the article comments

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386 Sureshbabu SVCH September 11, 2012 at 5:16 pm

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 ?

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387 Manish Chauhan September 12, 2012 at 10:13 am

You cant do it online , you need to pay 150 (50 X 3) + 1500 (500X3) and revive the account

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388 Abhijit September 17, 2012 at 1:40 pm

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

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389 Manish Chauhan September 18, 2012 at 10:18 am

Good to hear that Abhijit !

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390 Sai September 19, 2012 at 8:03 am

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

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391 Manish Chauhan September 19, 2012 at 5:24 pm

No there is no tax issue on that

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392 Pradip September 26, 2012 at 4:47 pm

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

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393 Manish Chauhan September 29, 2012 at 12:00 pm

I didnt get you , you want to take out your PPF money , right .. either you will get a cheque or you will get it back in your SBI account

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394 Sunil October 2, 2012 at 2:36 am

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.

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395 Manish Chauhan October 2, 2012 at 12:55 pm

yes , you should be able to connect your saving bank to your PPF account, do exactly what is mentioned in this article

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396 Parag November 5, 2012 at 4:36 pm

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..?

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397 Manish Chauhan November 6, 2012 at 3:13 pm

You can do all the 3

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398 Josh November 27, 2012 at 9:37 am

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 :)

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399 Manish Chauhan November 30, 2012 at 1:19 pm

Thanks Josh :)

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400 Sachin December 10, 2012 at 1:00 pm

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

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401 Manish Chauhan December 10, 2012 at 1:43 pm

Only where you hold the PPF account, not on any branch !

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402 Sachin December 28, 2012 at 11:52 am

Hi Manish,

I was succesful in getting the passbook updated from a different SBI branch. They also said that since it is a nationalised bank you can get it updated from any SBI branch whether you have an account there or not :)

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403 Manish Chauhan December 29, 2012 at 7:52 pm

Great .. good to hear that !

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404 pavan kumar December 10, 2012 at 1:02 pm

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

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405 Manish Chauhan December 10, 2012 at 1:42 pm

Pavan

Yes , the online receipt should be good enough to claim it .

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406 Abhijit December 13, 2012 at 11:45 am

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.

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407 Manish Chauhan December 19, 2012 at 4:13 pm

Thanks for sharing that !

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408 Diya December 17, 2012 at 4:33 pm

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.

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409 Manish Chauhan December 19, 2012 at 1:17 pm

It will be changed then , note that interest is added on monthly basis – http://www.jagoinvestor.com/2012/02/how-ppf-interest-is-calculated-video.html

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410 Pramod December 18, 2012 at 2:03 pm

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.

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411 Manish Chauhan December 19, 2012 at 12:54 pm

You will get this info either by RTI or by putting a question on our forum – http://www.jagoinvestor.com/forum/

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412 Amit Khera December 25, 2012 at 12:43 am

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.

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413 Manish Chauhan December 25, 2012 at 5:57 pm

I am not sure on this , the requirement is that the PPF account has to be with SBI , Now I am not sure if the associate banks would do !

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414 pp December 27, 2012 at 6:22 pm

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

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415 Manish Chauhan December 29, 2012 at 8:01 pm

Prashant ..

Call center guys know what they are taught by their training teams !

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416 Mayuresh December 27, 2012 at 3:45 pm

Excellent writeup Manish. Was looking for this info for a long time. Thanks a lot.

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417 Manish Chauhan December 29, 2012 at 8:06 pm

Thanks Mayuresh !

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418 sankalp January 2, 2013 at 11:41 am

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

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419 Manish Chauhan January 3, 2013 at 12:13 pm

How can they ask that amount ? Ask them which charges are these ? Are they as per the guidelines, tell them you want to enquire using RTI on this and ask his name also !

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420 Ganesh January 4, 2013 at 1:32 pm

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.

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421 Manish Chauhan January 7, 2013 at 7:34 pm

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 .

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422 Priyanka January 8, 2013 at 3:04 pm

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?

