PPF Account – Do this to your PPF Account or your account will be deactivated.
PPF Account – There’s just a few days left for the presentation of the Union Budget 2022-23. Public Provident Fund scheme is a long-term saving-cum-investment products, mainly due to its combination of returns, tax savings, and safety. People prefer PPF as it is one of the safest investment plans in India. You can invest from Rs.500 – Rs.150000 in a financial year. Recently Govt. has announced a new rule regarding PPF Account and it’s cancelation. In this article, we are going to discuss about the new rule.
What is the new rule regarding PPF Account?
In this new rule, Govt. has requested PPF account holders to link their accounts to Aadhar cards. If they do not do this, their accounts will get cancelled. The linking should take place as soon as possible. In other languages, if you have not yet linked your PPF Account with Aadhaar, then you should link it as soon as possible.
| PPF Interest rate | 7.1% |
| Minimum investment amount | Rs.500/- |
| Maximum investment amount | Rs.1,50,000 |
| Investment tenure | 5-15 years |
How to link Aadhar Card to PPF?
1) Login to your banking account
2) Register your Aadhar number in Internet banking.
3) Enter the 12 digit Aadhaar number
4) Click on confirm
5) choose your account, which you want to link with Aadhaar card
6) Click on Inquiry
7) Check whether your Aadhaar card is linked to PPF account or not.
Pan Card Cancellation – If you do not follow this rule, your Pan Card will be
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Written and edited by Rajeshwari.
