Yes, a PPF account can be transferred from one bank to another, from a post office to a bank, or vice versa. The process remains offline and requires the following steps:
- Visit your current bank branch and submit a transfer request with your PPF passbook.
- The existing branch will forward your documents and the outstanding balance via cheque or demand draft to the new branch.
- Once notified by the new branch, submit a fresh account opening form and complete the KYC process.
The transfer typically takes up to one month and maintains the account’s continuity and benefits.