After the account holder's death, PPF account closes, and the nominee or legal heir can claim the balance. The account continues to earn interest until the claim is settled, but no new contributions can be made posthumously. For the full story, visit the source.
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What happens to a PPF account after the account holder’s death? Nominee rules, withdrawal process explained
After the account holder's death, PPF account closes, and the nominee or legal heir can claim the balance. The account continues to earn interest until the claim is settled, but no new contributions can be made posthumously.
By Eshita Gain· Livemint· 1 day ago· 2 min read
This summary is sourced from Livemint. Read the full article at:Livemint