Ppf Deposit Form Bank Of India 5 Things Your Boss Needs To Know About Ppf Deposit Form Bank Of India
The Department of Posts of Ministry of Communication has alien accustomed or adapted forms to be acclimated in National Accumulation Schemes such as PPF, NSC, KVP, Sukanya Samriddhi Account, annual assets account, Time Deposits, SCSS etc.
The appliance anatomy for advance in PPF will be the aforementioned as that for advance in NSC or alike for aperture a column appointment accumulation account. Similarly, the accustomed anatomy has been alien for addendum of investments in column appointment alternating deposit, PPF or SCSS.
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Such new annual aperture anatomy (AOF) will administer to both CBS (core cyberbanking solution) and non-CBS Column Offices and can be acclimated to administer for the aperture of an annual beneath Accumulation account, RD or time deposits for 1,2,3,5 Years, MIS, SCSS, PPF, KVP, NSC etc.
Earlier, in December 2019, new appliance forms for aperture an account, demography a loan, or for addendum of annual were introduced. The Department of Posts has antiseptic that in case, any depositor submits any of the notified forms in revised schemes rules 2019, that anatomy may additionally be accepted.
The Department of Posts in its latest annular states that it has been accepting assorted references from Field Units and added stakeholders citation difficulties in the use of abstracted forms for anniversary Accumulation Arrangement as able-bodied as austere issues in press and accretion and ensuring the availability of all these forms in all the Column Offices.
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So, in appointment with NSI and back this is a absolutely operational issue, they accept absitively to acquiesce the use of the afterward accustomed forms by the all Column Offices, instead of abstracted form.
These are the accustomed forms for anniversary purpose:
1. Appliance anatomy for Aperture of Account/Purchase of Certificate (AOF)
2. Pay-in Slip (SB-103)
3. Appliance anatomy for Closure of Annual on Maturity. (SB-7A)
4. Appliance anatomy for Premature Closure of Account. (SB-7B)
5. Appliance anatomy for Loan/withdrawal from RD/PPF and SSA Accounts (SB-7C)
6. Appliance anatomy for addendum of RD/TD/PPF/SCSS Accounts.
For those who ambition to extend the PO accounts such as PPF, SCSS, RD etc, there will be a accustomed form. One has to acknowledgment the annual cardinal of the PO scheme, annual aperture and ability date.
Thereafter, they will accept to administer for an addendum of the PPF annual or SCSS scheme. The PPF can be continued in block of 5-years and SCSS can be continued in a block of 3 years.
For accustomed abandonment from Column Appointment Accumulation or NSS-87 Accounts and abandonment of journal absorption from TD/MIS/SCSS accounts, absolute abandonment anatomy (SB-7) will abide to be used.
Depending on the investments, the depositor has to accomplish the acknowledgment in the AOF. In the case of Sukanya Samriddhi Annual one will accept to acknowledge that no added annual has been opened beneath Sukanya Samriddhi Annual in the name of the depositor in any of the Column office/Bank in the country.
Also, in the case of PPF, one will accept to acknowledge that no added annual has been opened beneath Public Provident Fund Annual in the name of cocky or accessory in any of the Column appointment or coffer in the country.
Further, a acknowledgment has to be fabricated that the beam of best drop in the accounts opened in my name and in the name of amateur as per accouterment of the arrangement and any drop in balance of the beam will be advised as in contravention to the Arrangement provisions.
Ppf Deposit Form Bank Of India 5 Things Your Boss Needs To Know About Ppf Deposit Form Bank Of India – ppf deposit form bank of india
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