It appears that SB-10(b) published on the India Post website (https://www.indiapost.gov.in/VAS/Pages/Form.aspx) is actually meant for transferring a PPF account from one branch of Post Office to another branch of Post office, rather than a transfer from Post Office to a Bank.
I say so because of the wordings in the form – “standing on the books of the …. Post Office Savings Bank may be transferred to the books of the …. Post Office Savings Bank”.
How to use this form to request a transfer to a “bank”? Can one edit the form to say “standing on the books of the …. Post Office Savings Bank may be transferred to the books of the …. (bank name) at ….. (bank branch address)”?
Appreciate your input.
Thanks in advance.
The form you are referring is meant for transferring Post Office Savings account from one Post Office to another Post Office. It is not meant for PPF transfer. Check the concerned post office and get the related form.
I refer to your blog “How to transfer PPF Account from Post Office or Bank to another Post Office or Bank?” and I quote:
A written application for transfer needs to be made to the Post Office or Bank from where an investor wants to transfer his PPF Account. Along with this written application, you also have to fill the PPF Transfer Form (SB10-b). You have to provide your PPF Account Details, names and addresses of the branch/bank/post office where it is held, as well as the location where the transfer is sought. You will find the written application format at HERE.
The above gives the impression that SB-10(b) is the form to be used if intending to transfer PPF account be it tansfer from PO to PO, or PO to Bank. I surely did get that impression from reading the above …. and hence the query initially posted.
That said, after posting the query I came across the Post Office Saving Bank (POSB) Manual which, under 155(b), suggests that Form SB-10(b) can be “amended in manuscript” to apply for transfer from PO to a bank. So re-drafting the form as suggested in my initial post may work …. supported by a cover letter.
May be…but please confirm with Post Officials. Because their rules are UNIQUE.