The government is introducing major changes to the Public Provident Fund (PPF) starting from 1st October 2024. These updates could significantly impact your savings and account management:
Interest rate could drop to 4% or even no interest on certain accounts!
You may be required to close any extra PPF accounts you have.
In this video, I explain:
Who will be affected by the new rules.
How to check if your PPF account is at risk.
What steps you need to take before October 1st to protect your savings.
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PPF changes 2024
PPF interest rate 4%
Close PPF account 2024
Public Provident Fund update
PPF account closure rules
1st October PPF update
PPF no interest update
Extra PPF account closure
PPF interest drop 2024
PPF rule changes 2024
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chapters;-
00:00 intro
00:28 what is PPF?
02:36 Changes in ppc account
03:36 1st Change
08:22 2nd Change
12:26 3rd Change
14:44 outro
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Disclaimer: Although all provisions, notifications, updates, and live demos are analyzed in-depth by our team before presenting to the public. We hereby provide our point of view only and tax matters are always subject to frequent changes hence advisory is only for the benefit of the general public. Hence neither TaxSmooth nor its designated partner is liable for any consequence that arises on the basis of YouTube videos.
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