PPF notification notification

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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PPF and SCSS, 2004 Interest Rate wef 01.04.2014

DGBA.CDD. No. 5342 /15.02.001/2013-14 (21/03/2014)

Please refer to our circular RBI/2011-12/359 dated January 20, 2012 regarding interest rates on small savings schemes, wherein it was indicated that as per Government’s decision on revision of interest on small savings schemes, the interest rates on various small savings schemes for every financial year will be notified by the Governmen...

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Public Provident Fund Act, 1968 (23 of 1968)

NA (10/03/2014)

THE PUBLIC PROVIDENT FUND ACT, 1968 (ACT No. 23 OF 1968) [16th May, 1968] An Act to provide for the institution of a provident fund for the general public. BE it enacted by Parliament in the Nineteenth Year of the Republic of India as follows:- Short title and extent. 1. (1) This Act may be […]...

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PPF Scheme, 1968/Senior Citizens Savings Scheme Rules, 2004 – Notified branches of Central Bank of India

Notification No. F.7/9/2008-NS.II (19/01/2012)

n pursuance of clause (b) of paragraph 2 of the Public Provident Fund Scheme, 1968 and of sub-clause (ii) of clause (e) of rule 2 of Senior Citizens Savings Scheme Rules, 2004, the Central Government hereby further auhorises the following 111 branches of Central Bank of India to receive, with immediate effect, subscriptions under the Publ...

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Notification No.G.S.R. 844- Income Tax Dated 25/11/2011

G.S.R. 844(E) (25/11/2011)

Income Tax In exercise of the powers conferred by sub-section (4) of section 3 of the Public Provident Fund Act, 1968 (23 of 1958), the Central Government hereby makes the following further amendment to the Public Provident Fund Scheme, 1968, namely ...

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Interest to be paid on those PPF (HUF) accounts, which had attained maturity after 13-5-2005 but closed by subscribers before 7-12-2010

Letter [F.NO.7/4/2008-NS.II] (01/06/2011)

Some of the subscribers of PPF (HUF) accounts had closed the accounts on maturity or thereafter between 13th May, 2005 to 7.12.2010 (before the issue of the aforesaid amendment). Some of such account holders, were not paid interest at PPF rates on the deposits retained beyond the maturity period (without further subscriptions). Those subs...

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Public Provident Fund Scheme, 1968 Amendment to Section 9(3) of Scheme

RBI/2010-11/344 DGBA. CDD. No. H-4311/15.02.001/2010-11 (27/12/2010)

Provided further that an account opened on behalf of a Hindu Undivided Family prior to the 13th day of May, 2005, shall be closed after expiry of fifteen years from the end of the year in which the initial subscription was made and the entire amount standing at the credit of the subscriber shall be refunded, after making adjustments, if a...

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PPF account of HUF can not be extended beyond 15 Years

Notification No. GSR 956(E), (07/12/2010)

an account opened on behalf of a Hindu Undivided Family prior to the 13th day of May, 2005, shall be closed after expiry of fifteen years from the end of the year in which the initial subscription was made and the entire amount standing at the credit of the subscriber shall be refunded, after making adjustments...

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PPF Circular clarifying regarding reckoning of date of deposit and Reiteration of instructions on opening of account for minor

Circular No. DGBA.CDD. H-7530/15.02.001/2009-10 (29/03/2010)

(a) As you are aware, in terms of Ministry of Finance letter No. F. 3(9)-PD/72 dated September 4, 1972, in the case of Public Provident Fund Scheme, 1968 (PPF) “when a subscriber makes a deposit by local cheque or demand draft, the date of tender of cheque or draft at the Accounting Office is treated as date of deposit, provided the rel...

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