No more charges for updating nominee details in PPF accounts, FM Nirmala Sitharaman says

No more charges for updating nominee details in PPF accounts, FM Nirmala Sitharaman says

Nominee details in PPF accounts are important since funds will get transferred to the designated beneficiary in the event of the account holder’s demise.

PPF investors! Now, No charges for updating/modifying nominee details in PPF accounts

PPF Accounts Nominee: If you invest in Public Provident Fund (PPF) then there is good news for you. In fact, Finance Minister Nirmala Sitharaman said on Thursday that no charge will be levied for appointing a ‘nominee’ for PPF accounts or making any changes in it because the government has made the necessary changes through notification. The Finance Minister wrote on the social media platform ‘X’, recently it has been learnt that financial insti…

Centre removes charges for updating nominee details in PPF accounts

New Delhi: Finance Minister Nirmala Sitharaman announced on Thursday that the government has issued a Gazette Notification to bar financial institutions from levying any charges for modifying or updating nominee details in PPF (Public Provident Fund) accounts.  “Recently it was informed that a fee was being levied by financial institutions for updating/modifying nominee details in PPF accounts. Necessary changes are now made in the Government Sa…

New Delhi. No fee will be charged for creating, adding or making any changes in the 'nominee' for Public Provident Fund (PPF) accounts, as the government has made several necessary changes through notification. The fee of Rs 50 for canceling or changing the nomination for small savings schemes has been abolished. The Union Finance Minister wrote in a statement issued on 'X' post on Thursday, recently it has been reported that financial instituti…

PPF Account Holders Can Now Update, Modify Nominee Details Without Charge

Public Provident Fund holders will now be able to make changes in their nominee details without payment, Finance Minister Nirmala Sitharaman said in a post on X.The finance minister added that the necessary changes have been made in the Government Savings Promotion General Rules 2018. "Recently was informed that a fee was being levied by financial institutions for updating/modifying nominee details in PPF accounts. Necessary changes are now made…

No fee for updating nominees in PPF accounts: FM

Finance Minister Nirmala Sitharaman on Thursday said no fee will be charged for the updation or addition of nominees for Public Provident Fund (PPF) accounts as the government has done necessary changes through notification. Recently, it was informed that a fee was being levied by financial institutions for updating/modifying nominee details in PPF accounts, the finance minister said in a social media post on X. Necessary changes are now made in…