The total amount deposited in PPF account subject to Maximum Rs 100000/- are under 80C of Income tax rebate.
Learn in few easy steps how to do National Electronic Funds Transfer, or NEFT to PPF account easily ?
1. PPF account must be with any Banks not with Post Office
2. Get IFSC Code and account number of your PPF account. To get IFSC Code check the passbook of PPF account or check online at respective bank’s site
4. After getting approval one can transfer the fund easily through NEFT To PPF account as far now I have tries with SBI, ICICI Bank, IDBI Bank, SYndicate Bank, HDFC Bank, Axis Bank, Bank of Baroda, Bank of India, Canara Bank etc.
5. This facilities is enable with almost all banks who have Internet Banking facilities.
How can I transfer PPF account to SBI from any other Banks ?
This is easy, Just fill the form along with request letter to transfer the PPF account to SBI. Even from post office also one can transfer the PPF account and use the NEFT facilities.