Saturday, August 23, 2014

K.A: PPF (Public Provident Fund) Scheme subscribers

Dear Sir/Madam,

Amendment to Public Provident Fund Scheme, 1968

We forward herewith a copy of the Government of India Notification G.S.R. 588 (E) dated August 13, 2014 on the captioned subject, the contents of which are self-explicit. The Government of India, vide this Notification, has enhanced the individual subscription limit under the Public Provident Fund (PPF) Scheme, 1968, from existing `1,00,000 to `1,50,000 in a financial year.

In this regard, we advise that the contents of the above mentioned Notification may be brought to the notice of the branches of your bank operating the PPF Scheme and may also be displayed on the notice boards of your branches for the information of the PPF Scheme subscribers.

Yours faithfully,

(Shrikant Hamine)


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