Just one more month to go and PPF Online Transfer process needs to be made ready, in this post I will share the procedure on How to carry out Vijaya Bank PPF Account Online Transfer Guide. If you are new to PPF Account or a long term depositor – online transfer into ppf account usually should happen in April 1st – 5th in any Financial Year. If you follow the same rule every year for 15 years you can make a huge chunk of money in PPF Account as it is a tax free savings account. Hence thousands and thousands of users deposit in PPF Account every year and fresh applications rush to ppf account every year. In the last few weeks, I received a huge request about How to Transfer Money from Vijaya Bank Savings Account to Vijaya Bank PPF Account Online. Hence I’ll share the screenshots of the transfer process as it will help many users of PPF Account carry out the transfer.
Vijaya Bank PPF Account Online Transfer Guide
The below step by step process on Vijaya Bank PPF Account Online Transfer Guide will help you master how to transfer money in ppf account via online access and transfer
Step 1 – Access the Vijaya Bank V-Net Banking Site – https://www.vijayabankonline.in/
Step 2 – Now Click on Retain Banking and Click on Continue > Enter your User ID and Password followed by the Captcha
Step 3 – Now you will taken to the Dashboard of Vijaya Bank Online Access, which will give you access to both PPF Account and also Savings Account. The benefit of opening ppf account and savings account in the same bank is transfer facility is easy.
Note : If you look at the above process, its easy for a user to transfer money from savings to ppf account hassle free and transfer any time within the year.
Step 4 – Click on Transactions and move to PPF remittance to transfer money from savings to ppf account online
Step 5 – Now enter the details from which account you want to transfer money (savings) to which account you want to transfer (PPF Account)
Note : A transfer to PPF Account is possible only 12 times in a year and max deposit of 1,50,000 INR>
If the deposit is not made, a fine of 100 INR will be deducted and then the total amount will be reflected into the ppf account.
Note: If you look at the above account there is no transactions made in the year 2015 – 2016, which is a bad practice in ppf account. You will not get benefit for the present financial year.
It is advised to open ppf account b/w April 1st – 5th and deposit b/w April 1st – 5th of every financial year.