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How to transfer PPF account from one branch to the other of ( bank or post office)?

Any PPF account is transferable across any branch of the bank or to the head post office free of charge and, thus, you will not lose any amount on account of this transfer.

PPF Transfer is possible from a branch of bank to the post office and from a post office to the branch. However, it is not possible to do transfer from an individual to another.

The process to transfer is very simple, All you need to do is to fill up a PPF account transfer application (written request) to your  bank branch/post office, submit it along with your PPF passbook. (Don't forget to take the photo copies before submitting application and your PPF pass book)

Also Refer: 

SBI PPF Online Transfer - (PPF Linked with SBI online)


To transfer PPF account from a bank to a post office, the bank or its subsidiary will issue an account payee cheque or a demand draft for an outstation transfer. The account payee cheque will be in favour of the transferee head post office along with a certified copy of the ledger and all other related records in original. The account will be opened at the transferee head post office like any other new account is opened.

The Process of transfer will take 2-3 weeks time, You will get a call from your new branch (bank/post office) as your account is transferred, visit your new branch and collect the pass book. You need not have a bank account in the other branch (new bank branch).

PPF Transfer Application Form

The Bank Manager/Post Master (General)

Subject: Request for transfer of PPF A/c No…………………………………….

Dear Sir,

I have opened the above PPF Account in your Bank/Post office on ……………(date)
I have shifted my residence and presently staying in …………….. (Location)  

 I intend to transfer my above PPF account from your bank to …………………………………………………… (Bank/Post office). You are therefore requested to please transfer my PPF account to ……….Bank/Post office as per address given below : ………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

The original Bank/Post office PPF Pass Book for the entries made from …………(date)
to ……………………..(date) is enclosed herewith for doing the needful.

Thanking you,

Yours faithfully,


Enclosure:  Original Pass Book

PPF Deposit Slip

Link: PPF Deposit Slip

About PPF ( Public Provident Fund)
The PPF Scheme had come into effect in the year 1968 under Section 80C introduced by the Central Government. It helps the general public to gain rebate of 8% on Income Tax by creating payments to the fund. Opening a PPF Account with SBI is very simple as anybody who is an adult citizen or above can open it for themselves or on behalf of minors under their custodians. Investment on PPF can be done with the minimum deposition of Rs. 500/- per year & the maximum of Rs. 100,000/- annually. (wef December 2011)
Refer this:

Individuals on behalf of a minor

Minimum / Maximum Investment ( w.e.f. 01-12-2011 ) Minimum Rs.500/- per annum in multiples of Rs.5/-
Maximum Rs.100,000/- per annum

 15 years, Can be extended for one or more blocks of 5 years.
 Account can be discontinued but repayment of subscriptions along with  interest only after 15 years.

Rate of Interest
8.6% (w.e.f. 01-12-2011)per annum credited in account on 31st March every year calculated on the minimum balance between 5th day and end of the month.

Loan upto 25% of balance at the end of first financial year from third to sixth year. Second loan can be taken on full payment of first loan

 Only one withdrawal allowed during any one year from sixth year. Withdrawal limited to 50% of the balance at the credit at the end of 4th year preceding the year in which the amount is withdrawn or the end of the preceding year whichever is lower.

The account extended beyond 15 years; partial withdrawal allowed up to 60% of the balance to the credit at the commencement of the extended period.

Update (July 01, 2011):I did this process very recently, and it took 2 weeks times, the process for change is successfully done and now i got my new pass book of PPF account. And in the meantime i got a letter of confirmation from my old branch of PPF account informing that my account is now closed and transferred to new bank (branch) with details of new bank branch address and total amount transferred. 


  1. i have a savings account and ppf account on sbi but in different branch.for this savings account i have net banking it possible to view this ppf account info on this net banking?

  2. You need to check with your branch, whether they can provide you online access for ppf or not?

  3. Where can I find the PPF account transfer application ? Is it available over the internet ?

    Else, please provide me with sample letter.


    1. Please check PPF account transfer application form.

  4. Hi Anonymous,

    Drafting transfer application is very easy, you need to write letter with following details

    Your current PF details
    your complete name and details
    and Branch where you want to transfer PF account.

  5. Hello
    I have a PPF account in Bank of Baroda. I want to close that and open a new account with SBI. Is that possible ? Will my current PPF funds with my BOB account be transferre to my new PPF account with SBI ?

    Please advise

  6. Hello Anonymous,

    The best solution for this is to transfer your Bank of Baroda PPF account to SBI Branch.

