Till now when a subscriber makes a deposit by local cheque or demand draft in to PPF account, the date of tender of cheque or draft at the Accounting Office is treated as date of deposit, provided the related cheque is honoured on presentation for encashment.
It has now been decided that when a deposit is made in the PPF account by means of a local cheque or demand draft by the subscriber, the date of realization of the amount will be the date of deposit.
Click here for the text of the notification DGBA.CDD. H- 7530/15.02.001/2009-10.
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