Due to change in city/state for better opportunities or transfer in job, you might want all your communication details to be updated as per your latest residing address. For this you shift your bank’s home branch, update contact details in Credit Cards, Demat account etc.

Did you know! you can also transfer your PPF account from the post office/ bank branch from where it was opened to the new branch of post office/bank of your wish.

In this article I will explain you how easily you can transfer your PPF account to a new post office/bank branch of your choice and what format of request letter to be used for the same.

You might want to read the article on All about Public Provident Fund (PPF) Scheme.

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. The transfer entails closing the account at the existing location and opening a new one.

The process of transfer is very simple. All you need to do is to fill up a PPF account transfer application form SB 10(b) or transfer request letter (format enclosed) to your bank branch/post office and submit it along with your PPF passbook. Remember! before you handover the transfer application and PPF passbook to the post office/ bank officer, take the complete photo copy of the said passbook for future reference.

In this application you need to mention the details of the account, including the names and addresses of the branch/bank/post office where it is held, as well as the location where the transfer is sought.

Now your branch will verify your account details and signature then they will close the account with issuing a demand draft or pay order along with your account details, nomination form and signature proof to the post office/ bank branch requested by you to transfer.

Few important points to be noted;

  1. You can choose to change the nomination, along with the account opening procedure, during the transfer of the PPF account.
  2. On transfer, the PPF account is considered a continuing account, not a new one. Thus a new passbook will be issued with the past credit in the account shown as a balance transfer.
  3. New PPF Passbook will not have all previous entries of your Interest payments & contributions. It will show only balance, new and current entries. So incase you need the previous information for claiming tax deductions, better take the printout of the previous PPF Passbook and keep photocopies of all the documents you filled and submitted for PPF Account Transfer.
  4. Since the complete execution process may take 2-3 weeks, it is advisable to check the status from your end by visiting to the post office/ bank branch where it is supposed to be transferred.
  5. As per Rule 153, you can even transfer your PPF Account from Post Office to other  authorised Bank if you wish to.

Hope this article helps you understanding the procedure of transferring a PPF account. Do share your view or past experience.

How to transfer PPF account to another Post Office/Bank Branch

50 thoughts on “How to transfer PPF account to another Post Office/Bank Branch

  • April 25, 2013 at 9:50 AM
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    I want to transfer my wife’s PPF account from a post office to a bank. The post office acc. no. is 5 digit but the bank account number is 8 digit.

    Does that mean that when I go to the post office for an account transition, then the post office will provide me a mapped 8 digit account number that can be used in the bank that I want it to get transferred to? Or will the bank anyways provide a new account number when I go to them after submitting the letter?

    Reply
    • April 25, 2013 at 1:18 PM
      Permalink

      Hi Saurabh,
      As confirmed by one of the readers with his personal experience, your bank will create a new account number for the same.

      Reply
  • April 25, 2013 at 12:52 PM
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    Hi Saurabh,

    Recently two weeks ago, i have transfered my ppf account from post office to state bank.

    The bank will create new account number for the transfered ppf account.

    Reply
    • April 25, 2013 at 1:17 PM
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      Hi Sreedhar,
      Thank you for sharing your experience.

      Reply
      • September 6, 2013 at 12:50 PM
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        Thank you for nice article !
        I have shifted PPF account from Post to Bank (Bank Of Baroda). My experience with Post during transfer was great however bank people do not have good knowledge about transfer.
        I deposited a cheque in PPF after transfer and it is refusing to accept the amount because their system gives error indicating not more than 1 lac can be deposited in PPF in a year. So the amount transferred is not treated correctly.
        Now I wonder if they have recorded the fact that my account i s transferred OR they are treating it as NEW PPF account ? This would cause problems during withdrawal as well.
        How should I handle this matter ?

        Reply
        • September 6, 2013 at 3:57 PM
          Permalink

          Hi Dip,

          Thank you for sharing your experience. Nothing to worry about it. There must be some mistake with banks while recording the data. You should talk to them and get it rectified.

          Meanwhile while, please confirm was the amount transferred more than Rs. 1,00,000 while transferring the account. At least this will prove it as not a new account because you can not open PPF account with more than Rs. 1,00,000 (you must know I believe).

          Reply
          • September 10, 2013 at 12:02 PM
            Permalink

            Thank you Soubhagya for such a quick response !

