Public Provident Fund (Amendment) Scheme, 2023

Amendments in Public Provident Fund Scheme,2019


SB ORDER 22/2023

Rule 13 in the second proviso

Existing Provision

Provided further that on such premature closure, interest in the account shall be allowed at arute which shall be lower by one percent. than the rute at which interest has been credited in the account from time to time since the date of opening of the account, or the date of extension of the account, as the case maybe.

Amended Provision

Provided further that on such premature closure, interest in the account shall be allowed at a rate which shall be lower by one per cent than the rate at which interest has been credited in the account from time to time since the date of opening of the account, or from the date of commencement of the current block period of five years, as the case may be
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