MINISTRY OF FINANCE
(Department of Economic Affairs)

NOTIFICATION
New Delhi, the 12th December, 2019

G.S.R. 913(E).— In exercise of the powers conferred by section 3A of the Government Savings Promotion Act, 1873 (5 of 1873), the Central Government hereby rescinds with immediate effect the Public Provident Fund Scheme, 1968, published vide number G.S.R. 1136(E), dated the 15th June, 1968, except as respects things done and omitted to be done before such rescission.

[F. No. 2/2/2018-NS (Pt. I)]
RAJAT KUMAR MISHRA, Jt. Secy. (Budget)

Other Relevant Must Read Notifications

Title Notification No. Date
National Savings Time Deposit Scheme, 2019 Notification No. G.S.R. 922(E) 12/12/2019
Post Office Savings Account Scheme, 2019 Notification No. G.S.R. 921(E) 12/12/2019
Kisan Vikas Patra Scheme, 2019 Notification No.G.S.R. 920(E) 12/12/2019
National Savings Certificates (VIII Issue) Scheme, 2019 Notification No. G.S.R. 919(E) 12/12/2019
National Savings Recurring Deposit Scheme, 2019 Notification No. G.S.R. 918(E) 12/12/2019
National Savings (Monthly Income Account) Scheme, 2019 Notification No. G.S.R. 917(E) 12/12/2019
Senior Citizens’ Savings Scheme, 2019 Notification No. G.S.R. 916(E) 12/12/2019
Public Provident Fund Scheme, 2019- New PPF Rules Notification No. G.S.R. 915(E). 12/12/2019
Sukanya Samriddhi Account Scheme, 2019 Notification No. G.S.R. 914(E) 12/12/2019
Government rescinds Public Provident Fund Scheme, 1968 Notification No. G.S.R. 913(E) 12/12/2019
Govt withdraws rules related to PPF, NSC, NSS, Sukanya Samriddhi etc. Notification No. G.S.R. 912(E) 12/12/2019

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6 Comments

  1. Mahesh says:

    i am unable to withdraw (partial withdrawal) from my ppf account. same problem in mar2020 then in mar2021 and also now in this financial year,
    account opened in mar2011, was able to withdraw in mar2017, mar2018, mar2019

  2. Shivani says:

    PPF account of minor daughters:
    I want to change the guardian name from child’s father to mine as after divorce, I am the guardian. Bank says it cannot be done as per rules. Since the children live with me after legal divorce, the guardian name must be changed.

  3. Sugyan Prakasha Swain says:

    Good and appreciate the communication. One doubt, if you clarifies I will be grateful to you. I have opend a ppf a/c wef July199. Further maturity I have extend this a/c next five years, which have matured. Can I further extend up to next five years by applying Form H. kindly guide me accordingly. From Odisha, Cuttack.

  4. KANNAN, R says:

    SBI refuse to extend beyond 30 years for the deposit opened in March, 1990, as it is covered under PPFAct 1968. Is it valid? Whether the rules 2019 permit such extension of deposits completing 30 years as on 31.3.2020?

  5. V R RAO says:

    PPF account opened in 2016. The account holder has migrated to Canada in 2019. Can the depositor close the account which is allowed as per PPF Scheme, 2019.

  6. m g raman says:

    The silver lining is that those who have opened or extended the ppf a/c on or before 11.12.19 will continue to get 8.1 % interest till maturity of their deposit since ” except as respects things done and omitted to be done before such rescission.” . however no deposits may be made in the a/c after that date & hence new deposit may hv to be opended under the 2019 scheme for tax benefit. however deposits made upto 11.12.19 should be eligible for tax exemption unde 80c section.

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