            Amount accumulated / transferred was less than 1 lac.

            I am talking to bank but they are tough to deal with , they do not know the process and they do not show any sense of urgency.

  • June 19, 2013 at 3:41 PM
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    Thnaks for sharing imp. info.. recently i have shifted fr0m jammu to pune, i was facing problem in managing my PPF account..its not possible to visit jammu postoffice… now i will shift my PPF to nationalised bank where i can tranfer money online…. thanks

    Reply
    • June 19, 2013 at 4:29 PM
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      Hi Tushar,

      I am happy that the article was helpful to you.

      Reply
  • June 28, 2013 at 9:40 AM
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    Can I transfer my EPF (Employer PF) to PPF (which is with SBI) after resigning from job?
    If yes, could you please share information

    Reply
    • June 28, 2013 at 9:46 AM
      Permalink

      Hi Chandra,

      It’s not possible. In case you resign from your job, you can either withdraw your PF completely or transfer to the new organization if they have PF facilities.

      Reply
  • July 7, 2013 at 5:18 PM
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    Hi, I have done the required procedure (transfer form filling, etc) to transfer my PPF acct from post-office to Icici bank. It’s been more than 2 months and there is no update.

    What can I do to speed it up? What about the interest on my current amount?

    Please advise. Thanks!

    R Vipin

    Reply
    • July 7, 2013 at 6:48 PM
      Permalink

      Hi Vipin,

      Not to worry about the interest part, its a transfer of account not that the account has been closed. Your interest will be still accumulating. With regards to the status of transfer of account, I suggest you to talk to the branch of the post office with the acknowledgement letter of the transfer. I hope you have done that, why did they say? Let’s see what other alternative can be opted.

      You can also check the update with the ICICI Bank branch where you wished to transfer the account.

      Reply
  • July 23, 2013 at 6:01 PM
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    DEAR SIR ,I WANT TO TRANSFER MY PPF A/C ONE STATE TO OTHER STATE , CAN I TRANSFER IT .PLEASE EXPLAIN ME.

    Reply
    • July 23, 2013 at 8:43 PM
      Permalink

      Hi Akki,

      Yes, it can be done. You just read the process given in this article, you will be able to know what needs to be done. Still you find something is missing, do let me know.

      Reply
      • February 14, 2014 at 6:14 PM
        Permalink

        Dear,
        Wanted to know 1 thing..My wife had a PPF account with SBI which have matured last June 2013..It was in the name of her first marriage. She got divorced around 7 years back but she had not incorporated the same in PPF account. Now she want the withdrawl amount in her maiden name. Is it possible?If yes How? please guide

        Reply
  • November 19, 2013 at 1:54 PM
    Permalink

    Hi,
    I have one PPF account in SBI, due to some reason I want to transfer my account to other bank or post office.
    Will those SBI ppl wil be able to track after transferring my account to other bank or post office?

    Reply
    • November 19, 2013 at 2:43 PM
      Permalink

      Hi Elina,

      Once you transfer your PPF account from one bank/post office to another, you will be issued with new account number for the same old account. In that case I don’t think your old bank will be able to track it.

      Reply
      • November 19, 2013 at 7:57 PM
        Permalink

        Thanks Soubhagya,

        if any help needed can i call you,in the website given number.

        Thanks
        Elina

        Reply
        • November 19, 2013 at 9:12 PM
          Permalink

          Sure!

          Reply
  • November 20, 2013 at 4:21 PM
    Permalink

    Hi ,

    I recently got married & moved to Mumbai. I want my PPF account to be transferred from existing post office to new post office in Mumbai. I had been to Post office in Mumbai and they told me to fill the form & submit it with Pan card & residential address proof copy.
    as i am new to this place, i do not have any residential proof in my name. In such case, what can be done to get the account transferred?

    Please advise.

    Regards,
    Pooja

    Reply
    • November 20, 2013 at 6:25 PM
      Permalink

      Hi Pooja,

      Congratulations for your marriage.

      With regards to your query, what I can suggest you to get an address proof in your name is; open a bank account where your husband has already an account (he can act as an introducer). Marriage certificate will also help as a supporting document. I don’t think post office will deny to bank statement as address proof. Even if it doesn’t work then get telephone/gas/electricity connection transferred in your name with the help of bank statement (as suggested).

      This process may take little more time, but no worry your PPF will still be earning interest even if you have not transferred it to the desired branch.