    There is no option to prematurely close a PPF account before the mandatory period of 15 years, except in case of death of the account holder. You have an option to borrow or partially withdraw from your PPF account subject to some restrictions.

    How long is the lock-in period?
    The maturity period is 15 years from the close of the financial year in which the initial subscription was made. At the end of this period, you get the entire amount (principal and interest earned).

    The maturity date depends on the financial year, not on the date of its opening.

    You can't able to close your Current PPF account in Bank of Baroda., you will have to continue the same, with the minimum contribution of Rs 500 if you do not wish to invest more.
    After competion of 15 years, you can close and open new account in any other branch.

    How many PPF one have???
    You can have only one PPF account in your name. If, at any point, it is detected that you have two accounts, the second account you have opened will be closed, and you will be refunded only the principal amount, not the interest.

    1. Thanks for the quick reply
      I just wanted to know about my funds. After the completion of lock in period can i close my BOB account and transfer the accumulated funds to the newly opened SBI account ?
      Or will have to start with zero balance ?

    2. Hi again,

      You can't able to transfer full accumulated funds to the newly opened SBI PPF Account
      as your SBI account will be treated as new PPF account and will follow similar rules that is the maximum investment limit for any financial year will be Rs. 1,00,000..

    3. Hi i had opened a ppf account with pnb. I did not get any passboook for the same. Please tell me the procedure for transfer if 1 does not have a passbook.

  7. Hi Vj,

    When you open an account, you will be given a passbook in which all subscriptions, interest accrued, withdrawals and loans are recorded.

    If you don't have pass book, ask for the same from your PNB Bank Branch, as why pass book for PPF account in not given to you????

  8. From where to get bank of baroda ppf slip?

    1. Hi Ramesh,

      I guess you are looking for PPF deposit slip, link is enclosed,
      Please have a look..

      I am also adding PPF deposit slip in the main blog, if link don't work you can check the form in the main post(above)

  9. Please help me with procedure to transfer ppf account to icici bank?

    1. Hi Sunil,

      Procedure of transfer is very same. Now PPF facility is available online to icici customers.
      ICICI Bank now offers PPF account online with a comprehensive set of features and services.The PPF account will be opened only in a designated branch of ICICI Bank authorised by the ministry of finance. This link will help you to select PPF icici branch near to your Place.
      For transfer don't forget to mention the name of the branch where your wish to open your PPF account on the application form.

  10. I check above, whether it is correct that icici bank now offers ppf account?
    If yes, how can i go ahead, please help.

  11. Yes PPF account facility is available , Even if you have net banking access, you can apply on line, to get more details visit nearest icici branch/

  12. Who will pay interest in case of transfer of ppf account from one bank to another??

  13. Hi Dinesh,

    I remember when i visited BOB PF branch in feb 2011 and requested for transfer of my PPF account, the bank person suggested me to wait for year end and then do the transfer, as you know interest is credited to the account on March 31 every year.
    I did the transfer in month of June 2011 and then deposited amount in my PPF account in new branch.
    As 31st March is passed and i hope interest amount is credited to your PPF account, so this is best time to do the transfer.
    (About calculation, i really don't know how it is calculated in case of transfer, but i still remember the bank person said to me if you transfer before 31st march, you will not receive any interest for that financial year...

    1. Dinesh,

      As a normal practice the interest will be calculated on the lowest balance in the account between the close of the fifth day and the end of the month. The interest is credited into the account at the end of each year means 31st march every year...

  14. After Transfer is processed successfully, the interest amount is paid by new PPF bank branch.
    As i updated the PPF and i got interest showing credited.

  15. can we have two ppf accounts one in post office and another in sbi?

  16. A person can have only one account in his name.
    There can be only 1 account be it either in Post Office or SBI Bank.

    If, at any point, it is detected by the authorities that you have two accounts, the second account you have opened will be closed. You will be refunded only the principal amount or deposited money (not the interest).

    When two PPF accounts are allowed

    You can open 2 PPF accounts - one in your name and another in the name of your minor child (with you as the guardian).

    However, The aggregate limit of Rs 1,00,000 is for the account of an individual and minor combined together.

    1. (1)Any individual may, on his own behalf or on behalf of a minor of whom he is the guardian, subscribe to the Public Provident Fund (thereafter referred to as the fund) any amount not less than Rs. 500
      and not more than Rs. 1,00,000 in a year.

