Canara Bank Form F – For cancellation Archives - Tax Heal https://www.taxheal.com/tag/canara-bank-form-f-for-cancellation Complete Guide for Income Tax and GST in India Wed, 17 Jun 2026 06:05:40 +0000 en-US hourly 1 https://wordpress.org/?v=7.1.4 Canara Bank Form F – For cancellation/variation of nomination/legal heirs under PPF Scheme from Download https://www.taxheal.com/canara-bank-form-f-for-cancellation-variation-of-nomination-legal-heirs-under-ppf-scheme-from-download.html Wed, 17 Jun 2026 06:05:40 +0000 https://www.taxheal.com/?p=133815 Canara Bank Form F – For cancellation/variation of nomination/legal heirs under PPF Scheme Canara Bank Form F – For cancellation/variation of nomination/legal heirs under PPF Scheme from Download Based on the provided document, here are the key points of Canara Bank Form F (NF 155), which is used for the cancellation or variation of a… Read More »

]]> Canara Bank Form F – For cancellation/variation of nomination/legal heirs under PPF Scheme

Canara Bank Form F – For cancellation/variation of nomination/legal heirs under PPF Scheme from Download

Based on the provided document, here are the key points of Canara Bank Form F (NF 155), which is used for the cancellation or variation of a nomination under the Public Provident Fund (PPF) Scheme (NF 155 – A… p. 1):

Core Form Purpose

  • Nomination Update: Used explicitly by a PPF subscriber to cancel an existing nomination or substitute it with a new one (NF 155 – A… p. 1).
  • Regulatory Compliance: Governed under sub-paragraph (3) of paragraph 12 of the Public Provident Fund Scheme (NF 155 – A… p. 1).
  • Bilingual Format: Structured with side-by-side text fields in Assamese and English (NF 155 – A… p. 1).

Subscriber & Change Tracking

  • Account Linking: Requires the subscriber’s name and exact PPF Account Number (NF 155 – A… p. 1).
  • Historical Reference: The subscriber must state the exact date of the original nomination that is now being overridden or voided (NF 155 – A… p. 1).

New Nominee Matrix

  • Exclusive Entitlement: Declares that on the subscriber’s death, the newly named individuals become entitled to the funds to the exclusion of all others (NF 155 – A… p. 1).
  • Detailed Mapping Table: Collects the nominee’s full name, complete residential address, date of birth (mandatory for minors), and the specific proportionate share percentage allocated to each person (NF 155 – A… p. 1).

Minor Protection Clause

  • Guardian Appointment: If any new nominee is a minor, the subscriber must explicitly appoint a separate legal guardian (providing their name and full address) (NF 155 – A… p. 2).
  • Payout Authority: This designated guardian is authorized to receive the fund balance if the subscriber passes away while the nominee is still a minor (NF 155 – A… p. 2).

Execution & Verification

  • Signatures Required: The subscriber must provide a signature or a verified thumb impression along with their current residential address (NF 155 – A… p. 2).
  • Witness Attestation: Requires two independent witnesses to provide their signatures, names, and addresses to validate the request (NF 155 – A… p. 2).
  • Bank Ledger Entry: Final processing requires an official Accounts Officer’s signature to certify that the variation has been formally updated in both the bank ledger and the subscriber’s physical passbook (NF 155 – A… p. 2).
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