      Read this article to know the required docs to open PPF account: http://www.succinctfp.com/index.php/what-are-the-documents-required-while-opening-ppf-account/

      Reply
  • December 11, 2013 at 12:24 AM
    Permalink

    Hi

    I have an interesting situation. I had a PPF account opened in SBI when I was back in India 7 years ago. Now I am not in India any more. I know that though I am not in India I can still continue having my PPF account till the time of maturity (15 years). My problem though is what if I want to transfer my PPF account to an ICICI bank? Can I do that and still continue having my PPF account open?

    I ask that because from your explanation above, it involves closing my PPF account as SBI and opening a new one in ICICI although technically it is still a transfer.

    Thanks for your time. This is really a great piece of information.

    Thanks
    Madan

    Reply
    • December 11, 2013 at 7:56 AM
      Permalink

      You are most welcome Madan!

      Reply
  • January 21, 2014 at 7:27 PM
    Permalink

    Hi ,
    I had an PPF account in Pune HO post office.
    I have given an application to transfer my account from Pune HO post office to SBI branch.
    Post office has transferred Amount up to 31st March 2013. But the interest from 1st April to 11th Jan has not been transferred to SBI bank.
    When I first visited Post Office, they straightly said that they will not give this interest, this needs to be given by SBI. After that, I asked them to give this in written, they told me to give a interest claiming letter from SBI.

    Today I have provided Interest Claiming letter from SBI to Post Office.
    Can you please suggest, what should I do now?

    Thanks and Regards,
    Ashish Shukla

    Reply
    • January 22, 2014 at 10:08 PM
      Permalink

      Hi Ashish,

      I think they are troubling you for no reason. Since you have submitted letter from SBI, let’s wait and see. Even if there is no good news then file RTI regarding this.

      Reply
  • February 14, 2014 at 6:16 PM
    Permalink

    Dear,
    Wanted to know 1 thing..My wife had a PPF account with SBI which have matured last June 2013..It was in the name of her first marriage. She got divorced around 7 years back but she had not incorporated the same in PPF account. Now she want the withdrawl amount in her maiden name. Is it possible?If yes How? please guide

    Reply
    • February 16, 2014 at 9:01 AM
      Permalink

      Hi Dipankar,

      It is possible I believe. An affidavit would help here.

      Reply
  • April 5, 2014 at 11:41 AM
    Permalink

    Dear Sir,
    I had been recently transferred my PPF account from Post office to SBI.
    Account has been transferred on 23rd March 2014. Post office has been transferred my amount which including principal & interest amount till 2012-2013.
    Now my concern is that who will give me interest of FY 2013-2014.
    Post Office or SBI?? & if SBI will give interest then on which date it will be credited in my account, as till now it has been not credited in my PPF account.
    Kindly revert me on my concern…
    Thanks & Regards,
    Jitendra Tripathi.
    Bhopal

    Reply
    • April 5, 2014 at 5:28 PM
      Permalink

      Hi Jitendra,

      SBI. Interest should be credited by now. I suggest you to cross check with both Post office and SBI.

      Reply
  • July 8, 2014 at 7:52 PM
    Permalink

    Sir i have a PPF account in Bank of baroda (Gujarat). Can i transfer my PPF acount to S.B.I (West Bengal). If bank refuse to do so then what should i do?

    Reply
    • July 9, 2014 at 9:22 AM
      Permalink

      Hi Sudhamoy,

      Bank should not refuse to do so. Request politely. It still doesn’t work then say you will file RTI to know why the same can not be transferred. This will surely work 🙂

      Reply
  • August 3, 2014 at 9:02 PM
    Permalink

    Recently on my request SBI transferred my PPF A/c to POST OFFICE. But Bank sent only the cheque representing proceeds of PPF A/c. The Bank has not sent the account opening formalities and has also not sent the statement of account from the date of opening of the account.
    The post office has kept the cheque with it without sending the cheque for collection of the amount and has written a letter to bank to provide these a/c opening formalities and statement of the a/c since the date of opening(a/c was opened about 18 years ago)
    The proceeds of the ppf amount is more than Rs. 1 lac.
    Please clarify whether in the absence of these a/c opening formalities and statement of account since beginning of the account post office can open my account.

