Ashana Sinha
The new PPF guidelines will primarily impact minors and NRIs.
In the New PPF Rule, POSA interest will be paid on irregular accounts until the minor turns 18.
For investors who hold more than one PPF account will earn interest at the scheme rate in their primary account.
Only active NRI PPF accounts opened under the PPF, 1968, will receive the POSA rate of interest until September 30, 2024.
The balance from any secondary accounts will be merged into the primary account. Excess amounts will be refunded with 0% interest.