Well as you people might be knowing interest rate and limits of PPF account have been enhanced.
I read the above rule will get validated from december 1st(that is today).
I have already made 70000 investment for the financial year at year start.Now with limit enhanced i went into branch for making the remaining 30k payment.
Now i made a visit to my ppf account holding sbi branch.The dumbo manager knows nothing and says it will take time or he means come in next financial year.
I wanted to verify whether person can make the enhance payment from this financial year or from the next one.
Because as per this 2 links the notification states interest as well as limit enhance gets validated from 1st December 2011
All you want to know about Public Provident Fund Scheme (PPF), 1968 (Updated)
PPF Investment Limit increased to 1 lakh from 1.12.2011 and interest on loan against PPF will cost 2 percent extra
Please late me know before 5th december 2011 because if its validated than after 5th one month interest gets lapsed so i need to pay after 1st jan to 5th jan to get the desire interest for that month.
I read the above rule will get validated from december 1st(that is today).
I have already made 70000 investment for the financial year at year start.Now with limit enhanced i went into branch for making the remaining 30k payment.
Now i made a visit to my ppf account holding sbi branch.The dumbo manager knows nothing and says it will take time or he means come in next financial year.
I wanted to verify whether person can make the enhance payment from this financial year or from the next one.
Because as per this 2 links the notification states interest as well as limit enhance gets validated from 1st December 2011
All you want to know about Public Provident Fund Scheme (PPF), 1968 (Updated)
PPF Investment Limit increased to 1 lakh from 1.12.2011 and interest on loan against PPF will cost 2 percent extra
Please late me know before 5th december 2011 because if its validated than after 5th one month interest gets lapsed so i need to pay after 1st jan to 5th jan to get the desire interest for that month.