    Reply
    • August 3, 2014 at 10:21 PM
      Permalink

      Hi Jilani,

      These are the process. Post office needs to verify the account information i.e. date of opening, principal accumulations, interest credits etc. And this is only possible when post office gets the required details as asked for.

      Reply
      • August 4, 2014 at 9:33 AM
        Permalink

        Dear Sir,
        Thankyou for your prompt response. I note to let you know the developments.

        Reply
        • August 4, 2014 at 3:56 PM
          Permalink

          That’s great!

          Reply
  • September 8, 2014 at 1:39 PM
    Permalink

    Hi,
    I have a PPF Account with Post office, initially i didn’t know we can open PPF account with Banks. Now i have SBI Account and i wish to transfer my PPF from Post office to SBI Account for easy access. When i checked with Post Office they said absolutely no problem you can do so, get the necessary details. But when i checked with SBI PBB branch they said its not possible and i will have to open a new account and it will be considered as a fresh PPF. For the last 3 years of PPF account will not be considered.
    Please help me, how can i take it forward in transfering the PPF account to SBI. What should i tell the SBI to do so.

    Reply
    • September 9, 2014 at 12:38 PM
      Permalink

      Hi Rajesh,

      Don’t they know until PPF matures no fresh account can be opened? Even there is no such restrictions or limitations with regards to when the account was opened for the purpose of transfer from once branch to another, post office to bank or vice versa. I suggest you to talk to branch manager.

      Reply
      • September 11, 2014 at 10:00 AM
        Permalink

        Thanks for the details on PPF will speak to the manager in SBI.
        Meanwhile i have another clariifcation on the retriement benefit policy from SBI or HDFC. I don’t have any clue about it. Which policy is good and benefit after so many years. if you have any details please share to me i will go thru.
        In which section will it get covered ?
        Thanks – Rajesh

        Reply
        • September 11, 2014 at 5:20 PM
          Permalink

          Hi Rajesh,

          I don’t write much on any product specific.

          In case you need any advice, you may opt for our fee-only financial planning services. You can write to info@succinctfintech.com

          Reply
  • September 15, 2014 at 11:27 AM
    Permalink

    Thanks for the details,
    For PPF when i approach SBI Bank they said its not possible to tranfer PPF from post office to SBI.
    When i enquired with SBI call centre they said its possible and they raised a complaint no. SBI Branch mgr called me and said this is not possible and why did you raise a complaint, the particular lady in the branch is crying because its a black mark to them etc etc…..I said boss if its not possbile i can’t do anything.
    This is what happened……i don’t know what to do now to move forward

    Reply
    • September 15, 2014 at 11:42 AM
      Permalink

      Hi Rajesh,

      Tell them you are going to file RTI to know why they are not capable of doing this. And of course you should do. Read FAQ here: https://rtionline.gov.in/faq.php

      Reply
  • December 27, 2014 at 2:03 PM
    Permalink

    Hi Saurabh,

    There are some very interesting insights which you have shared with us.

    Can you tell me if it is possible to transfer a PPF Account from the Post Office to a Bank without a change of address.

    Thanks,
    Vivek

    Reply
    • December 28, 2014 at 12:16 PM
      Permalink

      Hi Vivek,

      Yes, it is possible if your current address is same as in the PPF that you hold at Post Office. Bank might need address proof as per their requirement, but that doesn’t matter as long as you share the same address proof to them.

      Reply
  • April 23, 2015 at 2:31 PM
    Permalink

    Hi Saurabh,

    i hold PPF account with Post office and would like to transfer to SBI. i have SB account in one branch. But I have another branch near my house. Can i transfer PPF to a SBI branch where I don’t have any SB account?

    Reply
    • April 23, 2015 at 3:13 PM
      Permalink

      Hi Deepa,

      Yes, you can! In case bank denies, then ask for a valid reason. Not having SB account with their branch can not be a reason.

      Reply
        • April 23, 2015 at 10:02 PM
          Permalink

          You are most welcome Deepa!

          Reply
  • June 16, 2015 at 1:47 PM
    Permalink

    Sir,
    Please tell me that is it possible that i can transfer my PPF account from BOB to SBI withought visiting any bank? It is ok that i can send my brother or father in place of me for that procedure as leave is not possible?

    Reply
    • June 16, 2015 at 6:26 PM
      Permalink

      Hi Vanraj,

      I don’t say it is impossible, but it depends on respective banks branch managers. If they allow then you can get it done.

      Reply

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