How to Transfer a PPF Account?

byDilip PrasadJune 21, 2023
How to Transfer a PPF Account?

The National Savings Institute of the Finance Ministry introduced the Public Provident Fund (PPF) in 1968 with the intention of attracting small contributions for investment and return. It can also be hailed as an investment vehicle to reduce annual taxes while allowing employees to build their retirement corpus. Read this blog to know about PPF transfer, how to deposit money in PPF account online or how to transfer a PPF account from one bank to another.

What is a Public Provident Fund (PPF)?

One of the most appreciated long-term savings and investment programmes is the PPF, often known as the Public Provident Fund scheme, primarily because it combines safety, returns, and tax benefits. PPF has developed into a potent tool for generating long-term wealth for investors since its inception in 1968.

Using a PPF account, investors can set aside a substantial amount routinely for a time period of at least 15 years until the PPF corpus becomes eligible for maturity. Investors also have the option to prolong the PPF maturity period, investors use PPF accounts. They can also opt for a PPF account transfer from one bank to another.

Transferring PPF: One Bank to Another/Post-office to Bank

You can follow these steps to know how to transfer PPF account from one bank to another or from your post office to a bank-

  • Step 1: Visit your local bank’s branch or a post office. Don’t forget to bring your PPF passbook along.
  • Step 2: Fill out and turn in a transfer application form at your home branch. The full address of the new bank branch or post office will be on the transfer application form. 
  • Step 3: Your current bank, bank branch, or post office branch will start the transfer procedure as soon as you submit the transfer request. Don’t forget to take the transfer request receipt as well for a hassle-free experience.
  • Step 4: Next, your current branch will send the subsequent records to the new branch:
    • The original application form for creating an account 
    • The nomination form 
    • A certified copy of the account
    • The current PPF passbook
    • A demand draft  or cheque for the unpaid balance
    • Signature samples
  • Step 6: You’ll be notified when the new bank or post office branch receives your papers. If there are any changes, you must submit a new PPF account opening form and nomination at the new bank branch.  
  • Step 7: You must finish the KYC process and provide a copy of your PAN as well as personal identity and address documentation. It can take up to a month to move a PPF from one bank to another or from a bank to the post office.

Also Read: How to Open a PPF Account Online?

How to Transfer a PPF Account from One Branch to Another of the Same Bank? 

For this process to work, all you have to do is submit an application form to the current branch requesting a change of branch if you wish to invest in the same account but need to move the branch to a new city or region. It will only take seven working days for the process to be complete.

Points to Remember

In most cases, the PPF transfer process takes up to one month. Even though you need to go through the KYC procedure again and submit new paperwork in order to move your PPF account, the new account will be treated as a continuing account. As a result, all benefits, including early withdrawal and loan availability, will be unaffected.

You will receive a new PPF passbook as a result of the transfer process, and your outstanding balance will appear as a credit of balance transfer. For a record of previous transactions, it is advisable to make a photocopy of the old passbook.


Thus, PPF account transfer can be done between recognised banks and post offices. The PPF account will be regarded as a continuous account in this scenario. The process of moving your PPF account is relatively easy to understand. However, you must go physically to the bank where you currently have your PPF account and carry your PPF account passbook with you as well.

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