Online deposit in PPF account

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

By annu707in on February 23, 2012 · Posted in

9 Comments | Post Comment

justgrowmymoney says:

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.

Posted on February 24th, 2012

ashal jauhari says:

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

Posted on February 24th, 2012

annu707in says:

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

Posted on February 24th, 2012

drajjjj says:

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 .

Posted on March 31st, 2012

Investor says:

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??

Posted on May 4th, 2012

justgrowmymoney says:

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

Posted on May 4th, 2012

RAM PARKASH says:

HOW TO PAY ONLINE PPF A/C PAYMENT

Posted on March 4th, 2014

RAM PARKASH says:

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

Posted on March 4th, 2014

ashalanshu says:

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

Posted on March 5th, 2014