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Two monthes ago I have transfered my PPF A/C from other SBI branch to new SBI branch, but new A/C number has been issued after transferring A/C. Is transferring PPF A/C means opening new A/C from transferred date? If it is so than how much amount I can contribute in running FY for rebeting tax (before transferring my A/C balance was Rs 75555/-). Please suggest me.
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I want to open PPF accounts for my wife & 7 minor children. I have following questions:
6. Do I need to open 8 SB accounts to open PPF account for them?
7. Can I open I combined SB account and linked 8 PPF account with that account?
8. What are the documents I need to submit for minor children?
9. I come to know that Personal banking SB branch does not have PPF facility. is it true?
5. What will be limit for all these PPF account? Can I deposit 6 lakh in each of these 8 PPF accounts? I know that in 85C I will get benefit of 6 Lakh only.
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For Online Contribution: For online transaction into PPF account you can not only use you SBI account but also any non-SBI account having the facility to link SBI PPF account within them.
For PPF contribution you can do it for yourself or for your minor child, but not for your father. You can transfer funds from your SBI account to your father 8767 s SBI account so that an ECS can be initiated from your father 8767 s account and then the said PPF account can be funded (indirectly). As I know SBI to SBI there is no fund transfer charges as of now.
It is not mandatory to have an SB account with the bank where you open PPF account, but it 8767 s upto the bank whether they get it opened with or without a bank account with them.
On my passpot , my previous address is present. But I donot live there. Also I stay in PG no Residence proff. How to open a PPF account?
All those people that told me I can t - I ve turned around and told them I can. Anyone can study with the OU.