It is vital to learn about the nature of each form to avoid confusion and discrepancy prior to investing in PPF. Here is a list of all the forms used in the Public Provident Fund account.
- Form A: One can use this form to open a new PPF account.
- Form B: To make deposits in the account and repay loans against it, investors should fill out this form.
- Form C: For partial withdrawal from the PPF account, one needs to use this form.
- Form D: Investors often plan to take a loan against the PPF amount. In such a scenario, he must consider this form for an easy loan application process.
- Form E: It is essential to add a nominee for a PPF account. While doing so, the applicant should select this PPF form.
- Form F: In case of a change of nominee, this form needs to be filled out.
- Form G: To claim funds from a PPF account, an individual should submit this form in the online portal after properly filling it out.
- Form H: The maturity period of a Public Provident Fund account is 15 years. However, investors can extend this period by 5 years after filling out this PPF form.
Now that you know each form's nature and purpose, let us dig deeper and understand their benefits and other details.
PPF form A
Also known as the account opening form, this form is necessary to fill out when an applicant plans to open a Public Provident Fund account for themselves or a minor. Depending on the mode of application, one can obtain this form either online or from a bank or post office.
Regardless of how an investor obtains a PPF account form, the general contents remain the same. Take a look at the details in the following section:
- Permanent Account Number of the applicant
- Date of Birth
- Details about initial deposit amount (mode of payment)
- Permanent address details
- Passport size photographs
- Identity proof documents like Aadhaar card or Voter ID
- If an individual does not have a PAN card, he or she can submit the attested copy of government-approved IDs
- A field for an applicant's signature or thumb impression
- Date of application
In case an applicant obtains this form from a bank or post office, he or she needs to provide some additional information as follows:
- Account number
- Details of bank branch from where the PPF account is opened
- Debit account number and mandate
- Standing instructions (whether the bank will credit amounts automatically or not)
- Applicant's occupation
- Marriage status
Furthermore, parents or guardians can apply on behalf of their children by furnishing certain details as mentioned below:
- Name of the minor candidate
- Minor's Date of Birth
- Relationship between candidate and person opening a PPF account on behalf of him
- Guardian's permanent address
In addition to this, there are declarations an individual needs to make in the account opening form. These declarations are:
- An applicant must not hold another PPF account.
- One cannot maintain multiple accounts except to operate an account on behalf of a minor.
- Investors need to declare account and branch details from where the account is being maintained.
- One needs to commit that he or she will maintain the PPF account by adhering to monetary requirements.
Therefore, to make deposits to your PPF account and maintain it in the process, you will need to know everything about the following PPF forms.
PPF form B
Form B or PPF contribution form is mandatory to fill out during investing in an account. To make contributions to a PPF account, one must provide the following details:
- Applicant's name
- Public Provident Fund account number
- Credit amount
Apart from this, one can use this PPF form for some other purposes as mentioned below:
- Investors who secured a loan against the PPF account can repay their loan or pay interest for it by filling out a PPF contribution or deposit form.
- In case of paying fees or penalties, one can fill out this form.
Further, an applicant can withdraw a certain amount from his PPF account under certain conditions, which brings us to the next PPF form.
PPF form C
One might use form C for PPF withdrawal under certain circumstances like child's education, wedding, medical emergencies, etc. However, withdrawal of the accumulated corpus is possible only after 6 years from the account opening date. An individual can use this form as a partial withdrawal form to acquire a certain portion of PPF funds. This form requires the following information:
- PPF account details like account number
- Withdrawal amount
- Duration from date of account opening to PPF amount withdrawal date
- Amount transfer mode (whether it will reflect in your registered savings account or you wish to have a demand draft for it)
- Affixation of revenue stamp to the form
Note: In case of withdrawing an amount on behalf of a minor, it is essential to mention the purpose of withdrawal, and one needs to declare that the person is still a minor and alive. Further, one needs to submit a passbook along with the form.
Therefore, this is one of the most crucial forms an investor should be acquainted with apart from the account opening form.
Moreover, applying for a loan against a PPF amount is another benefit of investing in PPF that helps an individual secure his finances conveniently. The following form will enable an applicant to apply for a loan.
PPF form D
One can apply for a loan on a PPF account by utilising form D. While filling out a PPF loan form; one must be aware of the following details:
- PPF account details
- Required loan amount
- A statement claiming that the loan amount will be repaid with interest within 3 years
- PPF passbook copy
Another important form necessary to fill out if an applicant wishes to add a nominee is the next PPF form.
PPF form E
Adding a nominee to a PPF account allows an individual to safeguard the account and maintain the flow of benefits to the appointed person in case of demise. To do so, one needs to fill out the PPF nomination form or form E at any time during the tenure of the scheme. Here are some points to consider while filling out the form.
- Account holder's name
- Nominee's name
- Public Provident Fund account number
- Address of a nominee
- In case the nominee is a minor, one must enter his or her date of birth
Note: One needs to mention who will receive benefits on behalf of a minor during his minority. Further, during multiple nominees, an investor has to specify shares of each of them.
In the event of changing nominations, one needs to fill out a different PPF form. In the following section, you will find the necessary details related to that.
PPF form F
A PPF account holder can change or cancel his nomination by submitting a change of nomination form, also known as form F. One needs to mention the following pointers in the form for a successful change of nomination:
- Date of the original nomination
- Name of the account owner
- New nominee's name
- PPF account number
- Nominee's address
- DOB of a nominee, in case he or she is a minor
Similar to form E, one needs to specify details of the person receiving PPF benefits on behalf of the new minor nominee.
Further, the sole purpose of opening a PPF account by using an account opening form is to claim funds after a certain period. To do so, one needs to have clarity regarding the next form.
PPF form G
In case an account holder or his nominee (during the former's demise) wants to claim the PPF amount, they need to obtain a claim form which is the PPF form G. Here are the additional details one needs to provide in the form.
- Account owner's death certificate in case of his demise
- Certificate of succession
- Passbook of PPF
- Indemnity letter
- Disclaimer's letter on the affidavit
- Acknowledgement receipt of PPF amount with signature
- Attach revenue stamp to the form
However, if there are no nominees, the legal heirs can claim the amount using this form.
Finally, you will find details on the last PPF form and when to use it in the section given below.
PPF form H
Some investors want to extend the maturity period of their PPF accounts (15 years) to 5 more years, also known as the block period. To do so, they need to fill out an extension form and follow certain rules:
- One must submit this form within a year of maturity.
- After submission, an individual can make contributions towards his account and earn interests on the same.
- An extension period cannot cross the 5-year mark.
- In case of failing to submit form H within 1 year, one cannot make fresh contributions to his account.
Therefore, you can invest in PPF without any hassle after thoroughly going through the aforementioned points and learning about forms like the account opening form and more in a simplified manner as above.