Now, no fee for updating PPF nominees: FM

NEW DELHI: Finance minister Nirmala Sitharaman said on Thursday that no fees will be charged for updation or addition of nominees for Public Provident Fund ( PPF ) accounts as changes have been done by govt through a notification.

"Recently, it was informed that a fee was being levied by financial institutions for updating/modifying nominee details in PPF accounts," Sitharaman said on X. "Necessary changes have been made to remove any charges on the updation of nominees for PPF accounts," she added.