Sbi ppf passbook online dating
Read – How to open a PPF account at SBI Bank Do you know How PPF interest is calculated ? Now as per PPF Rules, the bank or the post office transferring the account will add interest up-to the preceding 31st March in the account before the it is transferred.The interest from 1st April onwards will be added by the transferee office after the close of the year.current years deposit interest is the principal corpus for the next year the deposit made in the next year the interest payable on it.
I think Post Office Employee has more information (and less ego) than SBI Employees.So, in this article we will see the steps required to from Post office to any Bank. But you can use the same procedure for any SBI Bank or its subsidiaries or even ICICI Bank which has recently started providing PPF accounts.The balance in your PPF account in Post Office will be taken out and your PPF account will be closed by Head Post Master and he will note the remark of Transfer of PPF Account to SBI Bank on all the relevant documents.The current rate of interest offered by State Bank of India on its PPF account is 8.7% per annum.This rate of interest is good as the interest is compounded yearly i.e.