Public Provident Fund — Interest not credited for April month

Address:

Mumbai City, Maharashtra

Dear Sir,

Currentlu I have PPF account with Bank of India Dadar (W) Phortuki Church Branch. I had deposited Rs. 70000/- on 3rd April 2010 and 2nd April 2011. The money has been deducted from my bank 0n 5th April for both year but BOI is mentioning that it has been deposited on 8th April 2010 and for current financial year its deposited on 7th April 2011.

Due to this I have not be credited April month interest for last year and I will be having the same situation last year. I do not understand that we give check on 1st working day of financial year and due to bank not working in few days till 5th April we have been loosing inetrest of one month.

When I approach bank they are not giving any reply.

Please advise what next action to be taken since I have abide to rule to deposit amount before 5th April cut off date and money has been deducted from my bank on 5th April. Still I have not been given interest for April Month.

I have been facing this situation from last 2 years and will be having the same situation next year 2012

Please adise,