I have completed more than 10 years for my PPF account in State Bank of India, Dharavi Branch. Now I have withdraw 1,37,000 amount from my PPF account. But SBI, Dharavi Branch has charged me commission about Rs. 350. Please tell me whether it is correct? and they are giving me Banker cheque, is it correct? Please reply
Re: withdrawal of PPF amount
by SUBBA RAO on Jan 11, 2012 11:47 PM Permalink
sir no charges are to be collected and they will issued bc only or else they have to credit the amt to your a/c only and they do not pay cash as such issuing bc only
I have to withdraw some amount from my ppf account. I have completed 10 years opening my for accoount in State Bank of India. Is there any commission charged by SBI on my withdral. Please tell me
I would like to know as to how the interest is calculated in PPF scheme. Say for instance, if I go on investing 2,000 p.m, what will be the interest earned at the end of FY? And if I invest 24,000 in Feb, what will be the interest earned at the end of FY?
Hi, I would like to know as to how the interest is calculated in PPF scheme. Say for instance, if I go on investing 2,000 p.m, what will be the interest earned at the end of FY? And if I invest 24,000 in Feb, what will be the interest earned at the end of FY?
As on date if one is eligible to withdraw 1 lakh from his account , and he wants to put back this 1 lakh in his account , lets say after 6 - 8 months = then one can do so ?
If I get the PPF account for this financial year (2008-2009) for 70000 Rs(Investing 70000rs every year), how much do I get at the end of 15years. how do teh interest calculation is done
Re: Re: Re: how to calculate the PPF account
by Guest on Dec 11, 2008 11:39 PM Permalink
if you invest Rs. 70000 per year, you will get Rs. 1900647.00 at the end of 15 years. Interest calculation is done annually end of march on monthly products. ie balance as on 5th of each month is taken as the eligible amount for the month. remittances paid after 5th will not be eligible for interest during the month.
Re: Re: Re: how to calculate the PPF account
by Guest on Dec 11, 2008 11:36 PM Permalink
if you invest Rs. 70000 per year, you will get Rs. 1900647.00 at the end of 15 years. Interest calculation is done annually end of march on monthly products. ie balance as on 5th of each month is taken as the eligible amount for the month. remittances paid after 5th will not be eligible for interest during the month.