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423 Manish Chauhan January 8, 2013 at 4:33 pm

There is no requirement like that . you can get it updated from anywhere. JUst tell them you will enquire using RTI and they should start doing the right thing

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424 Archana Ziradkar January 8, 2013 at 5:14 pm

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

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425 Manish Chauhan January 9, 2013 at 10:18 am

You will not get a seperate reciept like that .. the entry can be made in your passbook when you visit the bank or the statement will also show the transfer, that should be enough

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426 Archana Ziradkar January 10, 2013 at 12:07 pm

Thanks, Manish!

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427 Rajiv Sinha January 8, 2013 at 9:23 pm

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

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428 Manish Chauhan January 9, 2013 at 9:19 am

Yes, thats what people do who have SBI PPF .. Talk to your sbi branch and ask them how to connect SBI PPF to your SBI account . It can be done .

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429 sandy January 9, 2013 at 10:02 am

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

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430 Manish Chauhan January 9, 2013 at 10:19 am

Sandy

1. Yes
2. Yes , but why dont you ask her to transfer it herself, better you give her the money

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431 sandy January 9, 2013 at 10:32 am

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.

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432 Manish Chauhan January 9, 2013 at 10:47 am

I think you should check on our forum for this – http://www.jagoinvestor.com/forum/

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433 Chet January 10, 2013 at 11:59 am

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!

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434 Suman Kumar February 2, 2013 at 10:10 am

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.

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435 Manish Chauhan February 6, 2013 at 3:11 pm

Write both ..

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436 Satheesh.A February 5, 2013 at 4:44 pm

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.

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437 Sarath February 6, 2013 at 10:21 am

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

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438 Manish Chauhan February 6, 2013 at 10:31 am

Sarath

That should be possible .. yes a icici bank statement should be enough .

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439 Ashwin February 18, 2013 at 5:38 pm

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!!!

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440 Manish Chauhan February 21, 2013 at 10:20 am

Ashwin

1. It will be 31st Mar 2013

2. No , it will start now onwards itself !

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441 Ashwin February 21, 2013 at 11:05 pm

Thanks Manish…. The information was helpful :)

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442 Abhishek March 6, 2013 at 12:40 pm

What documents needed to open PPF account?
Also does any thing required for two referee who signed?

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443 Manish Chauhan March 8, 2013 at 8:12 pm

You just need address and identity proof !

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444 Abhishek March 11, 2013 at 11:31 am

Hi Manish,

Thanks.
I opened my PPF account with SBI,
Just with PAN card and driving license photocopy .
They just asked my SBI account no and done!

Took 10 mins.

I paid very first PPF premium online with SBI net-banking.

Manish, your articles helping alot . Keep Going .

Now I am looking for best SIP to start up for short term goal.. ;)

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445 Manish Chauhan March 13, 2013 at 11:57 am

Thanks for sharing that :) .. its so easy !

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446 Nilam March 12, 2013 at 2:22 pm

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

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447 Manish Chauhan March 13, 2013 at 11:17 am

You can transfer money from any bank account to SBI PPF account

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448 Anand March 27, 2013 at 11:39 am

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 :-(

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449 Manish Chauhan March 27, 2013 at 11:45 am

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 ..

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450 Francis Xavier R March 27, 2013 at 12:12 pm

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!).

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451 Anand April 9, 2013 at 9:40 pm

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

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452 Harish March 29, 2013 at 4:26 pm

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 ?

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453 Manish Chauhan April 3, 2013 at 11:16 am

Yes , its possible

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454 aditya April 9, 2013 at 12:02 pm

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?

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455 Manish Chauhan April 12, 2013 at 11:59 am

Yes, you need to pay a penalty of Rs 50 and Rs 500 for each year of inactive year . Not such a big issue :) . But the amount in PPF will keep earning the interest for itself

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456 kishalay jani April 20, 2013 at 2:20 am

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..

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457 Manish Chauhan April 26, 2013 at 2:14 pm

Its explained in the article itself , right !

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458 Rajiv April 21, 2013 at 10:36 pm

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?

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459 Manish Chauhan April 26, 2013 at 2:02 pm
460 Nisha May 7, 2013 at 12:37 pm

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……..

