Dear sirs: I had a ppf a/c for 15 years and was getting 8% int. However I forgot to give an extension letter and now 16 years and two months have passed. The bank tells me that your a/c has lapsed and you cannot continue this a/c. Also they have informed that if the amount is not withrawn it will earn only savings bank int. and not 8%. Please inform me regarding the rule. Was this information helpful? |