Changes in PPF account Guidelines wef 1.10.2024

 

Changes in PPF account Guidelines wef 1.10.2024
1. Interest only on Rs.1,50,000/-per year.
2. If more than one PPF account of a person they need to close
3. If a minor PPF account then saving bank interest @2.50%till minor and from attaining majority interest will be 7.10% or the applicable rate
4. If an Individual is a NRI then upto 30/9/2024 saving bank interest @2.50% then post 1.10.2024 no interest. Adv KL Gupta

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