P.O. S.B. Manual Vol. III - India Post

eceipt of application in Form G in this behalf from them.Provided that the balance upto Rs. 1 lakh may be paid to the legal heirs on production of (i) aletter of indemnity, (ii) an affidavit, (iii) a letter of disclaimer on affidavit, and (iv) a certificate of deathof subscriber, on stamped paper, in the forms as in Annexures to Form G.(7) A subscriber to the fund cannot nominate a trust as his nominee.13. Power to relax:- Where the Central Government is satisfied that the operation of any of theprovisions of this Scheme causes undue hardship to a subscriber, it may, by order for reasons to berecorded in writing, relax the requirements of that provision in a manner not inconsistent with theprovisions of the Act.SCHEDULERates of interest payable in PPF accounts as fixed from time to time since the introduction of thescheme.YearRate of interest (p.a.)1968 4.8%1969-70 4.8%1970-71 5%1971-72 5%1972-73 5%1973-74 5.3%From 1.4.1974 to 31.7.1974 5.8%From 1.8.1974 to 31.3. 1975 7%1975-76 7%1976-77 7%1977-78 7.5%1978-79 7.5%1979-80 7.5%1980-81 8%1981-82 8.5%1982-83 8.5%1983-84 9%1984-85 9.5%1985-86 10%From 1.4.1986 to 31.3.1999 12%From 1.4.1999 to 14.1.2000 12%From 15.1.2000 to 28.2.2001 11%From 1.3.2001 to 28.2.2002 9.5%From 1.3.2002 to 28.2.2003 9%From 1.3.2003 onwards 8%73FORM – A[See sub-paragraph (1) of paragraph 4]Application for opening a Public Provident Fund Account under the Public Provident FundScheme, 1968ToThe Branch Manager/Postmaster,………………………(Name of the Bank/Post Office)PAN No………………………………………….**Paste here a copyof recentpassport sizephotograph