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PPF, Senior Citizen Savings Scheme claim rules revised

Saturday, September 21, 2019, 10:34 AM

The Department of Posts has revised rules of various authorities to sanction deceased claim cases in respect of Post Office Savings Schemes, including PPF and Senior Citizen Savings Scheme, on death of the account holder when there is no nomination or legal evidence available or produced. The order also specified how long the authority should wait before sanctioning payment to the depositor's heirs.

NRIs can continue their PPF account now

Monday, February 26, 2018, 3:51 PM

Non-resident Indians (NRIs) who have invested in the Public Provident Fund (PPF) may have got temporary relief for now. The Department of Economic Affairs (DEA) has released an office memo on February 23, 2018, keeping its earlier notification regarding the Non-resident Indians (NRI's) PPF account released on October 2, 2017, in abeyance (or temporarily dismissed).
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Now you can settle your PF withdrawal claim in just 10 days

Wednesday, May 17, 2017, 6:19 PM

Retirement fund manager EPFO has reduced the stipulated period for settlement of various claims such PF withdrawal, pension and insurance to 10 days from 20 at present. The body has launched the online claim settlement facility on 1 May, 2017. It has planned to eventually settle claims of all Aadhaar and bank account seeded EPF accounts within three hours of receipt of an application.

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