How To Transfer Your PPF Account: Complete Step-By-Step Guide

The Public Provident Fund (PPF) remains a trusted investment for those who prefer guaranteed, government-backed returns. It can be opened through authorised post offices and banks. But what happens if you relocate, switch jobs, or change banks can you transfer your PPF account without affecting its benefits?

The answer is yes. You can transfer your PPF account:

• Between two branches of the same bank
• From one bank to another
• From a post office to a bank and vice versa

Here’s a clear breakdown of how to do it smoothly.

Step-by-Step Process to Transfer a PPF Account

Step 1: Visit your existing post office or bank branch with your PPF passbook.
Step 2: Submit a written application requesting the transfer of your PPF account.
Step 3: In the transfer application form, clearly mention the complete address of the destination bank or post office branch.
Step 4: Once your application is received, the current branch will begin the transfer process. Make sure you collect a receipt. The bank or post office will also forward:

• Account opening application form
• Nomination form
• Certified copy of the PPF account
• Current passbook
• Cheque/demand draft of the outstanding balance
• Signature documents

Step 5: You will generally be notified once the destination branch receives your documents.
Step 6: Complete the KYC process at the new location. Submit your PAN, identity proof and address proof.
Step 7: If your KYC details differ, the new branch may ask you to fill out a fresh account opening form. The new PPF account will then be created, and your existing balance will be transferred.

Can a PPF Account Be Transferred to Another Person?

No, PPF accounts are non-transferable between individuals. A nominee cannot continue the account of a deceased account holder in their own name. However, they are allowed to open a new PPF account separately, even after claiming proceeds from the original account.

Current PPF Interest Rate

For the quarter from October to December, the PPF interest rate is 7.1%. According to the Department of Economic Affairs, rates for various small savings schemes, including PPF, have not changed for the third quarter of FY 2025-26.

Disclaimer: This is an educational article and should not be treated as a financial strategy. Investors are advised to consult certified professionals before making any investment decisions.