I am having my ppf account with SBI 5 financial years are completed 2 years back Rs. 29000 was withdrawn, now I want to close this account and use funds for MBA completion . closing form is submitted by me to the SBI Branch. I want to know that I have to pay withdrawn amount or they will adjust from my payable amount and how much time bank will need to complete the closing procedure. Please reply
Refer my post with respect to latest PPF premature closure rules “Premature closure of PPF account – New Rules 2016“. Regarding time to complete the process, it hardly takes around 2-3 days.
Please answer all queries withdrawn amount I have pay or not ?