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Originally Posted by
Sumant
I had opened my PPF account with PNB in the year 2000 and deposited Rs. 1000/- in it. Later on one PPF agent contacted me and told me that if I open PPF account (with his agency code) then on every year, on PPF deposit money, he will give me 0.5 % commission back to me. I told him about my existing PPF account, then he told me that it’s not a problem. He advised me not to deposit anything in that account so that it will become dormant. I had opened new PPF account as per his advice with his agency code. I am depositing regularly Rs 50,000/- in my new account and not depositing any money in my old PPF account.
1- What will happen in my case?
2- Will I get deposited money along with interest or will I get only deposited money?