PPF — Wrong calculation of PPF interest | |||
Dear sir/ Ma'am, My PPF account has been transferred from Chinsurah H.P.O to SBI ADB Chinsurah (Branch Code 1745). All my PPF account balance has been transferred to SBI which was effective from 01/04/2015 as shown on my SBI PPF passbook. Unfortunately when the PPF interest was credited on 31/03/2016, I noticed it is about Rs. 23, 558/- less than what it should be. The Branch Manager of SBI ADB said that the Post Office would give the residual interest but the Postmaster said that it was Bank's responsibility. Now they both blame each other. Now please tell me what should I do to get the residual interest & look after the matter.Thanking you in anticipation. BHASKAR DUTTA Chinsurah, West Bengal SBI PPF A/C no: [protected](Branch Code 1745) E mail id: [protected]@gmail.com Was this information helpful? | |||
 2 Comments | |||
Comments
why don’t you use online PPF Calculator instead ?
They are updated regularly and are easy to use as well.!
They are updated regularly and are easy to use as well.!
As per sbi ppf policy for[protected], its interest rate is 8.1% and max 150000rs can be credited. According to this if 150000rs in ppf account then interest should be around 12000rs... But i got only some 2000rs only... Why this wrongly calculated amount has credit..???
Let me know what next u r going to do?