How to Make PPF Online Payment

Since the PPF scheme is backed by the Indian Government, there are no risks associated with investments made in the scheme. The PPF interest rate at the moment is 8% p.a. Under Section 80C of the Income Tax Act, 1961, the contributions made towards the scheme and the interest generated from these contributions are tax exempt. The scheme can be opened at banks as well as at post offices.

For more information, Check out related articles PPF Calculator, PPF Interest Rate, PPF Rules & PPF Withdrawal.

Different methods of making PPF payments

The various methods that an individual can use to make payments towards PPF are mentioned below:

By cash or cheque at the bank or post office

The traditional method of making payments towards PPF is by cash or cheque. Individuals will need to visit the bank or post office to make the payment via cheque or cash. The steps required to make the payment by cash or cheque are mentioned below:

  • Form B must be filled with relevant details and submitted.
  • In case individuals are paying by cheque, the cheque must be in the name of the PPF account holder in case the payment is made at banks. In the case of post offices, the cheque must be made in the name of the Postmaster. However, the PPF number, name of the PPF account holder, and the name of the post office must also be mentioned on the cheque. The date the deposit has been made will appear on the PPF account and not the date that the cheque was presented.
  • The next step would be to get the passbook updated.

By using mobile banking application

Online facility is available for those who use the mobile application of the bank. Individuals can use the mobile application in order to make PPF payment. However, individuals will be able to make the PPF payment only if the PPF account is linked to the savings account. Therefore, it is vital that individuals link the accounts before processing any payments.

By using National Electronic Funds Transfer (NEFT)

PPF payments can be made by using the savings account from another bank. In such cases, individuals must use NEFT. This form of transfer allows money transfer from a savings account to the PPF account. However, it is important that individuals check with the bank if the NEFT facility is available for PPF Account transfer. Individuals will also need to know the PPF account number and IFSC code in order for this facility to work. In order for the facility to work both the banks must be enabled with NEFT. NEFT transfer facility is available for interbank and intrabank only.

Using ECS Mandate

The procedure where a fixed amount of money is transferred from one bank account to another on a periodic basis is known as the Electronic Clearing System (ECS) Mandate. This facility is available for a PPF account as well. Individuals will have to visit the bank in order to activate this facility. Once the facility is activated, the money will be deducted automatically from the bank account and deposited into the PPF account. Like NEFT, ECS also works for inter and intrabanks.

By using standing instructions

The procedure where the individual advises the bank regarding the transfer of funds from the bank to PPF account is known as standing instructions. By using standing instructions individuals will be able to transfer funds from the bank account to the PPF account. Standing instructions can be made on a monthly basis for a period ranging between one month and 12 months.


  1. Is it possible to transfer the PPF account from one individual to another?
  2. No, individuals cannot transfer their PPF account. A nominee will also not be able to continue the account in the name of the subscriber who has passed away.

  3. Is it possible for individuals to change the name on the account after marriage?
  4. Yes, on submitting the relevant documents, individuals will be able to change the name on the account after marriage.

  5. Is it possible to transfer a PPF account?
  6. Yes, transferring a PPF account from one account office to another is possible.

  7. Can an individual open more than one account under his/her name?
  8. No, an individual can have only one account under his/her name. However, an additional account can be opened on behalf of a minor.

  9. What are documents that are required to open a PPF account?
  10. Given below is the list of documents that are required to open a PPF account:

    • PPF account opening form
    • Passport size photograph
    • Residence proof and ID proof
    • Nomination form
    • PAN card copy
  11. What is the minimum amount that must be deposited to open a PPF account?
  12. A minimum amount of Rs.100 must be deposited to open a PPF account.

  13. Is it possible for Non-Resident Indians (NRIs) to open a PPF account?
  14. No, it is not possible for NRIs to open a PPF account.

  15. Is it possible for minors to open a PPF account online?
  16. No, PPF accounts on behalf of a minor can be opened only at branches.

  17. Is it possible to extend the 15-year investment tenure?
  18. Yes, the 15-year investment tenure can be expended by a block of 5 years.

  19. Is it mandatory to submit Aadhaar details to open a PPF account?
  20. Submitting Aadhaar details is not mandatory to open a PPF account.

  21. Is it possible to change nominations?
  22. Yes, by applying for a new nomination, changes can be made.

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