New PPF rules to be effective from October 1: Three major changes PPF account holders must know

The Department of Economic Affairs under the Ministry of Finance has issued new guidelines for Public Provident Fund accounts formed in the name of minors, multiple PPF accounts, and the extension of PPF accounts by NRIs under National Small Savings (NSS) schemes through post offices. In this regard, the ministry has released a circular notifying the revisions on August 21, 2024.