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Updated on October 4, 2023

When opening a PPF account, you have the option to nominate one or more persons who will be entitled to receive the amount standing to your credit in case of your death. If no nominee is appointed, the legal heirs will have the right to claim the amount.

How does the nomination facility in PPF work?

Here are some key points to note about the nomination facility in PPF:

Nomination at the time of opening the account: You can make a nomination at the time of opening the PPF account itself. If not done at that time, it can be done anytime later during the tenure of the account.

Changes to Nomination: You can change the nomination anytime during the operation of the account.

Multiple Nominations: You can nominate more than one person and also specify the share of each nominee.

Minor Nominees: Minors can also be nominated. In such cases, an adult will have to be appointed to receive the amount on behalf of the minor in the event of the account holder’s death.

Claiming the Funds: In case of the account holder’s death, the nominee(s) can claim the funds by providing proof of death of the account holder along with their identification.

No Nomination: If no nomination was made and the amount in the account is less than INR 1,50,000, the balance may be paid to the legal heirs or the executor of the deceased on production of necessary claim documents.