How to Add PPF Account as Beneficiary in HDFC?

I recently wanted to transfer money from my HDFC Bank account to my PPF account. For this to happen, I was in urgent need to add the PPF account as a beneficiary in my HDFC Bank account. So after my research, I got know how to add HDFC PPF account as beneficiary in HDFC. Let me share the steps with you all;

How to add beneficiary for PPF account in HDFC netbanking?

• Use your

  NetBanking

  ID and Password to log in, then select Funds Transfer > Request from the menu. Include a Beneficiary

• In NetBanking, choose "Transaction Type" from the Funds Transfer section, then click on the "GO" button.

• Enter the necessary information (for a new beneficiary, their account number, bank, and branch IFSC code) after choosing the account and beneficiary.

• Review the information, and if everything is accurate, confirm to finish the procedure.

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You can follow these steps to assist you with how to add HDFC PPF account as beneficiary in HDFC.

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HDFC is one of the organisations with permission to create and manage PPF accounts. Public Provident Fund, or PPF, is a long-term way of investing. It is supported by the Indian government that provides users with PPF tax deduction. So let me tell you how to add PPF account as beneficiary in HDFC. Want to earn assured cashback? Pay your utility bills on NoBroker here. Opt for a NoBroker home loan and make the dream of owning a house come true.

How to add HDFC PPF account as beneficiary in HDFC?

Log into your net banking profile and add your HDFC PPF account as a beneficiary before you may create an online payment. When you've registered your PPF account as a beneficiary via HDFC net banking or mobile banking. You can rapidly send money to it. If you want to simplify the procedure, you can ask your bank to credit your HDFC PPF investment.

How do I add a beneficiary for a money transfer in HDFC Bank?

• Access the HDFC bank website.
• HDFC Official Website
• Enter your HDFC net banking user ID and password to log in.
• Select "Funds Transfer" from the drop-down menu.
• After that, select "Request" from the menu on the left side of the screen.
• In the left toolbar, select "Request" and then click "Add a Beneficiary."
• Here, choose the sort of transaction you want to make: a transfer within HDFC Bank or an NEFT/RTGS/IMPS transfer to another bank. To continue, click the "Go" tab after choosing your course of action. I have chosen to "transfer to another bank NEFT/RTGS/IMPS" in this instance.
• Enter the beneficiary's information, including their name, email address, bank account number, and type of account. The IFS Code is only necessary when registering a beneficiary from another bank. Select "Add" from the tabs.
• Verify your information here and select the "Confirm" tab.
• Verify your mobile number on the following screen to get an OTP (One Time Password). To get an OTP sent to your mobile phone hit the "Continue" option.
• Enter the OTP that was issued to your mobile phone on the following screen. Select "Continue" from the tabs.
• When everything is finished, the page notifies you that the beneficiary was added successfully.
• The recently added beneficiary will become active after 30 minutes.
• You can transfer cash to the newly updated account once it has been approved.

Now you know how to add PPF account as beneficiary in HDFC. Read More: Can NRI open a PPF account? What is the PPF minimum contribution? Is there any age limit for the PPF account? Which is better NSC or PPF?