Big PPF update! Senior citizens can now withdraw funds without Post Office visit, check process

India Post has now allowed investors above 60 to withdraw funds partially from their investment accounts without the need to visit any branch. 

New Delhi: India Post, previously known as the Department of Post, offers a slew of investment schemes to Indian investors. Some of the most notable schemes include Public Provident Fund (PPF) and the Senior Citizens Savings Scheme (SCSS). Both the schemes are popular, especially among senior citizens.  Now, aiming to offer relief to senior citizens, India Post has now allowed investors above 60 to withdraw funds partially from their investment accounts without the need to visit any branch. Also Read: Apple iPhone 12 series gets massive price cut on Flipkart: Check details here Senior citizens can now send an authorized person to collect the funds on their behalf from any branch. India Post launched the facility to support old-age pensioners who are not able to attend post offices for withdrawal or loan or closure or premature closure of their accounts. The payment is either made in cheque or is credited into a post office savings account or bank account for the safety of the investor. Also Read: Filing ITR? Check how you can claim LTA voucher tax exemption