The new Public Provident Fund (PPF) rules, effective from October 2024, introduce significant changes for NRIs and minor account holders. NRIs can now maintain their PPF accounts until maturity but will earn interest as per the Post Office Savings Scheme rate.

If residency status changes after opening the account, no further contributions are allowed, and interest will be earned at revised rates. For minor account holders, guardians must manage accounts under new guidelines. These updates impact long-term savings strategies for NRIs.

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