PPF New Rules 2024 with effect from 01/10/2024

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.