PPF New Rules from 1st October 2024
Public Provident Fund (PPF) New Rules from 1st October 2024
Please Note – The changes will affect only the Irregular Accounts
What are Irregular Accounts
1️⃣ More than 1 account on Single PAN in your Name
2️⃣ More than 2 Minor PPF Accounts
3️⃣ More than limit deposits in Guardian + Minor account
4️⃣ Extended PPF account of an NRI
Note: Two minor accounts means two accounts with the same minor… One Self operated and another minor through guardian also irregular.
Guardian can open minor accounts for their all children and self but amounts of deposit in all these accounts not more than 1.5 lakhs.