At the request of the subscriber, the account can be transferred to other branches/banks or post offices and vice versa. The service is free of charge.  The Public Provident Fund Scheme, 2019, reduced the interest rate spread to 1%, from an earlier spread of 2%. Persons residing in India have the right to open their account under the Public Provident Fund and are entitled to tax-exempt returns. In October 2017, the Department of Finance issued a communication regarding a change to the 1968 PPF system, which would consider that a PPF account would be closed from the date on which a person was not established.  This has led to a lot of confusion.  Subsequently, in February 2018, the Ministry issued an office memorandum in which the above-mentioned communication was silenced until another injunction was issued in this regard, placing the situation in the same position as before.  The Public Provident Fund (Amendment) Scheme, 2016, amended paragraph 9 of Sub-Rule 3(C) of the Public Provident Fund Scheme, 1968, to facilitate the early closure of the PPF account.  Early closure of the PPF account is permitted at the expiration of 5 years for the medical treatment of family members and for the higher education of the PPF account holder. However, an early closure comes with an interest penalty of 1%.
According to GOI 12 DEC 2019 NOTIFICATIONS has added some new rules for premature widrawal 1. If a change of residence must present a visa and passport or ITR, the account may be closed.2. Higher education of oneself or depending on the establishment of invoices or approvals of confirmation mail account may be closed. The remaining rules are equal to the death of the owner or the medical condition depends on itself or dependent.   Opening and maintaining a PPF account requires a minimum annual deposit of ₹500. A PPF account holder can deposit a maximum of 1.5 lakes per fiscal year into their PPF account (including accounts in which they are the guardian). For PPF accounts opened in the name of minor children, there must be a guardian. Parents can act as guardians in these PPF accounts of minor children. Any amount that is paid in a fiscal year of more than 1.5 lakes will not be remunerated. The amount can be deposited on a flat-rate basis or in instalments per year. However, this does not even mean a single deposit per month.
There is a lock-in period of 15 years and the money can be withdrawn completely after its duration. However, exceptional withdrawals may be made from the beginning of the seventh financial year. The maximum amount to be withdrawn before maturity is equal to 50% of the amount at the end of the 4th The previous year or at the end of the previous year, the amount is lower. As of August 2018, NGOs (Non resident Indians) will not be able to open new PPF accounts, according to the Indian Ministry of Finance (Department of Economic Affairs). However, they are allowed to continue their existing PPF accounts for up to a period of 15 years.  The 2018 Finance Law proposed, but has not yet approved, a change to previous rules allowing NGOs to invest in the PPF.  If a contribution of a minimum amount is not invested in one year, the account is deactivated. To obtain activation, the holder must pay 50 in penalty for each inactive year. He/she must also pay every ₹500 as a contribution for each inactive year.
PPF is covered by the EEA shopping cart (Exempt, Exempt, Exempt). The contribution to the PPF account is taxable, in accordance with Article 80C of the Income Tax Act. Interest earned is exempt from income tax and the proceeds of maturity are also exempt.  The initial term is 15 years. Thereafter, it can either be closed and the total amount withdrawn, or, at the request of the subscriber, it can be extended by one or more blocks of 5 years each, with or without other contributions. . . .