PPF notification notification

Revised Small Savings Schemes interest rates w.e.f. 01.01.2020

SB Order No. 01/2020 (01/01/2020)

Rate of interest on various National Small Savings Schemes for the fourth quarter of financial year 2019-20 ( starting from 1st January ,2020 and ending on 31st March, 2020) shall remain unchanged from those notified for the third quarter of Financial Year 2019-20 (01st October 2019 to 31st December,2019)....

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Public Provident Fund Scheme, 2019 | PPF Scheme, 2019

Notification No. G.S.R. 915(E). (12/12/2019)

An individual may open a PPF account by making an application in Form-1. (2) An individual may also open one account on behalf of each minor or a person of unsound mind of whom he is the guardian:...

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Government rescinds Public Provident Fund Scheme, 1968

Notification No. G.S.R. 913(E) (12/12/2019)

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....

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Govt withdraws rules related to PPF, NSC, NSS, Sukanya Samriddhi etc.- Issued New Rules

Notification No. G.S.R. 912(E) (12/12/2019)

Central Government rescinds rules, namely The Post Office Savings Account Rules, 1981, The National Savings Time Deposit Rules, 1981, National Savings Recurring Deposit Rules, 1981, National Savings (Monthly Income Account) Rules, 1987, National Savings Certificate (VIII Issue) Rules, 1989, Senior Citizens Savings Scheme Rules, 2004, Kisa...

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Govt notifies Interest Rate on PPF applicable from 1st July 2019

G.S.R.506(E). (16/07/2019)

Central Government hereby notifies that subscriptions made to Public Provident Fund on or after the 1st day of July, 2019 and balances at the credit of the subscriber shall bear interest at the rate of 7.9 per cent. per annum....

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Interest Rates of Small Savings Schemes hiked by 0.30 to 0.40 percent

F.No.01/04/2016-NS (19/09/2018)

Government announces the Revision of interest rates for Small Savings Schemes for the Third Quarter of the current Financial Year 2018-19 On the basis of the decision of the Government of India, the interest rates for Small Savings Schemes are to be notified on Quarterly Basis with the approval of the Union Finance Minister. Accordingly, ...

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Regularisation of PPF accounts opened in Joint names

SB Order No. 06/2018 (28/05/2018)

As per the Public Provident Fund Scheme, 1968, a PPF account can not be opened in joint names, i.e. in the names of more than one individual. Ministry of Finance has been receiving references from various Banks and Post Offices seeking regularization of irregular PPF accounts opened in joint capacity. ...

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Aadhaar mandatory for PPF; Existing depositors to updates by 31.12.2017

Notification No. G.S.R. 1243(E) (29/09/2017)

Aadhaar number shall be the unique identifier for the purpose of establishing the identity of Public Provident Fund account holder. Provided that where Aadhaar number has not been assigned, the depositor shall submit proof of application of enrollment for Aadhaar....

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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 the date of the commencement of the curren...

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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 in the schemes, shall be as under :...

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