PPF - Business Outrank

Public Provident Fund (PPF) account holders now have free access to modify or update their nominee details in PPF and other small savings schemes including NSC and SCSS. The government has abolished all nomination update fees as part of the amendments to the Government Savings Promotion General Rules 2018. The Gazette Notification published on April 2, 2025, revealed this announcement to the public. The banks and post offices used to collect fees from customers who wanted to update their nominee information in these accounts. The new rule provides account holders with free access to add or modify nominees or remove existing nominees from their accounts. The system allows users to modify nominee percentage distribution among multiple nominees without any additional costs. Finance Minister Nirmala Sitharaman announced the update through X social media by stating that financial institutions collected fees for modifying nominee details in PPF accounts. The Government Savings Promotion General Rules 2018 underwent necessary changes through Gazette Notification 02/4/25 to eliminate all costs associated with nominee updates for PPF accounts. The change provides benefits to all small savings scheme investors who want to manage their financial future without extra costs.

What's Hot

SBI vs HDFC: Which Bank Is the Smarter Bet for Investors in 2025?

The country’s largest oil company has made a new plan. Indian Oil has planned to invest Rs 1.66 trillion in 5 years to increase business.

Myntra hiring 11,000 roles ahead of Big Fashion Festival to boost festive operations

Virus Susceptibility in Species: Study Reveals Surprising Findings

Effective Yoga Poses to Naturally Manage Blood Sugar Levels

Health Budgets Of States Fall Below 8%, Missing National Health Policy Targets

The Connection Between Diet and Organic Skincare – Foods for Healthy Skin

Priyanka Chopra’s Stunning Desi Look Steals the Spotlight at Her Brother’s Wedding Festivities

Jana Nayagan: Vijay Wields a Whip in Stunning 2nd Look Poster, Thrilling Fans

Assam’s Jatin Goswami Honored with Padma Bhushan for Sattriya Legacy

Vijay Vikram Singh Urgently Appeals for Respect Amidst Intense Backlash from Rajat Dalal Fans: ‘I Am Not Bigg Boss

Hindon: Incredible Air India Express Flights to Start from March 1 with Low Fares

Indian government approves Singapore Airlines bid to merge Vistara and Air India

Independence Day and Raksha Bandhan Fuel Airbnb Travel Rush

Virus Susceptibility in Species: Study Reveals Surprising Findings

Hindon: Incredible Air India Express Flights to Start from March 1 with Low Fares

Bachchan’s ₹83 Crore Duplex Sale Sparks Unbelievable Investment Growth

Kartik Aaryan’s Fitness Secret: How He Achieved a Stunning Transformation

Browsing: PPF

Good News! No More Fees For Changing Nominees in PPF, NSC & SCSS

SBI vs HDFC: Which Bank Is the Smarter Bet for Investors in 2025?

The country’s largest oil company has made a new plan. Indian Oil has planned to invest Rs 1.66 trillion in 5 years to increase business.

Myntra hiring 11,000 roles ahead of Big Fashion Festival to boost festive operations

Reliance Intelligence partners Google and Meta to transform AI in India

Our Picks

SBI vs HDFC: Which Bank Is the Smarter Bet for Investors in 2025?

The country’s largest oil company has made a new plan. Indian Oil has planned to invest Rs 1.66 trillion in 5 years to increase business.

Myntra hiring 11,000 roles ahead of Big Fashion Festival to boost festive operations

Most Popular

SBI vs HDFC: Which Bank Is the Smarter Bet for Investors in 2025?

Harvesting Hope: Rahul Gandhi’s Empathy in Action with Farmers before 2024 Elections

Is Modi Afraid? Congress Leader Accuses PM of Targeting Rahul Gandhi

Subscribe to Updates

What's Hot

Browsing: PPF