As many people are aware now ICICI bank has introduced PPF opening through netbanking
Since its convenient mode of investing,i decided to check if i can transfer my Post Office based PPF to ICICI as i did not see option for it in ICICI site. So i mailed them for details and got the below reply
“Dear Mr. XXXXX,
We value your relationship with ICICI Bank.
We would like to inform you that you will be able to transfer the PPF account from Post office to ICICI Bank. You needs to approach post office requesting for transfer out of PPF account , PO will then retrieve original AOF and consolidated draft of accumulated amount. Then you need to approach ICICI with those documents for transfer in process.
We look forward to your co-operation to serve you better.
Sincerely,
XXXXXX,
Account Manager
ICICI Bank Limited”
I am going to try this next week and see how it pans out.