PPF Investment: Many schemes are being run by the government for the benefit of the people. Through these schemes, steps are taken for the benefit of the people. At the same time, people can also save and invest through these schemes.
One such scheme is Public Provident Fund. Through this scheme, people can take the benefit of tax exemption along with savings and investment. However, if money is invested in this scheme, then people should keep one thing in mind, otherwise they may face problems. Let’s know about it…
PPF account
If you want to add the name of your wife or any other family member to the PPF account, you can do so by filling up the required form, signing it and submitting it to the bank or post office where your PPF account is registered. Account has been opened. In this situation you have to contact the bank or post office.
PPF account
On the other hand, if there are many nominees in the account, then you can give information about who has to give how much share, so that in case of death of the account holder, each nominee can get that amount. Form F should be obtained from the bank or post office where the PPF account was opened as an initial step. Complete this form with accurate information and submit it to the concerned bank or post office. Nominee can be modified after the form is submitted.
Public provident fund
Explain that the PPF scheme provides the facility of making one or more persons a nominee. However, no nomination is possible in case of minor account. On the other hand, if a new nominee is being added, then there can be a change in the previous nominee as well.
