Understanding PPF Accounts: Is There a Death Benefit and How Much Is It?

jass 78
Hi friends,

Please let me know if there is a death benefit in a PPF account. If 'yes', then how much?
sgupta777
Dear,

Please go through the Act. Besides the withdrawal benefit, there is a death benefit under the EDLI scheme of EPF & MP Act '1952.

Regards,

Sanjay Gupta
Noida
sgupta777
Sorry, Malik Sir. According to SBI information, under PPF, after the death of the subscriber, withdrawal benefits of accumulations only. The subscriber (account holder) can nominate one or more persons to receive any final payment which is due to him in the event of his death.

Regards, Sanjay Gupta, Noida
dagliamit
In my opinion, there is no death benefit in the Public Provident Fund. You can receive the amount with interest, which is tax-free.
If you are knowledgeable about any fact, resource or experience related to this topic - please add your views. For articles and copyrighted material please only cite the original source link. Each contribution will make this page a resource useful for everyone. Join To Contribute