I have a savings account with HDFC Bank and a PPF account with Corporation Bank. I have added Corporation Bank PPF account as a beneficiary account and tried to do NEFT for Rs. 1,000 but the amount was credited back to my account. Can anybody tell the reason for this?
Please check whether your Corporation Bank PPF account is CBS enabled or not. Have you keyed in the IFSC code and other details correctly. If all yes, then contact Corporation Bank to know the exact reason.