In order to make the popular small savings scheme Public Provident Fund (PPF) available in all India, Indian Post has now approved post offices to handle the scheme from immediate effect.
“The references have been received in this office from time to time to expand PPF scheme to Single Handed Sub Post Offices. The matter was examined in detail in the light of the recently notified Public Provident Fund Rules, 2019 and the competent authority has accordingly approved for extension of PPF scheme up to Single Handed Sub Post Offices with immediate effect,” India Post said in a circular.
“Necessary amendments in the Inspection Questionnaire of Sub Post Offices will be issued by the concerned branch of the Directorate to avoid the any possibility of any fraud,” it said.
Due to the Coronavirus Pandemic, government made it easier for the public to deposit in small savings schemes including Public Provident Fund (PPF) and Sukanya Samriddhi scheme. Account holders can deposit for FY20 till June 30, 2020. This is applicable for deposits that could not be made for FY 2019-20 due to lockdown.
The account holders of PPF, Sukanya Samriddhi accounts would be able to deposit for FY 2020-21 in the usual manner.