The Public Provident Fund (PPF) is a safe, long-term savings scheme backed by the Government of India. Since PPF has a 15-year lock-in and can grow into a large corpus, it is important to have a valid nominee.Nomination ensures that in the event of the account holder’s death, the balance goes directly to the nominee without lengthy legal procedures. Let’s understand the PPF nomination rules, including how to add, change, and update nominees.
| Factor | Rule |
|---|---|
| Who Can Be a Nominee? | Any individual (family or non-family member) |
| Number of Nominees | More than one allowed |
| Share Distribution | Can assign percentage share to each nominee |
| Minors as Nominee | Allowed, but guardian details required |
| Change Nominee | Allowed anytime during account tenure |
| Update Nominee | Modification possible through fresh nomination form |
| Nomination at Opening | Recommended, but can also be done later |
Example: If you nominate two children, you can assign 60% to one and 40% to another.
Example: If you initially nominated your father but later want to nominate your spouse, you can update the nomination by submitting Form E again.
Filling the PPF Nomination Form (Form E) is simple, but it must be done carefully to avoid mistakes. Below are the steps:
Quick Example: If you nominate your spouse as 100%, you will simply enter their details and write “100% share”. If you nominate two children, you could write “50% each” against their names.
Example: If you initially assigned 50% each to two nominees but later want to change it to 70% and 30%, you can update the nomination accordingly.
Yes, you can nominate multiple persons and specify percentage share.
Yes, but you must provide guardian details for the minor.
Yes, you can change or update nominees any number of times by submitting Form E.
In such cases, the balance will be given to your legal heirs after required legal procedures.
No, the nominee can only claim the balance. The account cannot be continued.
Adding and updating nominees in your PPF account is essential for smooth transfer of funds.
A small step of proper nomination ensures your hard-earned savings reach your loved ones without delay.
No, it’s not mandatory, but highly recommended to avoid legal hassles for your family later.
No. A person becomes a nominee only if you officially add their name through the nomination form.
Yes. You can add a nominee anytime during the tenure by submitting Form E.
No. Marriage does not update nominees automatically—you must update the nomination yourself.
Yes. You can cancel or modify nomination at any time by submitting Form E again.
The Public Provident Fund (PPF) is a safe, long-term savings scheme backed by the Government of India. Since PPF has a 15-year lock-in and can grow into a large corpus, it is important to have a valid nominee.Nomination ensures that in the event of the account holder’s death, the balance goes directly to the nominee without lengthy legal procedures. Let’s understand the PPF nomination rules, including how to add, change, and update nominees.
| Factor | Rule |
|---|---|
| Who Can Be a Nominee? | Any individual (family or non-family member) |
| Number of Nominees | More than one allowed |
| Share Distribution | Can assign percentage share to each nominee |
| Minors as Nominee | Allowed, but guardian details required |
| Change Nominee | Allowed anytime during account tenure |
| Update Nominee | Modification possible through fresh nomination form |
| Nomination at Opening | Recommended, but can also be done later |
Example: If you nominate two children, you can assign 60% to one and 40% to another.
Example: If you initially nominated your father but later want to nominate your spouse, you can update the nomination by submitting Form E again.
Filling the PPF Nomination Form (Form E) is simple, but it must be done carefully to avoid mistakes. Below are the steps:
Quick Example: If you nominate your spouse as 100%, you will simply enter their details and write “100% share”. If you nominate two children, you could write “50% each” against their names.
Example: If you initially assigned 50% each to two nominees but later want to change it to 70% and 30%, you can update the nomination accordingly.
Yes, you can nominate multiple persons and specify percentage share.
Yes, but you must provide guardian details for the minor.
Yes, you can change or update nominees any number of times by submitting Form E.
In such cases, the balance will be given to your legal heirs after required legal procedures.
No, the nominee can only claim the balance. The account cannot be continued.
Adding and updating nominees in your PPF account is essential for smooth transfer of funds.
A small step of proper nomination ensures your hard-earned savings reach your loved ones without delay.
No, it’s not mandatory, but highly recommended to avoid legal hassles for your family later.
No. A person becomes a nominee only if you officially add their name through the nomination form.
Yes. You can add a nominee anytime during the tenure by submitting Form E.
No. Marriage does not update nominees automatically—you must update the nomination yourself.
Yes. You can cancel or modify nomination at any time by submitting Form E again.
A contributor to the Finanjo blog, where I share insightful and easy-to-understand content focused on educating readers about finance. With a clear and approachable writing style, I simplify complex topics to make them more understandable.
A contributor to the Finanjo blog, where I share insightful and easy-to-understand content focused on educating readers about finance. With a clear and approachable writing style, I simplify complex topics to make them more understandable.
