POSTED BY August 23, 2012 11:17 am COMMENTS (6)ON
Has someone in this forum transferred their PPF account from a post office to ICICI Bank? I have my PPF account with a post office and since my savings account is maintained with ICICI bank, I want to transfer my PPF account to it as well.
While the website for ICICI Bank clearly states the process for transferring the account from a post office (which requires the transfer to be initiated at the post office), the staff at the post office are refusing to do it stating that they are authorized to transfer the account only to another post office or to a nationalized bank (read SBI). Please read the link below for more information on the process as stated by ICICI Bank:
I am now confused if it is the post office or ICICI Bank which is stating the policy wrongly. It would be great if somebody can tell me whether such a transfer is actually allowed and what the transfer process is.