Amendments to Public Provident Fund Scheme, 1968 and Senior Citizen Savings Scheme, 2004
The Ministry of Finance (Department of Economic Affairs) has issued three notifications on 13th March 2014 and 9th June 2014, amending the rules of the Public Provident Fund Scheme, 1968 and the Senior Citizen Savings Scheme, 2004.
The notifications, G.S.R.224(E), G.S.R.225(E), and G.S.R.392(E), introduce changes to the schemes, including the refund of deposits along with interest on an application in Form-F.
The amendments aim to improve the functionality and benefits of the schemes, providing more flexibility and convenience to subscribers.
Key Points:
– Amendments to the Public Provident Fund Scheme, 1968 and Senior Citizen Savings Scheme, 2004.
– Introduction of refund of deposits along with interest on an application in Form-F.
– Notifications issued on 13th March 2014 and 9th June 2014.
Chat with the Master Circular:
Download: Public Provident Fund Scheme, 1968 and Senior Citizen Savings Scheme, 2004 – Amendments in Rules