      (2) Notwithstanding anything contained in sub-paragraph (1), an individual may also subscribe to the fund on behalf of:-
      (a) a Hindu Undivided Family, or
      (b) an association of persons or a body of individuals consisting in either case, only of husband and wife governed by the system of community of property in force in the State of Goa and the Union territories of Dadra and Nagar Haveli and daman and Diu, by whom or on whose behalf money is deposited in an account and the deposit means money
      is deposited.
      Out of the income of the Hindu Undivided Family or an association of persons or body of individuals, as the case may be , any amount not less than Rs. 500 and not more than Rs. 100,000 in a year.

  17. i open ppf account in icici bank how to get deposit slip

    1. Hi Divya,

      If you have net banking facility in ICICI, plus your PPF is Linked with your Bank account, then you can deposit fund directly from your bank to ppf account.

      Else, visit your nearest icici branch and ask for deposit slip
      or you can download the deposit slip from here

  18. i have opened ppf account through post office at pathankot(Punjab) in 2003, but after my transfer at chandigarh could not continue my account now i want to transfer my ppf account to my icici bank. how could i transfer my account from pathankot to icici chandigarh.Is there any online procedure for transfer?Please guide me as soon as possible

    1. Hi Ashi,

      Online Transfer is not possible. You need to visit your branch for the same.

  19. Hello,

    I have PPF account in Trivandrum SBI branch. But I have maintained for last two years. Now I want to Transfer to post office in my native place in Tamilnadu. Is it possible to transfer from one state to another state? Do I need to go in person? because currently I am not in trivandrum.


    1. Hi Selvaraj,

      Yes, it is possible to transfer PPF from one state to another.
      Before transfer, confirm from PPF branch where you want to do the transfer, whether they have PPF facility.
      You don't need to go in person, even that work can be done on your behalf by your close one.

  20. Hi,

    I have my ppf account in sbi branch bangalore .I got shifted to delhi few months ago.I need to get my ppf account transferred in dehradun i.e my native place where i have my linked sbi account before 31dec 2012 .Since i need to submit my tax declaration papers.Can i get the required documents and submit the deposit online for now.And get the account transferred later?


    1. Hi Anjana,

      Very sorry for late reply.

      First thing it is not possible to transfer your PPF account online, you need to visit your branch or send some one on your behalf to get the work done (if you send signed written request along with your PPF Pass Book)

      What you can do now, visit SBI bank in Delhi and ask if you can deposit money in your PPF account you have in Bangalore, if they say yes and give you acknowledgment, then great, you can have proof of investment for this year.

      If you have online access to your sbi bank and ppf account you can connect and transfer.

      Now first priority is get proof for this year before December, once subscription is made for this year then you think of transfer.

      My suggestion do the transfer in month of April 2013 as if you do now, you will not get interest for this year, that is what is told to me, when i had visited my branch for transfer.

      About PPF Interest credit: Interest gets credited 31st march every year.

  21. hi
    I have an sbi savings account in my hometown in andhra pradesh
    I work in kolkata and would like to open a PPF Acount in kolkata. Is it possible to do, without opening a savings acount in kolkata ?
    Thanks in advance

    1. Hi Midhun,

      Yes you can open PPF Account in Kolkata, without opening saving bank account.

  22. Hi,
    I have opened my PPF account in pune. However my base branch for ICICI bank is in jamshedpur. Now i have moved to delhi. Now i have to change the nominee in my PPF account. Can i change my nominee in ICICI delhi branch itself?

  23. Hellow
    I hv ppf ac in BOB & I want to xfer it to SBI....
    Now my question is, if I want to take loan from my ppf ac after transfer to New location say SBI... the minimum 3 years criteria will be satisfied or not... I.e. Eligibility for loan will be counted on which date... The original PPF account opening date or the date qc opened in new branch... Say SBI here?....
    Please guide me....

    1. Your PPF Account Opening date will be considered for loan eligibility.
      (initial PPF opening date and not transfer date)

      Loans can be availed from the third financial year excluding the year of deposit.

      The rate of interest charged on loan taken by the subscriber of a PPF account on or after 01.12.2011 shall be 2% p.a.

      Amount of such loans must not exceed 25 percent of the amount that stood to the account holder's credit at the end of the second year immediately preceding the year in which the loan is applied for.

  24. Can i transfer my PPF account from Post office to SBI in different state ?

    1. Yes you can.
      Please check from SBI bank branch (where you want to do the transfer), whether they have the PPF facility in their bank.

