PPF notification notification

TDS on interest on Post Office Saving Schemes reduced

S.B. Order 23/2020 26/06/2020

In order to provide more funds at the disposal of the taxpayers for dealing with the economic situation arising out of COVID-19 pandemic. the rates of Tax Deduction at Source (TDS) for the following non-salaried specified payments made to residents has been reduced by 25% for the period from 14th May, 2020 to 31st March, 2021....

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Public Provident Fund (Amendment) Scheme, 2020- Interest Rate Notified

Notification No. G.S.R. 290(E) 05/05/2020

Public Provident Fund (Amendment) Scheme, 2020- The deposits made in the account between 12th December, 2019 to 31 st March, 2020 (both days inclusive) and the balances at the credit of the account shall bear interest at the rate of 7.9 per cent. per annum. Lowest balance at the credit of an account between the close of the fifth day and ...

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Relaxation guidelines for PPF and Sukanya Sarnriddhi Account

F.No. 14/6/2020-NS 11/04/2020

The Public Provident Fund (PPF) account/ Sukanya Sarnriddhi Account (SSA) holders will be eligible to make a single deposit each in account(s) opened in his own name and/or account(s) opened in the name of minor(s), as the case may be for FY 2019-2o till 30.06.2020 subject to the condition of maximum deposit ceilings prescribed in the PH/...

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Massive interest rate cut on Small Savings PPF/ SSA/ NSC/KVP/SCSS

F. No. 1/4/2019-NS 31/03/2020

Government has declared Rate of Interest on Small saving for the Quarter of April 2020 to June 2020 with Massive cut in in interest Rate ranging from 0.70 to 1.40 % per annum. For example rate of interest on PPF been reduced by 70 basis points to 7.1% per annum and same on Sukanya Samriddhi […]...

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No penalty/revival fee in RD/PPF/SSA Accounts till 30.06.2020

SB Order No. 14/2020 31/03/2020

The subscribers of RD/PPF/SSA Accounts may deposit the mandated due amount, if any of current F.Y. (2019-20) and April, 2020 (as the case may be) in their respective accounts till 30th June, 2020 and no penalty/revival fee shall be charged...

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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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September 2021