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Should I Close My 2021 PPF Account Based On New Rules?

Milind

Milind Vadjikar  | Answer  |Ask -

Insurance, Stocks, MF, PF Expert - Answered on Dec 16, 2024

Milind Vadjikar is an independent MF distributor registered with Association of Mutual Funds in India (AMFI) and a retirement financial planning advisor registered with Pension Fund Regulatory and Development Authority (PFRDA).
He has a mechanical engineering degree from Government Engineering College, Sambhajinagar, and an MBA in international business from the Symbiosis Institute of Business Management, Pune.
With over 16 years of experience in stock investments, and over six year experience in investment guidance and support, he believes that balanced asset allocation and goal-focused disciplined investing is the key to achieving investor goals.... more
Manish Question by Manish on Dec 14, 2024Hindi
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Money

I have two PPF accounts, one opened in 2021 and another in 2023. According to new rules which account I have to close

Ans: Hello;

You may hold the first account as your primary ppf account and close the second account as per bank/ post office procedure.

Best wishes;
Asked on - Dec 16, 2024 | Answered on Dec 16, 2024
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Can I close the primary account and continue the secondary account which I opened on 2023
Ans: Hello;

You may check with your bank regarding this aspect.

Best wishes;
DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.
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