How do I link a PPF account with a savings account in SBI?

You can link your Public Provident Fund (PPF) account with your savings account in the State Bank of India (SBI) by following these steps:

1. Visit your nearest SBI branch and fill out an application form for linking the accounts.
2. Provide the necessary documents such as the PPF account passbook and the savings account passbook or statement.
3. Submit the application form and the documents to the bank.
4. The bank will verify the information and link the accounts.
5. You can check the status of your application by visiting the bank or by checking your account online using SBI’s internet banking service.

Alternatively, you can also link your PPF account with your savings account via internet banking, You need to log in to your internet banking account, navigate to the ‘Services’ option and click on ‘Link Your PPF Account’. You will be prompted to enter your PPF account number and other details. Once the details are verified, your PPF account will be linked to your savings account.

PAN is mandatory to link PPF Account

Yes, that is correct. A Permanent Account Number (PAN) is mandatory to link a Public Provident Fund (PPF) account with any savings account in India.

This is because PAN is a unique identification number that is issued to all individuals and entities by the Income Tax Department of India, and it is mandatory to quote PAN on all financial transactions including opening and linking of bank accounts.

So when you are linking your PPF account with your SBI savings account, you will need to provide your PAN details. Without PAN, the linking process will not be possible.