Can I transfer my PPF account from one SBI branch to another online?

Can I transfer my PPF account from one SBI branch to another online?

One can use YONO SBI, YONO Lite and Online SBI to transfer the accounts. The accounts will be transferred in a week at zero cost. However, you need to know that the online process can only be done if your mobile number is registered with the bank.

How can I change my PPF account from one branch to another in SBI?

Visit your existing bank/post office branch along with your PPF passbook. You will be required to submit a transfer application request. On the application form, you will be required to mention the full address of the post office/bank’s branch where you wish to transfer your PPF account.

What is the procedure to transfer bank account from one branch to another in SBI?

Here is how:

1. Log in to OnlineSBI by entering your username and password.
2. Then click on the ‘e-services’ option and select the ‘Transfer of Savings Account’ option.
3. Select the account you wish to transfer and you have to provide the code of the new branch.
4. Then you will get the branch name.

How can I link my SBI PPF account to SBI account online?

There is no need to link a PPF account held with SBI to an SBI savings account. At the time of opening the PPF account, either online or offline, you will have provided your existing savings account number held with the bank. This means, your new PPF account is created under the existing customer ID.

Can I transfer money to PPF account online from other bank?

You can make online deposits through a funds transfer (if your savings and PPF account are both with the same bank) or a third-party transfer (if the accounts are in different banks). Once you have added your PPF account as a beneficiary, you can easily transfer funds via NetBanking or MobileBanking.

How can I transfer my PPF account online?

The following documents will be sent:

1. Nomination form.
2. You PPF passbook.
3. Certified copy of the account.
4. Specimen of your registered signature.
5. Original account opening application form.
6. A demand draft or cheque for the outstanding balance.

Can I transfer my SBI account online?

State Bank of India (SBI) has recently announced that customers can transfer their accounts from one branch to another online without visiting the bank. The account holders can use YONO SBI, YONO Lite apps and through Online SBI services to transfer of the account.

How can I link my saving account to PPF account?

You need to link your PPF account to your savings account in the bank to be able to check account details. You also have to make sure that your savings account is accessible online. Hence, you need to get your net banking username and password from the bank. In certain cases, you also need to acquire a PIN.

How do I link my PPF account to CIF?

For existing customers

1. Enter the details: Account number, Customer ID (CIF) and DOB. registered mobile number.
2. You will receive a one-time-password (OTP) on your registered mobile number.
3. Set MPIN.
4. Enter the OTP.

How can I transfer money from my PPF account to my bank account?

Here are the steps of withdrawing money from your PPF account:

1. Step 1: Download the PPF Withdrawal Form (Form C) from your bank’s website online or you can get it from the bank branch.
2. Step 2: Enclose a copy of PPF passbook along with Form C.
3. Step 3: Submit the same at your respective bank branch.

How can I transfer my PPF account from one bank to another?

In case you wish to transfer your PPF account from a post-office to a bank or from one bank to another, you need to submit a transfer application request at your existing post-office/bank branch along with your original PPF passbook.

How to open a PPF account in SBI?

The bank or post office will provide you with a form which is to be filled. The sample PPF form of SBI available online. Step 2 – The existing bank will then forward the certified copy of the account, the account opening application, nomination form, and specimen signature.

Can I transfer my Public Provident Fund from one bank to another?

The rules applicable to the Public Provident Fund (PPF) allow a transfer of account from the post office or bank where it is held, to another post office or other branches of the same bank, or other authorised banks. An investor can choose to transfer his account if a change in his location makes it difficult to manage it at the existing location.

Can I transfer my SBI account from one branch to another?

Yes you can have it transferred just like any other deposit account (Savings, FD etc). Earlier process was cumbersome, account had to be closed n opened again at new Branch. But now it is really simple & account no is retained.