How to transfer post office account to banks
Though Post office Savings schemes are attractive which is said to be rather cumbersome to open up an account at Postal department savings at the latest modern facilities in investment or transactions online through internet.
There are many saving schemes which are said to be transferred from Postal Department to banks. Example, Sukanya Samruthi Account (SSA) or Public Provident Fund (PPF) accounts to be transferred from Post Office to banks.
You can transfer at the same account that kept in Post office at bank. For transferring above mentioned two schemes to banks from Post office to submit up an application to Post office. You can also mention the name of banks details of savings account at bank.
In order to transfer PPF account from Post office at Bank, all you need to fill up the form SP-10(B) and submit. If you have to surrender the passbooks of PPF accounts or SSA to Post office. Please take care to take up a Xerox copy of your account passbooks.
After completing all above activites, Post office is said to start the transfer work. All they will send up all the relevant documents to bank. Once all the documents to reach the bank, all the procedure to be completed in opening a new account. First all you to submit the application form for opening up saving account to fill up and submit to bank.
With application form, all you to do is to attach ID proof, address proof and photographs. For SSA, all you to submit up birth certificate for your daughter. Once all these submitted, new account said to be started immediately. Bank is said to issue by the passbooks.
If you transfer PPF or SSA accounts to bank which is easier yo carry out transactions online. You can make payments online. If you give cheque to Post office then it will take lots of time to make a transfer to materialize. Its easy to take all monthly status report online from bank.
Next important think is all you need to have bank savings account to transfer your PPF or SSA account in Post office. In case all your saving accounts are now in one branch to be simpler and easier to carry out transactions.
Time taken for transfer from Post Office to bank to depend on how fast Post office Staff complete the procedures. All you need to visit Post Office 2 or 3 times. All you need to visit up bank at few times. once transfer is done then all transaction activities are to be online.