DEA Announces 6 New Rules for PPF, Sukanya Samriddhi Yojana, and Other Small Savings Schemes Effective October 1, 2024.

Banking & Finance

The Department of Economic Affairs (DEA) has introduced six new regulations for Public Provident Fund (PPF), Sukanya Samriddhi Yojana, and other small savings schemes, effective October 1, 2024. These changes aim to enhance transparency and efficiency in the management of these schemes. The new rules include revised interest rates, updated eligibility criteria, and streamlined procedures for deposits and withdrawals. Investors are advised to review these changes to understand how they may impact their savings strategies. The DEA's move is part of its broader initiative to improve financial inclusion and safeguard the interests of small investors.


      The new rules mandate annual reviews of interest rates to align with market conditions and Simplified documentation requirements aim to make account management easier for investors.

     

     

 

     


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