The Ministry of Finance’s Department of Economic Affairs has introduced new guidelines for Public Provident Fund (PPF) accounts, effective from October 1, 2024. These updated rules cover critical aspects such as PPF accounts for minors, regulations for individuals holding multiple PPF accounts, and guidelines for NRI PPF account holders. The aim is to streamline small… Read more »

An official government notification (G.S.R. 831(E)) outlining an amendment to the Public Provident Fund (PPF) Scheme, 2019. Let’s break down the key points: Legal Authority: The changes are made under the authority granted by section 3A of the Government Savings Promotion Act, 1873 (Act number 5 of 1873). Specific Amendment: The focus of the amendment… Read more »