Ask Value Research

Can I set up ECS facility for PPF?

You can set up an ECS with your savings bank account to facilitate direct debit for your contributions towards your Public Provident Fund (PPF) account

Research Desk

I want to know if money can be deposited in monthly installments into PPF account by auto debit or ECS facility, how to obtain the acknowledgement so that I can produce it to file IT returns?
- Keshav Shenoy

Yes, you can set up an Electronic Clearance Service with your savings bank account to facilitate direct debit for your contributions towards your Public Provident Fund (PPF) account. You can use the PPF account statement as a proof at the time of filing returns.

This article was originally published on June 15, 2016.

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