- Login to your HDFC Bank net banking account
- Navigate to the “Investments” section
- Select the “PPF” option
- Choose the “Transfer PPF account” option
- Enter the details of the new branch (Delhi branch) to where you want to transfer the account
- Review the information and confirm the transfer
Note: Before proceeding with the transfer, ensure that you have updated your contact information in the net banking account to ensure that you receive updates and notifications about the transfer process.
If you are unable to transfer the account online, you can also visit the nearest HDFC Bank branch and request the transfer in person. The bank representative will assist you with the process and guide you on the required documents.
How to PAN CARD helpful PPF Account
A PAN (Permanent Account Number) is mandatory for opening a PPF (Public Provident Fund) account in India. The PAN serves as a unique identification number for the account holder and helps to keep track of the transactions made in the PPF account.
The PAN helps the government keep track of the amount deposited in a PPF account and the interest earned on it, as PPF is considered a tax-free investment in India. It also helps to avoid confusion and errors while maintaining the records of multiple accounts held by an individual.
Having a PAN associated with your PPF account makes it easier to manage and monitor your investment, and also ensures compliance with government regulations.
