This article explains new government guidelines to fix issues with small savings accounts like
‣ National Savings Scheme
‣ Sukanya Samriddhi Scheme
‣ Public Provident Fund
‣ Other Small Saving Schemes opened in the name of minor
Some accounts broke rules—such as people opening multiple accounts or guardians who weren’t eligible setting up accounts for minors. The guidelines show how to correct these issues, either by adjusting interest rates, merging extra accounts, or refunding excess deposits.