PPF changes you need to know | Kirtan Shah CFP

If you are a PPF investor, some very important clarifications came in lately that you should be aware off,

(1) You can only have 1 PPF account. If you are found with 2 PPF account, it will be moved to 1 account that you chose as primary, The access amount over 1.5 lakhs will be given back at zero interest from July 12
(2) If you have more than 2 accounts, everything is returned back to you at 0% interest
(3) Same is applicable for the child. Second account will earn 4% till the child turns major. Post that, the same rule as above in point 1 will be applicable
(4) If you have not disclosed your NRI status, the account will earn 4% between July 12 and Sep 24 and 0% after that.

(PPF, Investing, NRI Investment)

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