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Sunday, September 7, 2014

Revision of maximum limit of subscription in a financial year of PPF Account

Revision of maximum limit of subscription in a financial year of PPF Account


No. F.No. 113-01/2011-SB
Government of India
Ministry of Communications & IT
Department of Posts

Dak Bhawan, Sansad Marg,
New Delhi-110001, Dated: 21.08.2014

To

All Heads of Circles/Regions
Addl. Director General, APS, New Delhi.

Subject:- Revision of maximum limit of subscription in a financial year of PPF Account.
Sir / Madam,

The undersigned is directed to convey the decision of the Min. of Finance (DEA) for revision of existing maximum limit of subscription in a financial year in the existing PPF accounts as well as new PPF account to be opened on or after 13.08.2014. Now the subscription in a financial year shall be Rs 1,50,000/- in "place of Rs 1,00,000/- in PPF accounts. The copy of Gazette Notification No. G.S.R. 588 (E) dated 13.08.2014 issued by MOP (DEA) is enclosed.


 2. it is requested to circulate this instruction to all field units and ensure that the instruction is strictly followed.


3. This issues with the approval of Competent Authority.

Yours faithfully
sd/-
(L.K.Shinha)
Assistant Director General (FS-I)

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