Public providant fund PPF Account New 5 Rules 2022 PPF New Update
The Government of india has bring new 5 rules for the all ppf account holders , There has been done 5 changes for all public ppf accounts these changes are number of contributions , loan rates reduced , ppf account open , extension without contribution , and pre closure .
PPF Account New 5 Rules 2022
The New 5 Rules of PPF account holders are
1. Number of contributions; All the ppf account holders now can contribute only 12 times in a year from 500-150000 that means a customer can contribute only once in a month in the ppf account
2. Loan Rate reduced ; Previously when ppf account holders takes loan on the ppf account the interest rate was 2% now the government has reduced it and keep it 1% percent
3. PPf account open; All the customers who wish to open ppf account in any national bank or post office they can open the ppf account through form 1 and similiarly form 4 has been used for the extension
4. Extension without contribution ; All PPF account holders can extend their account after 15 years for 5 years without contribution
5. Pre Clousure: customer can do pre closure of account by producing Passport and other required documents if he has to wish live in foreign country