I would like to have a copy of the oft-quoted PPF Rules that purportedly specifies that the total contribution (and NOT deduction under 80C) that can be made by a person together with his minor child/children cannot exceed Rs. 1.5 lakh.
Also if the bank has accepted and paid interest on the excess amount year after year how can it suddenly deny to pay the interest retrospectively and pay only the principal? Mr. Manish Chauhan may kindly illuminate with a copy of the PPF Rules. Thanks and regards.