PPF related queries

I have a PPF account and have deposited ₹10000/- in April. If I wish to deposit the balance (₹140000/- as per existing rules) now i.e., mid-June, will I lose out on the interest generated in the month of June (crediting my PPF account before 5th June would have been ideal)? In that case, should I wait till 1st of July before depositing?
Secondly, I asked my bank the exact PPF number that can be added as a beneficiary so that the account is directly credited from another bank. But they were clueless about this. I tried putting in the last 12 and 13 digits but was denied in the app. If my PPF number is:
xxxx PPF0 xxxx xxxx xxxx, which part of this long sequence of digits (excluding the PPF of course) do I enter as the beneficiary/payee number? The bank people have absolutely no idea. Please opine.
 
Last edited:

amitvicky

KF Mentor
Yes, deposit money by 5th of every month is most beneficial. You may deposit in July and till that time earn a little more from savings account.

My account number is purely numerical. Nothing like xxx-PPF etc.
For me I just entered the numerical account number.
IFSC code - please Google it as PPF has some specific IFSC code irrespective the location of your PPF account
Also, I believe only IMPS transfer works. Check this too on Google.

Another important thing, you can transfer the amount which is remaining for the limit of 1.5L (let's say 1.4L) in your case.).
If you transfer even a rupee more than the whole transaction will be reversed.
 
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