Want To Transfer Your PPF Account? Here's How
Bangalore: Knowing how to manage your Public Provident Fund account and the facilities and regulations related to it is very important. In the fast moving professional field where one has to shift many places regarding their profession and duties, they should know very well the rules and facilities applicable to their PPF account. If you are planning to transfer your Public Provident Fund account from one post office to another in a different city or the same, one bank to another or vice versa then continue reading the article. Here are few simple tips by Economic Times which can help you to transfer your PPF account.
Public provident fund (PPF) account can be shifted from one bank or post office to another authorized bank in the same state or other. Investors can opt for the transfer of account in case of change in his location or if the investor is having any difficulty to access the account from the existing branch.
The transfer does not mean that the existing account will be closed. The existing account will be continuing on the investors name in the new location.
