Not many people are aware that they can transfer PPF account from Post Office to Bank and vice versa. In fact, you can transfer PPF from one bank to another. In short, there is complete portability of Public Provident Fund (PPF) between RBI Authorized Banks and Post Office. In my post on Public Provident Fund (PPF), i highlighted the benefits of PPF Account. PPF is the only tax savings tool, which is popular among people who are investing only for retirement planning. They don't avail tax benefits u/s 80C but open PPF account because of inherent features and high interest rate. Though process ... Read More
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