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Hi – I have a PPF a/c in SBI but do not have a saving bank a/c in same bank or branch.

– How can I deposit money online in my PPF account in this case?
– Can I perform a online third part transfer from my HDFC savings bank a/c to my SBI PPF a/c?
– How will I get the receipt of amount deposited in my PPF a/c?

Thanks in advance.

Regards,

Anurag

9 Answers

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1 justgrowmymoney February 24, 2012 at 1:18 am

CHeck out http://www.jagoinvestor.com/2011/12/ppf-account-online-investing-netbanking.html

You can take a print out of the SBI Statement for tax purposes. You can also walk into ANY SBI Branch to update the passbook.

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2 annu707in February 24, 2012 at 12:04 pm

Thanks justgrowmymoney and Ashal ji. I will do it via HDFC a/c only…no more new SB a/cs… :)

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3 ashal jauhari February 24, 2012 at 1:38 am

Dear Anurag, You may use HDFC to deposit the money in PPF account as described in the article (link given to you already).

Another option is to open a SB account with SBI & use SBI’s own netbanking facility to invest in PPG online.

thanks

Ashal

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4 drajjjj March 31, 2012 at 11:14 pm

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.

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.

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 .

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5 Investor May 4, 2012 at 11:30 am

Hello.

I tried and transfer Rs.500 from my PNB saving account to SBI PPF account…payment was successful …..but,

when i asked, SBI Mumbai manager replied my email :

Dear customer , You CAN NOT Transfer from any bank to SBI.

Kindly confirm whether Online NEFT is possible and succesful or not??

Reply

6 justgrowmymoney May 4, 2012 at 12:59 pm

How does it matter what the SBI Manager says?

If you do a NEFT and the amount reflects in your SBI PPF account you are all set – no problems there

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7 RAM PARKASH March 4, 2014 at 2:17 pm

HOW TO PAY ONLINE PPF A/C PAYMENT

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8 RAM PARKASH March 4, 2014 at 2:23 pm

I HAVE A/C WITH HDFC BANK TPT FACILITY ALSO
I WANTO KNOW SBI IFSC CODE OR OTHER INSTRUCTION

Reply

9 ashalanshu March 5, 2014 at 2:28 am

Dear Ram,just like you add a 3rd party account in HDFC netbanking, please add your SBI PPF account there. IFSC details can be availed from internet or from your SBI branch directly.

Thanks

Ashal

Reply

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