Free updates for PPF nominee details announced, cutting costs for account holders in India.

Finance Minister Nirmala Sitharaman announced that updating nominee details for Public Provident Fund (PPF) accounts will now be free. Previously, financial institutions charged a fee for these changes. The move is part of recent government efforts to reduce costs for account holders, following the passage of the Banking Amendment Bill, which allows up to four nominees for depositor funds.

5 days ago
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