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

Query of Blog Reader

How to add my SBI PPF account in my SBI net banking (saving) account to view online statement of PPF account!

How to link your PPF Account to SBI Bank Account

In order to link your PPF account to your saving Bank account,  you need to visit your SBI Branch and request your Branch Manager to Link your accounts. 

In case if your PPF Account is in one SBI Bank Branch and Saving/Current Account in another SBI Bank Branch then also you can request your SBI Bank Branch and SBI PPF Branch to connect(link) both account in one single user ID.

When your PPF account is linked with your SBI Saving Bank account that too with single user id,(user id which you use for your net banking transaction) then  you can directly make online payments from your bank to your linked PPF account.

 The Funds Transfer facility enables you to transfer funds within your accounts in the same branch or other branches. To make a funds transfer, you should be an active Internet Banking user with transaction rights.
Amount of Transfer Allowed in Fund Transfer

• Daily limit for Funds Transfer to own Accounts:
• Between Accounts in the same branch: Rs.10 Lacs.
• Between Accounts across branches: Rs.5 Lacs.
• Daily limit for Funds Transfer to PPF Accounts in the same branch or across branches: Rs.1,00,000. 

This is subject to a ceiling of Rs.1,00,000, by a maximum 12 deposits, during the Financial Year, for the Principal Amount. 

How to go ahead with Fund Transfer

•  Just log on to retail section of the Internet Banking site with your credentials
•  Select the Funds Transfer link under Payments/Transfers tab. 
• You can see all your online debit and credit accounts. 
• Select the debit account from which you wish to transfer funds and the credit account into which the amount is to be credited. 
• Enter the amount and remarks. 
• The remarks will be displayed in your accounts statement for this transaction. 
• You will be displayed the last five funds transfer operations on your accounts. 
• On confirming the transaction, you will be displayed a confirmation page with the details of the transaction and the option to submit or cancel the funds transfer request. 
• A reference number will be generated for your record.

Step by Step Fund Transfer Process

    Select the option Funds Transfer

     
     Select the account from which you want to make transfer if more  
     than one account is linked to your net banking account

   

     Click Submit. An intermediate page displays details of the selected 

     account details, amount to be transferred and the credit account.

 

    Verify and Confirm the Transaction Details

    Confirmation of Fund Transfer

Also Refer

How to access PPF account online... 

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

 

 

Image Source:  

https://www.onlinesbi.com/personal/sbijava/howdoi/prelogin/retail_hdi_sbi_base_prelogin.html

How to access PPF account online...

Online PPF facility is currently available in SBI, ICICI Bank and IDBI Bank.

In order to get PPF online access:

1. You must have Saving Bank Account and PPF Account from same Bank.

2. Apply for netbanking access for saving bank account.

3. Request Bank to link your Savings Bank Account to your PPF Account.

In SBI Bank you can link your SBI PPF account with your Saving Bank account and can transfer funds and check your PPF balance online. 

 What is required to get online access to PPF

Login id and password for net banking and then link you accounts and get the access.

Also refer:

 SBI PPF Online Transfer

But some banks permit PPF online transfers . For example, if you have your PPF account with SBI and your salary/savings account with ICICI Bank, you can log into net banking and add the SBI PPF account as a payee for transfer from your ICICI account. This option is for fund transfer from your bank to your ppf account,but you can't able to check your PPF Account Status)

ICICI very recently started PPF online Facility. (Here you can check PPF Status + Transfer funds to your PPF Account.

How to apply online PPF account in ICICI Bank:

If you have access to your ICICI NetBanking, in that click on PPF Account online

Step 1: Fill in the details required for opening a PPF Account

Step 2: Take a print out of the pre-printed form, affix your photograph and sign on the form

Step 3: Submit the application form and the nomination form to any one of our branches

The PPF account will be opened only in a designated branch of ICICI Bank authorised by the ministry of finance. To view the list of these branches please click here . Please mention the name of the branch where your wish to open your PPF account on the application form

If you have PPF account in any other bank or Post office, you can request for transfer of PPF account and  transfer account to SBI or ICICI.

But to get  PPF account on line you must have bank account linked + net banking facility.

How to link your SBI PPF to your ICICI Bank Account

This facility is not yet started, so you can't link your SBI PPF Account with your ICICI Bank account and check your PPF Status.

But still if you want to link Your PPF Account  then you need to transfer your SBI PPF Account to Your ICICI PPF Account and then link your icici bank and PPF account to get the online Access+fund transfer option.

But if you want only Fund Transfer option and don't want to Transfer your PPF Account then:
  
You need to Link your SBI PPF as Payee in your ICICI Bank for your yearly contribution in PPF in "Fund Transfer to Non ICICI Bank across India."
 


How to use Fund Transfer option in your ICICI Bank Account:

1. Login to your ICICI net banking account
2. In that click on "Fund Transfer"
3. In Fund Transfer select - "Fund Transfer to Non ICICI Bank across India"
4. Register SBI PPF Account as Payee
5. Add Payee Details and then click confirm
6. If your mobile number is registered, in such case, six digit URL will be sent to your registered mobile Number
7. Enter URN received on your mobile, and click on "Confirm Payee"

8. Once your Payee details are confirmed, you can able to transfer funds to your registered and confirmed Payee that is SBI PPF.

9. Then for Transfer of funds - Select SBI PPF as Payee, enter the amount you want to transfer along with transaction remarks and click continue

10. Verify the details and now its time to enter Transaction password to confirm your transaction for transfer.

11. Last page will be adding ATM/Debit card details as prompted, click OK to confirm. And after that within few hours amount will be transfered to your SBI PPF Account.

You can also refer this demo for fund Transfer

http://www.icicibank.com/online-demo/fundstransfer.html

 

 

For Transfer of PPF account refer this Link

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