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461 Manish Chauhan May 10, 2013 at 4:17 pm

NO it fine .. there is no issue :)

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462 Manoj Kumar May 29, 2013 at 4:58 pm

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

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463 Manish Chauhan May 31, 2013 at 4:38 pm

Manoj

Online to PPF is possible and hundreds have done it already . Bank people do not know

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464 SB July 3, 2013 at 3:20 pm

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.

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465 Manish Chauhan July 5, 2013 at 10:10 am

No , you can open it with other banks as well . In ICICI is fine !

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466 Arun ganesh August 2, 2013 at 7:04 pm

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.

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467 Manish Chauhan August 5, 2013 at 12:14 pm

I am not clear about your question

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468 Hormuz Tamboly August 22, 2013 at 4:28 pm

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.

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469 Manish Chauhan August 29, 2013 at 3:02 pm

SBI is the favorite baby of govt :)

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470 Rajesh Kumar August 23, 2013 at 2:22 pm

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?

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471 Manish Chauhan August 29, 2013 at 2:39 pm

Not sure then .

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472 Sharad Kumar September 3, 2013 at 3:35 pm

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 ???

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473 Manish Chauhan September 7, 2013 at 6:07 pm

Ask the PPF department on what is to be done in this case and they will guide you .

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474 Sharad Kumar September 9, 2013 at 2:36 pm

Sir,

I need guidance from you. These bank people are not guiding on this in any way.

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475 Manish Chauhan September 18, 2013 at 9:06 am

What guidance you need ?

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476 Sharad Kumar September 19, 2013 at 3:35 pm

How to show in the IT return & what can be the legal implication if IT people come to know about two accounts.

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477 Manish Chauhan September 25, 2013 at 2:11 pm

You will have to reverse the tax benefits if taken on another account

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478 Sharad Kumar September 26, 2013 at 2:13 pm

I have not yet taken any tax benefits and dont want to take unless required legally. Also i am not showing in my IT return also. Is it Ok.

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479 Manish Chauhan September 30, 2013 at 9:30 am

Why are you not filing tax returns ?

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480 Sharad Kumar September 30, 2013 at 11:13 am

I am filing tax returns but not showing this ppf account in it.

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481 Manish Chauhan October 7, 2013 at 8:46 am

Why ?

482 Sharad Kumar October 13, 2013 at 12:37 am

because having two ppf accounts is illegal. it is a mistake done. If these IT people see then they may create problems. ??. Am I Right ??

483 dipesh September 3, 2013 at 8:34 pm

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.

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484 Manish Chauhan September 7, 2013 at 5:44 pm

I am not sure on this ,. but you have to check out on your own , have you tried linking ?

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485 Binu P Thomas October 14, 2013 at 8:12 am

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

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486 Manish Chauhan October 18, 2013 at 9:32 pm

Nice .. seems like BOI has integrated PPF in a great way !

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487 ramesh November 1, 2013 at 10:55 pm

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…….

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488 Manish Chauhan November 4, 2013 at 10:31 am

Yes, it should be .. you have to check your SBI netbanking after few weeks and check . If its not there, go to SBI branch and they will help you on that !

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489 Suresh November 6, 2013 at 11:19 pm

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.

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490 Suresh November 6, 2013 at 11:20 pm

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.

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491 Manish Chauhan November 12, 2013 at 8:59 pm

There is no facility of online payment internally. Only with SBI PPF its possible !

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492 SUMIT November 13, 2013 at 2:19 pm

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 ?

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493 Manish Chauhan November 14, 2013 at 2:49 pm

Hi Sumit

Its a good question on PPF , but even I am not sure on this . Can you open a thread on our forum – http://www.jagoinvestor.com/forum . You will get the answer there for sure !

Manish

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494 bhavin November 14, 2013 at 11:04 am

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.

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495 bhavin November 14, 2013 at 11:05 am

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

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496 Manish Chauhan November 14, 2013 at 2:11 pm

Thanks for the information , can you provide me a link which says so ?

Manish

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497 Bhavin November 14, 2013 at 2:34 pm

Hi Manish,

Its available in SBI Net banking. if You have SBI Netbanking click on e-Services from top menu. You can see “New PPF Account” link on the left hand side.

