Get the free ppf account closure form sbi

FORM G See sub-paragraph (6) of paragraph 12 Application for withdrawal by Nominees/Legal Heirs under The Public Provident Fund Scheme 1968 To, The Chief / Branch Manager State Bank of India I / We

How to fill out ppf account closure form

How to fill out ppf account closure form:

1. Gather all required documents such as identity proof, address proof, and your PPF passbook.
2. Visit the bank or post office branch where your PPF account is held.
3. Locate the account closure form, which may be available at the customer service desk or can be downloaded online.
4. Fill in your personal details accurately, including your name, address, and contact information.
5. Provide your PPF account number and any other relevant account details.
6. Indicate the reason for closing the account, such as retirement or financial emergencies.
7. Sign the form and attach any required supporting documents, such as a canceled cheque or PAN card photocopy.
8. Submit the completed form and documents to the branch officer or customer service representative.
9. Keep a copy of the filled form and take note of the receipt or acknowledgement provided by the bank/post office for future reference.

Who needs ppf account closure form?

1. Individuals who have a PPF (Public Provident Fund) account and wish to close it.
2. People who have reached the maturity period of 15 years and no longer want to continue their PPF account.
3. Individuals who require funds for urgent financial needs or emergencies and intend to close their PPF account for withdrawal.

For pdfFiller’s FAQs

What is ppf account closure form?

A PPF account closure form is a document used to close a Public Provident Fund (PPF) account. It is a declaration of the intention to terminate the PPF account and should be submitted to the bank or post office where the PPF account is held. The closure form will require the PPF account holder to provide details such as their name, PPF account number, signature, and other relevant information.

How to fill out ppf account closure form?

1. Fill out the necessary details in the given form, including your name, PPF account number, date of birth, and address. 2. Provide the reason for closing the account, such as “Transferring funds to another account” or “No longer need the account”. 3. Provide the details of the account you are transferring your funds to, if applicable. 4. Sign and date the form. 5. Attach any relevant documents, such as a copy of your ID and PAN card. 6. Submit the form to the bank or post office where you opened the PPF account.

When is the deadline to file ppf account closure form in 2023?

The PPF account closure form must be submitted to the bank or post office by the end of the financial year (31st March 2023).

What is the penalty for the late filing of ppf account closure form?

There is no penalty for filing the PPF Account Closure Form late. However, it is advisable to close the account within the stipulated time frame to ensure that the account is closed properly and any pending payments are made.

Who is required to file ppf account closure form?

Any individual who wishes to close their PPF (Public Provident Fund) account is required to file a PPF account closure form.

What is the purpose of ppf account closure form?

The purpose of a PPF (Public Provident Fund) account closure form is to formally request the closure of an individual's PPF account. This form is typically filled out when the account holder no longer wishes to keep their PPF account active or when they have fulfilled the maturity period of 15 years and wish to withdraw their funds. By submitting the closure form, the account holder informs the authorized financial institution or post office about their intention to close the account and initiate the necessary procedures for the withdrawal of funds.

What information must be reported on ppf account closure form?

When closing a PPF (Public Provident Fund) account, the following information typically needs to be reported on the closure form: 1. Account holder's details: Name, address, and contact information. 2. PPF account number: This unique identifier is specific to each account. 3. Reason for closure: The reason for closing the account, which can be options like maturity, withdrawal, or any other valid reason. 4. Date of closure: The specific date when the account is being closed. 5. Declaration: The account holder's declaration that all the information provided is true and correct. 6. Bank account details: Details of the bank account where the PPF account balance will be transferred. This includes the bank name, branch, account number, and account type (savings or current). 7. Nominee details: If there is a nominee mentioned for the PPF account, their name, address, and contact details should be mentioned. 8. Signature: The account holder should sign the closure form to authorize the closure of the PPF account. 9. Supporting documents: Depending on the reason for closure, additional supporting documents may be required. For example, if the closure is due to maturity, the original passbook and a valid identity proof may be necessary. It's important to note that the exact requirements may vary slightly depending on the specific bank or financial institution where the PPF account is held. It's advisable to check with the respective bank or institution for any specific guidelines or additional requirements.

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