  25. Great website. Very useful info. I just want to know procedure on how to withdraw money from my ppf account.Opened with SBI in January 2007, since it is more than 6 years , i want to withdraw 20%

    1. Hi,

      Thank you.
      First thing need to check whether you can withdraw from PPF account or not?

      The PPF Rule related to withdrawal
      Any time after the expiry of five years from the end of the financial year in which the initial subscription was made , a subscriber can partially withdraw, if he so desires, apply in Form C or as near thereto as possible, together with his pass book to the Accounts Office withdrawing from the balance to his credit, an amount not exceeding fifty per cent of the amount that stood to his credit at the end of the forth year immediately preceding the year of withdrawal or at the end of preceding year, whichever is lower, less the amount of loan, (if any).
      only one withdrawal is allowed per financial year.

    2. As you completed five years, so you are eligible for withdrawal.
      Visit your PPF branch with pass book, they will guide you more as how much you can withdraw.

  26. I just want to transfer my PPf account from SBI Patan branch to SBI Maninagar, but the SBI maniangar branch is directing me to give application to SBI Patan and SBI patan Branch is saying it is not possible to transfer the PPF account. Hence My question is ::
    1. Where to give the transfer application - At SBI Patan or SBI Maninagar ?
    2. Before giving the application to SBI Patan branch for the tramsfer , Should I get a confirmation from SBI Maninagar to allow the transfer to their branch ? Or it is automatically trasfered,

    Uday Salvi

    1. 1.The application form to transfer should be given to branch where you are currently holding ppf account. That is SBI PATAN BRANCH.

      2. Before giving application to SBI MANINAGAR, Please check having PPF facility in their branch.

      Transfer is allowed, please check with them why they are refusing the transfer request.

  27. hi i have applied for transfer my PPF Account through new sbi branch and submitted the ppf passbook also in the same branch where i want to transfer my ppf account.for this more then 3 months over but till date my account did not transfer in the new sbi branch.

    1. It does not take three months time.
      Please check with them, reason for delay.
      In my case it got processed in 15 days.

  28. hello,
    i read the info u have given reg to query is ,does one has to personally collect the cheque issued by the previous bank or the bank sends it to the my new bank.or .would be helpful if u could reply.thankyou

    1. Cheque and transfer papers will be sent by old ppf branch to new ppf branch.

      After tranfer you will receive confirmation from both the banks in the form of letter, plus call from new PPF Branch to collect ppf pass book.

      Even if you visit bank for cheque collection, they will not give you and request you to wait and cheque will be sent directly by them to new ppf branch.

  29. Is it required to have a savings account with the said bank to get a ppf account?? EX: if I have PPF account with SBI do I need to have a Savings account too?

    1. Hi,

      Wishing you a very happy and prosperous New Year.

      Coming back to your query,
      No, saving bank account is not required, if you want to tranfer your ppf account.

      My case i was having ppf account in bank of baroda, but was not having bank account with them, then i tranfered my ppf account in sbi bank and was not having sole bank account in sbi bank, but was having joint bank account and as third account holder.

      So you can open ppf account without opening bank account.

      But in case you need online access to your ppf account, in such case bank account in required preferably sole that is single bank account holder.

  30. I have transfered my PPF account from one SBI branch to other SBI branch. It has been 2.5 months and yet it is not reflecting in my account. I am very much worried bout this. Can anyone help me with this.

    1. Please check as why your account is not yet transferred.
      When I did the transfer of my ppf account, I had asked from my bank manager as how long it will take and as per him, it will get transferred within 2-3 weeks time.
      My transfer of PPF got processed within two weeks time.

  31. Sir i have a PPF account in Bank of Baroda in gujarat can i transfer my account to any SBI branch of west bengal. If possible then plz inform me how is it possible.

    1. Yes, its possible.
      Submit written request to your Bank of Baroda Gujarat branch for transfer of PPF account.
      Before submission, Please check with SBI Branch is West Bengal whether they have PPF facility in their bank.

  32. Hi, i came to know about a lot of things while going through your post which is very highly educative so thank you for that.
    Now my issues is I have a state bank account in Assam and a PPF account in the same branch which are linked. I transfer money to PPF through the state bank account(Online). But i have moved to Delhi and now I want both the State Bank account as well as the PPF account in Delhi, so in this case what should I do?
    Should I open another SBI account in Delhi & transfer the PPF account from Assam to Delhi or can I transfer both the SBI account and the PPF to Delhi together.If second option is possible then how can I transfer the SBI account from Assam to Delhi. Will the savings account bear same account number.



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