I have a PPF account, which I opened through ICICI bank ..
Every month they automatically deposit some amount to my PPF account ..
So in one year all those installments total is less than 1 lakh (PPF allows maximum deposit of 1 lakh per year) ..
Now if I want to add more funds to my PPF account than can I do it? Cos on wiki it says
Or it says tht one can deposit as much as amount as "whole sum" in addition to those 12 installments?
Every month they automatically deposit some amount to my PPF account ..
So in one year all those installments total is less than 1 lakh (PPF allows maximum deposit of 1 lakh per year) ..
Now if I want to add more funds to my PPF account than can I do it? Cos on wiki it says
So those automatic installments makes it 12 installments in a year .. and if I make any extra "whole sum" deposit than will it increase the maximum allowed installments in a year?The investments can be made in multiples of Rs. 500, either as a whole sum, or in installments (not exceeding 12 in a year, though more than one deposit can be made in a month).
Or it says tht one can deposit as much as amount as "whole sum" in addition to those 12 installments?