PPF Transfer: Want to Move Your PPF Account? Follow This 10-Minute Step-by-Step Process

The government-backed Public Provident Fund (PPF) is popular for its guaranteed returns, making it a favorite choice for conservative investors. You can easily open a PPF account at designated banks or post offices. But what if you change jobs, move to a new city, or switch banks? Can you transfer your PPF account without losing its benefits?

Yes, it is possible to transfer a PPF account between different bank branches, from one bank to another, or from a Post Office to a bank and vice versa. In this article, we will share all the details on how to transfer your PPF account easily.

How to Transfer a PPF Account

1. Step 1: Visit your current bank or post office branch with your PPF passbook.
2. Step 2: Submit a transfer request application.
3. Step 3: On the transfer application form, write the full address of the bank or post office branch where you want to transfer your PPF account.
4. Step 4: The current branch will start the transfer process after receiving your application. Make sure to get a receipt for your request. The bank will also submit documents like the new account application form, nomination form, certified copy of the account, current PPF passbook, demand draft or cheque for the balance, and signature.
5. Step 5: You will get a notification once the new bank or post office branch receives your documents.
6. Step 6: Complete the KYC process by providing a copy of your PAN and identity and address proof.
7. Step 7: If your KYC details have changed, the new bank may ask you to fill a new account opening form. Then, the new bank will open your PPF account and transfer the existing balance to it.