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Actually I submitted a CITI bank check of Rs80,000 to SBI PPF account (They simply told me to put check in a drop box) (I heard from someone the limit is now one lakh thus I put that much amount). Now I want to know what will happen with that check. Since we can't put more than Rs70,000 to PPF account, so will they cancel my check or will they send it to citi bank for clearance and put 70,000 in my PPF account and rest they will return to my citi back account?
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1 Answer

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PPF will not accept your cheque. They will return back to your bank. You can collect it from that branch.

Hope it will help you.
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answered by (48.8k points)

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