Earlier in my article on “Should PPF account be part of your Retirement Corpus?” I had discussed rules of PPF scheme and how it can become part of your Retirement Corpus. In last few days I have heard many investors, complaining on service issues with Post office on PPF account. Investors believe that PPF account which is opened with Post office can be transferred to another Post Office only and not to Nationalized Bank.  This is not true you can transfer PPF account from Post Office to Nationalized Banks. This article is an effort to guide investors on “How they can transfer their PPF Account from Post Office to Nationalized Bank smoothly”.

 PPF is a central Govt. scheme and one can open PPF Account with post office and Nationalized Banks. Rules and regulations are same. Till now lot of investors have opened their PPF accounts with post office because in post office there were more agents working and they were ready to help clients for their commissions.  But after words, commission to agents on PPF account was discontinued so now agents have lost their interest in PPF account deposits and services. As a result PPF account holders are facing lots of problems because of poor services of post office.