PPF Transfer Related Tax Implications

S.K.Agrawal (Others) (122 Points)

01 April 2025  

Dear All

If a person gets his/her PPF Account transferred from One Branch to Other Branch of same bank what will be Tax Implications.

As the ppf account is getting transferred before maturity, hope No Tax Liability will be created, i.e. it will not be treated as amount withdrawn and deposited in new branch. Also on maturity whole amount will be Tax Exempted.

Please Clarify.

Thanks