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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.

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