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What is the correct time to invest in PPF

Hi Friends,

I have some doubts regarding PPF : 

1. What is the correct time for invest in PPF..?

(As i come to know one year period is calculated from March, So if i invest in the month of August, then i think August to March period will not be calculate..? Do i get any interest for this period? Should i wait for next March..? )

2. Which are the preferred Banks to open the PPF Account ?

3. I wants to open PPF account with SBI, If i don’t have my Bank Account in SBI, can i submit the money online in PPF Account. 

Thanks.

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