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central bank of india ppf account closing form |
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Re: central bank of india ppf account closing form
Sorry to say you but there is no facility to close this PPF account. The accounts cannot be surrendered or closed in any situation except the death of the account holder, nominees and legal heirs. Premature closure from the PPF account is allowed only in the case of death. However, the entire amount can only be withdrawn at maturity. The PPF, 1968 Scheme is a TAX-FREE SAVINGS AVENUE provided by GOI to individuals Eligibility- Scheme is open to individuals and account can also be opened on behalf of minor child, by natural/legal guardian. Joint Account- Not allowed, NRIs – Not eligible Interest Rate – Presently 8.1% p.a. Compounded yearly, rates are announced by Central Gov. periodically Tenure- Minimum 15 years, can be extended to a block of 5 year without any cap with or without additional deposit Initial Deposit Amount- Rs.100/- to open an Account Annual deposit Amount – Rs.500/- to 1.50 lakh per year The PPF Amount Closure Form is as follows: Application for withdrawals under the Public Provident Fund Scheme, 1968 The Chief/ Branch Manager I wish to withdraw from my Public Provident Fund Account No ____________________ a sum of Rs._____________ (Rupees ________________________________________ only). A period of _______ years has expired from the end of the Financial Year in which initial subscription was made. *Certified, that the amount sought to be withdrawn is required for the use of _________________________________ who is alive and still a minor. *(To be given only when withdrawal is sought from a Minors PPF Account) The Pass Book is enclosed. Date: __/__/20__ Signature/ Thumb Impression of (Subscriber/ Guardian) For Office Use only Date of Initial Subscription___/___/_____ Amount available in PPF AccountRs._________/- Date on which last withdrawal was allowed ___/___/_____ Amount available for withdrawal in accordance with paragraph 9(1), 9(3) of the schemeRs._________/- Withdrawal of a sum of Rs.______________ Sanctioned. Date: __/__/20__ Signature/ Thumb Impression of (Subscriber/ Guardian) Received a sum of Rs.________/- (Rupees_________________________________________) by way of withdrawal from Public Provident Fund Account No. _______________________ ( ) * Credit the Amount to my SB A/c no ______________________________ ( ) * Issue a DD/BC Favouring _______________________________________ *Tick any one Date: __/__/20__ Signature/ Thumb Impression of (Subscriber/ Guardian) |
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