(Last Updated On: December 5, 2017)

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Public Provident Fund or PPF is considered as a good long term investment option for risk averse investors whose main concern is security of their money invested. You get to earn around 7.8% interest per annum and there is surety of getting your money back alongwith interest earned on maturity.

Refer our PPF Calculator for calculating the PPF maturity amount.

For depositing money in a PPF Account,you have mainly 2 ways :

  1. You can manually visit the branch to deposit your PPF instalments or
  2. You can deposit the money online.

Which option seems more convenient to you ? Of course,the second one where you can transact online and save your precious time.The online PPF facility saves you from the hassles of standing in long queues, waiting for your turn to deposit the money.

But,are you aware of the fact that How many Banks in India presently provide the facility to open a PPF Account ? How many banks provide the online fund transfer facility ?

We have compiled a List of banks offering PPF Account Services where you can easily transfer money to your PPF Account and also enjoy the Tax benefits under section 80C associated with it.

List of Banks offering PPF Account opening facility :

  1. State Bank of India or SBI PPF Account
  2. State Bank of Hyderabad
  3. State Bank of Patiala
  4. State Bank of Bikaner
  5. State Bank of Jaipur
  6. State Bank of Travancore
  7. State Bank of Mysore
  8. ICICI Bank
  9. Central Bank of India
  10. BOI – Bank of India
  11. Union Bank of India
  12. Bank of Maharasntra
  13. IDBI
  14. BOB – Bank of Baroda
  15. Vijaya Bank
  16. Allahadbad Bank
  17. Oriental Bank of Commerce
  18. Canara Bank
  19. Corporation Bank
  20. Dena Bank
  21. Indian Bank
  22. Axis Bank
  23. IOB – Indian Overseas Bank
  24. PNB – Punjab National Bank
  25. United Bank of India

Now,most of the banks have started offering online account opening and online fund transfer facility. But,still there are some banks that do not provide online fund transfer facility.

We have also compiled a list of few major Banks providing online fund transfer facility.

Banks providing PPF Account Online fund transfer facility :

You can transfer funds online from a linked Savings Account.

  • State Bank of India or SBI
  • State Bank of Hyderabad
  • State Bank of Patiala
  • State Bank of Travancore
  • State Bank of Mysore
  • ICICI Bank : You can apply online through their website.
  • HDFC Bank
  • Canara Bank
  • Axis Bank
  • Central Bank of India
  • IDBI
  • Allahadbad Bank
  • BOI – Bank of India

In case you opt for online facility, you need to add your PPF Account as a beneficiary in your savings bank account before transferring funds online.

The above lists have been prepared on “as is ” basis, there may be certain additions or modifications in the above Banks lists. Do check with the respective banks and their branches before investing your money.

A must read : Best Savings Bank Account in India !

If you have any additions to make in the above lists, do share the same with us ! Also,feel free to share your individual experiences so as to help our readers add to their knowledge.

For a detailed analysis on PPF do go through : PPF Account,PPF Interest rate,PPF Rules,PPF Calculator – A complete guide !

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