Thanks & Regards,
Bhavin

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498 manjyu rawat November 29, 2013 at 11:15 am

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

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499 Manish Chauhan December 12, 2013 at 4:34 pm

It will not work , because only SBI PPF can take online payments

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500 ritesh December 31, 2013 at 2:56 am

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

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501 Manish Chauhan January 4, 2014 at 11:47 am

I am not very sure on this . Please ask it on our forum http://www.jagoinvestor.com/forum

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502 sanjay March 1, 2014 at 7:34 am

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.

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503 Manish Chauhan March 2, 2014 at 6:31 pm

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

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504 Pankaj March 28, 2014 at 2:01 pm

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?

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505 Manish Chauhan April 10, 2014 at 4:13 pm

Yes !

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506 Colonel Zaysen April 2, 2014 at 5:03 pm

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

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507 Colonel Zaysen April 4, 2014 at 10:01 pm

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

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508 Manish Chauhan April 10, 2014 at 2:03 pm

Thanks for that info !

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509 Manish Chauhan April 10, 2014 at 2:22 pm

Thanks for sharing that !

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510 Sanjay Singh Dagur April 19, 2014 at 1:46 pm

How to check the post office PPF Account balance on line.
Kindly suggest me

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511 Hemanth April 22, 2014 at 3:14 pm

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?

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512 Manish Chauhan April 30, 2014 at 10:43 am

No , you dont have to , if its working well in IDBI , then just continue !

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513 suhas April 30, 2014 at 5:59 pm

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

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514 Manish Chauhan May 7, 2014 at 4:04 pm

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

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515 PRAWEEN June 3, 2014 at 10:56 am

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.

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516 Manish Chauhan June 11, 2014 at 10:59 am

You cant view it from your account, you can view it from your wife account .

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517 Neeraj Mittal June 19, 2014 at 11:00 am

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.

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518 Manish Chauhan July 3, 2014 at 11:34 pm
519 dr c n patel July 2, 2014 at 7:33 pm

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

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520 Manish Chauhan July 3, 2014 at 10:16 pm

Can you rephrase your query again, I am not able to understand your query !

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521 DK Tyagi August 16, 2014 at 6:09 pm

Maneesh ji, thanks for all the information shared

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522 Sanjay September 10, 2014 at 10:31 pm

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.

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523 Manish Chauhan September 20, 2014 at 2:59 pm

Great

Thanks for sharing that :)

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524 Rayan September 16, 2014 at 10:36 am

Hi Manish,

I am having SBI NRE a/c, and PPF a/c (RI old account) in same SBI branch.

What is the procedure to link both accounts?

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525 SPN October 4, 2014 at 1:27 am

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

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526 Manish Chauhan October 16, 2014 at 5:07 pm

I think thats not possible !

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527 Rengapwn October 19, 2014 at 1:43 pm

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?

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528 Pankaj November 7, 2014 at 1:18 pm

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?

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529 Manish Chauhan November 17, 2014 at 10:05 pm

12 times in a year. . whatever way you want .

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530 Biswajit Roy November 19, 2014 at 1:14 pm

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.

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531 Manish Chauhan November 21, 2014 at 10:13 am

Yes, it should be possible ! .. try what it shown in this same article !

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532 Manish Chauhan December 21, 2012 at 10:26 am

Thansk for confirming that , I didnt knew that !

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533 sonal January 1, 2013 at 1:33 pm

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

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534 Manish Chauhan January 3, 2013 at 5:03 pm

No , online it has to be multiple of 500 only

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535 Manish Chauhan January 3, 2013 at 5:04 pm

May be yes, PPF number should be like an account number ,you should be able to add it like you add a new bank account

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536 Varun August 30, 2013 at 11:35 pm

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.

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537 Manish Chauhan September 3, 2013 at 2:10 pm

Varun

Thanks for sharing that . Proud moment !

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538 Mayank Pandey September 3, 2013 at 9:11 pm

HDFC to SBI transfer to PPF Account is always possible, am doing from last one year!

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539 Manish Chauhan September 7, 2013 at 5:44 pm

Thanks for sharing that

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