The Public Provident Fund (PPF) is one of the most popular investment options in India, especially for those seeking long-term, tax-saving investments with assured returns. The scheme has garnered trust over the years, but recent changes in PPF rules from October 1, 2024, bring new guidelines that every investor—whether new or seasoned—needs to understand. In this article, we’ll dive into the significant changes made to the PPF scheme, how these might impact your investment strategy, and essential tips to maximize benefits in light of these updates. Key PPF Changes Effective from October 1, 2024 The changes to the PPF scheme are meant to enhance the scheme’s flexibility and adapt to evolving financial scenarios. Here’s what’s new: Revised Deposit Limits Previously, the maximum deposit limit for PPF was ₹1.5 lakh per financial year. However, effective October 1, 2024, the limit has been increased to ₹2 lakh. This provides more room for tax-efficient savings, aligning with the rise in i
A 70-year-old resident of Kolshet, Thane, Maharashtra, has become the victim of a sophisticated stock market scam orchestrated through a WhatsApp group. The Times of India reports that the individual lost a staggering Rs 2 crore after being lured into the group by unknown individuals. The group, designed to appear legitimate, offered seemingly valuable share trading tips and promised substantial returns on investments. However, what began as helpful advice quickly turned into a manipulative ploy. The group's administrator, posing as a representative of a major Chicago-based investment firm, dangled the carrot of lucrative opportunities to entice unsuspecting traders. The victim, trusting the group's facade and the supposed expert advice, reportedly invested over Rs 2 crore. To further solidify their scam, the fraudsters provided access to a fake website mimicking a legitimate investment platform. This website even displayed a fictitious profit of Rs 3.5 crore on the victim