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    <title>No fee to be charged for updation of nominees for PPF accounts: FM</title>
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    <description>No charge will be levied for updating or adding nominees in PPF accounts after amendment of the Government Savings Promotion General Rules, 2018 via Gazette Notification dated April 2, 2025, removing the fee for cancellation or change of nomination in small savings schemes. The Banking Amendment Bill 2025 allows nomination up to four persons for depositor payments and safe custody items, raises the substantial interest threshold in a bank to two crore rupees, and extends cooperative bank directors&#039; tenure from eight to ten years.</description>
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