Section 14: Closure of account on death of the account holder

Public Provident Fund Scheme 2019Central Rules · 1873

(1) In the event of the death of the account holder, the account shall be closed and the nominee or the legal heir shall not be allowed to continue the account.

(2) The balance in the account of the deceased account holder shall earn interest till the end of the month preceeding the month in which the eligible balance is paid to the nominee or the legal heir, as the case may be.

Where this provision sits

Act	Public Provident Fund Scheme 2019
Section	14
Marginal note	Closure of account on death of the account holder
Jurisdiction	Central
Status	In force as published by the source

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