Ppf nominee update: The central government yesterday announced a big relief for PPF account holders. Finance Minister Nirmala Sitharaman, while sharing a post on the social media platform X, has said that no fee will have to be paid for nominee updation in PPF account. You can avail the benefit of this service completely for free. This announcement of the Finance Minister will benefit more than 6 crore people of the country.
Finance Minister gave information
The government said through a notification that it has changed the rules of adding nominees to PPF accounts. Finance Minister Nirmala Sitharaman said on the social media platform X that some financial institutions are charging a fee to update the details of the nominated person in PPF accounts. Which has now been completely free.
Rupee. The fee was Rs 50.
On April 2, the government issued a notification clarifying that all the fees applicable on the update of the nominated person in the PPF account have been removed. This significant change has been made in Government Savings Promotion General Rules 2018. According to this, savings will be charged a fee of Rs 250. A fee of Rs 1000 will be levied for cancellation and amendment of the nominees for the government -run small savings schemes. A fee of 50 rupees was being charged.
Facility to include four enrolled persons
Under the Banking Reform Bill 2025, along with freeing the nominee updation to PPF, PPF account holder will be able to add four nominees like saving account, current account, locker, FD account holders.
Best option for safe investment
Professional people mostly invest in PPF. People invest in it because it is an option to save tax. Along with investment, maturity amount and interest are also tax-free. This is the best way to invest safe and make large funds in the long run. Rupee. Tax deduction of up to Rs 10 lakh. 1.50 lakh rupees is available. The government is currently paying 7.1 percent interest on investment in PPF. Which varies on the basis of inflation.
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