PPF Investment Limit increased to 1 lakh from 1.12.2011

[magnet]

I went to my ppf holding branch and the manager says to come in next financial year to make payment above 70k.I know he is dumbo.Can i make payment in excess of 70k which i already di in my ppf account?

[Krypton]

I went to my ppf holding branch and the manager says to come in next financial year to make payment above 70k.I know he is dumbo.Can i make payment in excess of 70k which i already di in my ppf account?

This rule is applicable from current year (from 1 Dec'2011), so you can deposit 1 lac now.