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PPF (Public Provident Fund) Scheme & Rules 2019

NOTIFICATION No. G.S.R. 915(E) dated 12th December 2019

In exercise of the power conferred by Section 3 of the Government Savings Promotion Act, 1873 (5 of 1873), the Central Government hereby makes the following scheme, namely:-

PPF 2019 Rule 1. Short title and commencement

PPF 2019 Rule 2. Definitions

(1) In this scheme, unless the context otherwise requires.

(2) Words and expressions used herein but not defined shall have the meanings respectively assigned to them in the Act and in the General Rules.

PPF 2019 Rule 3. Limits of number of accounts

PPF 2019 Rule 4. Limits of subscription

PPF 2019 Rule 5. Manner of making deposit

PPF 2019 Rule 6. Discontinuation of account

PPF 2019 Rule 7. Interest

PPF 2019 Rule 8. Loans

PPF 2019 Rule 9. Repayment of loan and interest

PPF 2019 Rule 10. Withdrawal from account

PPF 2019 Rule 11. Closure of account or continuation of account without deposits after maturity

PPF 2019 Rule 12. Extension of account with deposits after maturity

PPF 2019 Rule 13. Premature closure of account

PPF 2019 Rule 14. Closure of account on death of the account holder

PPF 2019 Rule 15. Protection of credit balance from attachment

PPF 2019 Rule 16. Application of General Rules

PPF 2019 Rule 17. Power to relax

Updated : Dec 16, 2019