Attention PPF Account Holders: Important Updates for NRIs and Minors investing in India.
Are you an NRI or managing a PPF account for a minor? Make sure your account isn’t classified as “irregular” to avoid reduced interest rates:
NRI Accounts:
• Irregular if extended beyond initial 15-year period
• Will stop earning interest from September 30, 2024
Minor Accounts:
• Irregular if more than one account per minor
• Will earn interest at Post Office Savings Account rate until majority
Regular Accounts:
• Continue earning prevailing interest rates
• Annual limit: ₹3 Lakhs (including spouse and minor children)
Don’t let your hard-earned savings lose value. Review your PPF accounts today and ensure they’re compliant with the latest regulations.
Call me for any queries regarding PPF .