Ask Jurishour AI

Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
tdb_templates
saswp_reviews
saswp-collections
saswp_rvs_location
tdc-review-email
web-story-font
web-story
googlesitekit_email
tds_locker
tds_email
saswp
mailpoet_page
mailpoet_email
tdcpt_tunes
tdc-review
pronamic_payment
pronamic_gateway
pronamic_pay_subscr
wpcode
HomeNotificationThese Saving Schemes Will No Longer  Charge Fees For Nomination Change/Cancellation

These Saving Schemes Will No Longer  Charge Fees For Nomination Change/Cancellation [READ NOTIFICATION]

Notification

Published on

By Mariya Paliwala
These Saving Schemes Will No Longer Charge Fees For Nomination Change/Cancellation [READ NOTIFICATION]

🚀 Stay Connected With JurisHour

WhatsApp X Telegram

The Ministry of Finance has notified the Government Savings Promotion General (Amendment) Rules, 2025 which amends  Government Savings Promotion General Rules, 2018.

Till now Rs. 50 was charged for the Cancellation or Change Of Nomination but from 2nd April, 2025 no fee shall be charged.

In other words no fee for cancellation or change of nomination shall be chargeable on  Post Office Savings Account, National Savings Monthly Income (Account), National Savings Recurring Deposit, Sukanya Samridhhi Account, National Savings Time Deposit (1 year, 2 years, 3 years and 5 years), Senior Citizens’ Savings Scheme, Public Provident Fund Scheme, National Savings Certificates (VIII Issue) Scheme, 2019, Kisan Vikas Patra Scheme, 2019, and PM CARES for Children Scheme, 2021.

“In the Government Savings Promotion General Rules, 2018, in the Schedule II, under Fee to be charged for services, the words and figures “(b) Cancellation or change of nomination – ₹50” shall be deleted,” the notification read.

Government Savings Promotion General Rules, 2018

The Government Savings Promotion General Rules, 2018 shall apply to the schemes listed in the Schedule appended to the Government Savings Promotion Act, 1873.

Notification Details

Notification No. F. No. 1/4/2023-NS(Pt.)

Date: 2/04/2025

Click Here To Read Notification

Read More: Customs Appeal Pending Before CESTAT Since 1 Year: Karnataka High Court Directs Disposal Within 4 Months

Mariya Paliwala
Mariya Paliwalahttps://www.jurishour.in/
Mariya is the Senior Editor at Juris Hour. She has 7+ years of experience on covering tax litigation stories from the Supreme Court, High Courts and various tribunals including CESTAT, ITAT, NCLAT, NCLT, etc. Mariya graduated from MLSU Law College, Udaipur (Raj.) with B.A.LL.B. and also holds an LL.M. She started her career as a freelance tax reporter in the leading online legal news companies.

Latest articles

GST

GST Registration Cancellation Can’t Be Based on Unquantified ITC Mismatch Before Verification of Suppliers: Calcutta High Court

The Calcutta High Court has set aside a show cause notice proposing cancellation of...
GST

Speaking Refund Order Can’t Be Reopened Through S. 73 Without Appeal U/s 107: Bombay High Court 

The Bombay High Court has granted interim protection to a taxpayer in an important...
Company & PMLA

NCLT Quashed ROC’s Rejection of DIR-12, Directs Fresh Verification in Director Removal Dispute

The National Company Law Tribunal (NCLT), Ahmedabad Bench, has held that while the Registrar...
Direct Tax

Religious References Alone Can’t Deny S. 80G Approval: ITAT

The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has held that an...

More like this

GST

GST Registration Cancellation Can’t Be Based on Unquantified ITC Mismatch Before Verification of Suppliers: Calcutta High Court

The Calcutta High Court has set aside a show cause notice proposing cancellation of...
GST

Speaking Refund Order Can’t Be Reopened Through S. 73 Without Appeal U/s 107: Bombay High Court 

The Bombay High Court has granted interim protection to a taxpayer in an important...
Company & PMLA

NCLT Quashed ROC’s Rejection of DIR-12, Directs Fresh Verification in Director Removal Dispute

The National Company Law Tribunal (NCLT), Ahmedabad Bench, has held that while the Registrar...