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PPF Investment Rules Changed: Government has changed PPF investment rules, know rule before depositing money, otherwise it will be difficult

PPF Investment Rules Changed: Government has changed PPF investment rules, know before depositing money, otherwise it will be difficult

PPF Investment Rules Changed: The government has changed the rules for PPF investment. If you take a loan on the amount deposited in PPF, then the interest rate has been reduced from two percent to one percent.

PPF Investment Rules Changed: If you also have a PPF account, then this news is of your use. The rules of all deposit schemes are changed by the government from time to time. These changes are sometimes big and sometimes minor. Many changes took place in the last days in Sukanya Samriddhi Yojana (SSY) .

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Your contribution should be in multiples of 50 in PPF account
Your contribution to the PPF account should be in multiples of Rs 50. This amount should be at least Rs 500 or more in a year. But the amount deposited in the PPF account should not exceed Rs 1.5 lakh in a whole year. Apart from this, now you can deposit money in PPF account only once in a month

Form-1 to be filled to open PPF account
To open a PPF account, Form-1 has to be submitted instead of Form A. To extend the PPF account one year before maturity after 15 years (with deposits), one has to apply in Form-4 instead of Form H.

You can choose to continue even after maturity
You can continue your PPF account even after 15 years without depositing money. There is no compulsion to deposit money in this. After maturity, if you are opting to extend the PPF account, you can withdraw money only once in a financial year.

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Interest on loan
If you take a loan against the amount deposited in PPF, then the interest rate has been reduced from two percent to one percent. After paying off the principal amount of the loan, you will have to pay the interest in more than two installments. Interest is calculated from the 1st of every month.

25 percent loan
If you want to take a loan against PPF account, then two years before the date of application, when you can take a loan only on 25 percent of the available PPF balance in the account. For example, you applied on 31st March 2022. Two years before this date i.e. on March 31, 2019, if you had Rs 1 lakh in your PPF account, then you can get 25 percent loan.

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