Public Provident Fund Scheme, 1968 amended.

Dated 29th September, 2017 | Copy of | Finance Notification Sl.114 | 

In exercise of the powers conferred by section 3 of the Public Provident Fund Act, 1968 (23 of 1968), the Central Government hereby makes the following Scheme further to amend the Public Provident Fund Scheme, 1968, namely:-

1. (1) This Scheme may be called the Public Provident Fund (Amendment) Scheme, 2017.

(2) They shall come into force on the date of their publication in the Official Gazette.

2. In the Public Provident Fund Scheme, 1968,-

(i) in Paragraph 2, for clause (a), the following clauses shall be substituted, namely:-

“(a) „Aadhaar number‟ means an identification number as defined in clause (a) of section 2 of the Aadhaar (Targeted Delivery of Financial and Other Subsidies, Benefits and Services) Act, 2016 (18 of 2016);

(aa) „Account‟ means a Public Provident Fund Account under this Scheme;”;

(ii) after paragraph 4, the following paragraph shall be inserted, namely:-

“(4A) Identification of Account holders.- The Aadhaar number shall be the unique identifier for the purpose of establishing the identity of an account holder:

Provided that where Aadhaar number has not been assigned, the depositor shall submit proof of application of enrolment for Aadhaar:

Provided further that every depositor under this scheme who has not given his Aadhaar number at the time of application for such deposit shall submit his Aadhaar number to the Post Office Savings Bank or Accounts Office concerned, on or before the 31st day of December, 2017.”.

Sd/-
(Prashant Goyal)
Jt. Secy.

G.S.R.1243(E)
F.No.1/3/2015-NS.II
Issued by:
Ministry of Finance
(Department of Economic Affairs)
New Delhi

Note: The principal Scheme was notified vide G.S.R.1136(E), dated 15.6.1968 and amended vide G.S.R.368 (E), dated 1.8.72, G.S.R.217(E), dated 16.3.83, G.S.R.54(E), dated 7.2.84, G.S.R.895(E), dated 23.6.86, G.S.R.1013(E), dated 20.8.86, G.S.R.793(E), dated 29.8.89, G.S.R.477(E), dated 25.5.94, G.S.R.489(E) dated 6.7.99, G.S.R.908(E), dated 6.12.2000, G.S.R.679(E), dated 4.10.2002, G.S.R.768(E), dated 15.11.2002, G.S.R.585(E), dated 25.7.2003, G.S.R.690(E), dated 27.8.2003, G.S.R.755(E), dated 19.11.2004, G.S.R.291(E), dated 13.5.2005, G.S.R.956(E), dated 7.12.2010, G.S.R.844(E), dated 25.11.2011 and 225(E) dated 13.3.2014, G.S.R.496(E), dated 11.7.2014, G.S.R.588(E), dated 13.8.2014, G.S.R.350(E) dated 29.3.2016, G.S.R.940(E), dated 30.9.2017 and G.S.R.388(E), dated 31.3.2017 and G.S.R.860(E), dated 30.6.2017.