can deposit twice in my ppf account at march

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  1. sagarsuryawanshi

    sagarsuryawanshi New Member

    Hello there,
    I found your website is really helpful about tax info thanks for that.
    I want to save my tax by paying more amount in ppf account where first payment for this month is deposited so its can be possible or not allowed to deposit twice in amonth.
     
  2. V K Khanna

    V K Khanna Active Member

    There is no such restriction. The amount can be deposited in a lump-sum or in 12 instalments over a year. But the amount deposited should not exceed Rs 1.50 lakh in a FY. If you deposit more than Rs 1.50 lakh in your PPF a/C in a FY, you will not get interest on the excess deposit beyond Rs 1.50 lakh.
     
  3. Daph

    Daph New Member

    Hi,
    I have a query regarding ppf
    I have opened a ppf account with Hdfc since March 2017 and it's suppose to be annually
    But due to clerical mistake the bank is deducting 20k every month from my account
    I've filed for a complain and asked for correction to annual and for refund but they say they can't refund as per RBI rules
    Can you please let me know what are the rules as I want this money refunded back to me
    Awaiting your reply
     
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