If you are an SBI (State Bank of India) customer, you can open a Public Provident Fund (PPF) account easily using the bank’s dedicated online portal for its customers. Follow these simple steps ...
If you're a salaried individual looking for a secure investment to grow your savings, the Public Provident Fund ( PPF ) ...
Irregular PPF accounts: New rules from Oct 1, 2024 for regularisation of 3 types of irregular Public Provident Fund accounts ...
The PPF account is known for its tax-free interest, compounded annually, making it a popular choice for those wanting to build a substantial retirement corpus over time. PPF encourages savings by ...
According to the set rules, every eligible Indian citizen can open only one PPF account. However, a parent can open a PPF account for their minor child as their legal guardian, serving as an ...
1. What's changing for PPF accounts opened for minors? If you've opened more than one PPF account for your child, than only one account will be considered as regular subject to yearly minimum ...
From the discontinuation of Aadhaar enrollment IDs for PAN applications to interest rates in PPF accounts, these ...
According to the government, PPF accounts that have been opened solely in the name of a minor without a guardian are considered irregular. The new rules address only these irregular accounts that ...
Last month, the Department of Economic Affairs, under the aegis of Ministry of Finance, had issued fresh guidelines to streamline existing Public Provident accounts opened through post offices.
A PPF account should be opened by anyone looking for a secure investment alternative to reduce taxes and earn assured profits. PPF is one of the finest investing options for those with a limited ...
These guidelines apply to multiple accounts, including NSS-87, PPF accounts for minors, and Sukanya Samriddhi schemes. All post offices and financial institutions must follow these procedures to ...