On the account holder's death, what happens to the PPF account?

Public Provident Fund (PPF) is a popular scheme among investors as it offers tax benefits on contributions as well as withdrawals after the lock-in period. The PPF scheme currently offers a 7.10 per cent rate of interest and this interest income is also non-taxable. But have you ever wondered what happens in the event of the death of a PPF account holder?

This article was originally published on August 05, 2022.