PPF notification

PPF account premature closure only in cases of extreme compassionate ground

Corporate Law - Public Provident Fund Accounts– requests for premature closure Recently, there has been a considerable increase in the number of cases being forwarded by Circles to the Directorate for taking up with the Ministry of Finance, relating to premature closure of PPF accounts. The Ministry of Finance have noticed that very few of them qua...

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PPF account- How to Change name of depositor

Corporate Law - When a depositor changes his name, g. on adoption or otherwise or in the case of female depositor, on marriage, the depositor should be required to intimate the fact in writing to the post office and produce the pass book of the account. The intimation should bear the depositor’s signature with the old as well […]...

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PPF Limit of Rs.1.5 Lakh is combined Limit for Individual & Minor Child

Corporate Law - The limit of deposit in PPF of Rs. 1,00,000 (Now 1.50 Lakh) in a year by an individual in his self-account and accounts opened by him on behalf of his minor(s) of whom he is the guardian is combined under rule 3 (1) of the Scheme....

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Premature Closure of PPF account- clarifications

SB Order No. 07/2017 - (24/07/2017) - If a PPF account that has already completed 15 years and has subsequently been extended under the provision of para 9(3A) of the PPF Scheme is closed prematurely before the completion of the current 5 year block period, the reduction in interest rate by 1 percentage point shall be applicable from th...

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Interest rates on Small Savings Schemes for 01.07.16 to 30.09.16

F.No. 1/04/2016-NS .II - (20/06/2016) - On the basis of the decisions of the Government, interest rates for small savings schemes are to be notified on quarterly Accordingly , the rates of interest on various small savings schemes for the second quarter of financial year 2016-17 , on the basis of the interest compounding/payment built-in ...

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1% Lesser Interest on Premature closure of PPF Account

Notification No. G.S.R. 613(E) - (18/06/2016) - 3(C) A subscriber shall be allowed premature closure of his account or the account of a minor of whom he is a guardian, on a written application to the Accounts Office, on any of the following grounds, namely, (i) that the amount is required for the treatment of serious ailments or life threatening...

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Govt notifies Interest Rate on PPF from 01.04.2016

G.S.R. 350(E) - (29/03/2016) - Central Government hereby notifies that the subscriptions made to the fund on or after the 1st day of April, 2016 and the balances at the credit of the subscriber shall bear interest at the rate of 8.1 per cent. per annum....

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Finmin Notifies revised PPF Investment limit of Rs. 1,50,000/-

F.No. 1/2/20 14-NS.II - (13/08/2014) - Act, 1968 (23 of 1968), the Central Government hereby makes the following further amendments to the Public Provident Fund Scheme, 1968, namely :— 1. (1) This Scheme may be called the Public Provident Fund (Amendment) Scheme, 2014....

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Recent Posts in "PPF notification"

Premature Closure of PPF account- clarifications

SB Order No. 07/2017 (24/07/2017)

If a PPF account that has already completed 15 years and has subsequently been extended under the provision of para 9(3A) of the PPF Scheme is closed prematurely before the completion of the current 5 year block period, the reduction in interest rate by 1 percentage point shall be applicable from the date of the commencement of the curren...

Read More

Interest rates on Small Savings Schemes for 01.07.16 to 30.09.16

F.No. 1/04/2016-NS .II (20/06/2016)

On the basis of the decisions of the Government, interest rates for small savings schemes are to be notified on quarterly Accordingly , the rates of interest on various small savings schemes for the second quarter of financial year 2016-17 , on the basis of the interest compounding/payment built-in in the schemes, shall be as under :...

Read More

1% Lesser Interest on Premature closure of PPF Account

Notification No. G.S.R. 613(E) (18/06/2016)

3(C) A subscriber shall be allowed premature closure of his account or the account of a minor of whom he is a guardian, on a written application to the Accounts Office, on any of the following grounds, namely, (i) that the amount is required for the treatment of serious ailments or life threatening diseases of the account holder, spouse ...

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Govt notifies Interest Rate on PPF from 01.04.2016

G.S.R. 350(E) (29/03/2016)

Central Government hereby notifies that the subscriptions made to the fund on or after the 1st day of April, 2016 and the balances at the credit of the subscriber shall bear interest at the rate of 8.1 per cent. per annum....

Read More

PPF account premature closure only in cases of extreme compassionate ground

Public Provident Fund Accounts– requests for premature closure Recently, there has been a considerable increase in the number of cases being forwarded by Circles to the Directorate for taking up with the Ministry of Finance, relating to premature closure of PPF accounts. The Ministry of Finance have noticed that very few of them qua...

Read More
Posted Under: Corporate Law |

PPF account- How to Change name of depositor

When a depositor changes his name, g. on adoption or otherwise or in the case of female depositor, on marriage, the depositor should be required to intimate the fact in writing to the post office and produce the pass book of the account. The intimation should bear the depositor’s signature with the old as well […]...

Read More
Posted Under: Corporate Law |

PPF Limit of Rs.1.5 Lakh is combined Limit for Individual & Minor Child

The limit of deposit in PPF of Rs. 1,00,000 (Now 1.50 Lakh) in a year by an individual in his self-account and accounts opened by him on behalf of his minor(s) of whom he is the guardian is combined under rule 3 (1) of the Scheme....

Read More
Posted Under: Corporate Law |

Finmin Notifies revised PPF Investment limit of Rs. 1,50,000/-

F.No. 1/2/20 14-NS.II (13/08/2014)

Act, 1968 (23 of 1968), the Central Government hereby makes the following further amendments to the Public Provident Fund Scheme, 1968, namely :— 1. (1) This Scheme may be called the Public Provident Fund (Amendment) Scheme, 2014....

Read More

Rate of Interest on PPF on Subscriptions Made On Or After 1-4-2014

Notification No. GSR 496(E) (11/07/2014)

Rate Of Interest On Public Provident Fund Scheme Under Section 5 of the Public Provident Fund Act, 1968 (23 of 1968) On Subscriptions Made To The Fund On Or After 1-4-2014 And Balances At The Credit Of Subscriber Notification No. GSR 496(E) [F.NO.6-1/2011-NS-II (PT.II)], Dated 11-7-2014 In pursuance of section 5 of the Public Provident [&...

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Govt fixes PPF Minimum initial Subscription at Rs. 100 & allows online payment

GSR 225(E) (13/03/2014)

Central Government has vide Notification No. GSR 225(E), Dated - 13-3-2014 fixed initial minimum subscription in PPF at Rs. 100 by amending the para 4 of Public Provident Fund Scheme 1968. Earlier there was no minimum fixed amount of deposit for opening of PPF account but the condition was that amount of initial subscription shall be i...

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