POSTED BY September 20, 2013 10:07 am ONE COMMENTON
I am sharing some details about transfer PPF account from SBI to ICICI bank transferred will be considered as continued account.
In case of individual opening an account on behalf of minor, birth certificate of minor to be submitted along with above documents.
We request you to follow the below process for transferring of PPF account. Please approach bank branch/Post Office where the PPF account is held. There is no specific format for transfer out except Post Office which has specific format for transferring out PPF account
Submit application stating ICICI Bank designated branch address details for transferring the PPF account.
Once the application is processed, the existing bank/Post Office will send original documents such as a certified copy of the account, the account opening application, nomination form, specimen signature etc. along with a cheque/DD for the outstanding balance will be handed over to you
Once you receive all the necessary documents, they may be submitted at the ICICI Bank designated branch along with fresh account opening form(Form A) and nomination form (Form E/Form F incase of change of nomination), along with original passbook
Existing bank (SBI or Post Office) can also send the documents along with cheque/DD directly to ICICI Bank designated branch
The transfer process takes maximum 15 days.
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