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of <h1>Amendments to PPF Scheme: Only Individuals Can Hold Accounts, Effective May 2005; Previous Accounts Grandfathered</h1> The statutory provisions related to the Public Provident Fund (PPF) Scheme, 1968, including a list of authorized nationalized bank branches for receiving subscriptions under the scheme from April 1, 1983. It also details the de-authorization of certain branches as of January 19, 2005. Interest rates for PPF subscriptions are specified for various periods between 1999 and 2002. Amendments effective from May 13, 2005, restrict PPF accounts to individuals only, rendering accounts opened by non-individual entities void. Existing accounts prior to the amendment will continue under previous rules until maturity.
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