How to invest in PPF online through netbanking

Do you want to invest in your PPF account online without going to the bank physically? If YES, then there is a good news for you. You can transfer to your PPF account online via netbanking. Yes its possible. Just like to transfer money to some bank account by adding him as third-party beneficiary, you can add your PPF account to your bank account as beneficiary and then transfer the money to PPF account anytime with a click ! .

Till now I came to know that this was true for ICICI bank and SBI bank, but I am sure this would be true for all the banks which allow netbanking transfer to third-party. Please note that this online transfer is possible only if the PPF account is at SBI , if it is opened at Post Office , then it would not be possible, because only SBI is authorised to get online payments for PPF. Many people have their PPF , spouse PPF and children PPF account, they can add any number of PPF accounts for online payment.

Category:

Education

Tags:

• PPF
• PPF online
• netbanking in PPF
• Public providend fund

[ms0015488]

Hi, How does one make online payment to an already existing PPF account. My account is with SBI at Pune and i'm based out of B'lore