The Lone Crusader
KF Rookie
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.
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.
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