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Old June 7th, 2016, 02:34 PM
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Default central bank of india ppf account closing form

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Old April 27th, 2017, 09:02 AM
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Default Re: central bank of india ppf account closing form

Hello sir, I’m customer of Central Bank Of India and I want to close my Public Provident Fund account. Will you please give me here Central Bank Of India Ppf Account Closing Form?
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Old April 27th, 2017, 09:02 AM
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Default 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 However, the entire amount can only be withdrawn at maturity.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*Certified, that the amount sought to be withdrawn is required for the use of _________________________________ who is alive and still a minor.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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