How to transfer bank account money to PPF online | Fusion - WeRIndia

With people getting more and more tech friendly, they like visiting banks to a lesser extent and use the net a lot of to their convenience.

While we are able to transfer cash on-line for a number of investment products merchandise it can even be done for the general public Provident Fund or PPF.

In fact, this investment is among the foremost popular investment avenues because it is among the few investments that offer you tax savings under Sec 80C of the income tax Act and offers offer tax exemption on the interest income earned. Here is how you can transfer funds to PPF account

1. Login to your Net banking (SBI, ICICI, and HDFC)

2. Go to Third Party- Add your PPF account number

3. Enter name as in PPF account

4. Select the branch where your PPF account is held

After this procedure, you can then transfer from your account to PPF account. Here are the list of documents one needs to open a PPF account.

1. Account Opening Form

2. Nomination Form, is necessary

3. Copy of PAN card

4. Photo, ID and address proof as per KYC guidelines.

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