Regarding Relaxation to the account holders who has opened more than one account in his / her name – Amalgamation of PPF Accounts
File No. FS-32/2/2021-FS-DOP
Government of India
Ministry of Communications
Department of Posts
(FS Division)
Dak Bhawan, New Delhi-110001
Dated: O2.03.2022
To
AII Head of Circles
Subject : Relaxation to the account holders who has opened more than one account in his / her name – Amalgamation of PPF Accounts – Reg.
Madam / Sir,
Department of Economic Affairs (Budget Division), Ministry of Finance in its OM No. 2/2/2O20-NS dated 23.02.2022, has advised not to send any proposal for consideration of merger i.e. amalgamation of PPF Accounts opened under the PPF Rules 2019.
2.In case any one of the PPF accounts or all the PPF accounts is/are proposed to be merged or amalgamated is / are opened on or after 12,12,2019, such account(s) shall be closed without any interest payment and no no proposal should be sent to the Postal Directorate for amalgamation of such PPF Accounts.
3. A copy of the OM No. 2/2/2020-NS dated 23.02.2022 is attached herewith for ready reference.
4. This may be circulated to aII the sub-ordinate offices.
5. This is issued with the approval of Competent Authority.
(T.C. VIJAYAN)
Assistant Director (SB-I)
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