Ashana Sinha 

New PPF Rules From October 1st: What’s Changing?

New Guidelines Overview

The new PPF guidelines will primarily impact minors and NRIs.

New Regulations For PPF Accounts Held By Minors

In the New PPF Rule, POSA interest will be paid on irregular accounts until the minor turns 18.

Changes For investors With Multiple PPF Accounts

For investors who hold more than one PPF account will earn interest at the scheme rate in their primary account.

Extension Of PPF Accounts By NRIs

Only active NRI PPF accounts opened under the PPF, 1968, will receive the POSA rate of interest until September 30, 2024.

Additional Provisions Under PPF

The balance from any secondary accounts will be merged into the primary account. Excess amounts will be refunded with 0% interest.

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