INTEREST ON PPF ON MATURITY
This query is : Resolved
27 April 2023
DEAR SIR, ONE OF MY FRIEND'S WHO HAS A PPF ACCOUNT WHICH COMPLETED 15 YEARS ON 31/3/2023. HE HAS DECIDED TO CLOSE THE PPF ACCOUNT. WHETHER HE WILL GET ANY INTEREST FROM 1/4/2023 TILL THE DATE OF CLOSING OF THE PPF A/C, SAY, 28/4/2023? THANKS & REGARDS
27 April 2023
He can get interest for full one month, but not for incomplete month.
If he closes on 01.05.23, he will get interest for 1 month, but no interest if he closes the acc on 28.04.23.
If he closes on 01.05.23, he will get interest for 1 month, but no interest if he closes the acc on 28.04.23.
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