Public Provident Fund Limit Increased to Rs 1.5 Lakh – Finmin Notification

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB SECTION (i) ]

Government of India

Ministry of Finance

(Department of Economic Affairs)

Notification

New Delhi, the 13th August, 2014

G.S.R. (E). – In exercise of the powers conferred by sub-section (4) of section 3 of the Public Provident Fund Act, 1968 (23 of 1968), the Central Government hereby makes the following further amendments to the Public Provident Fund Scheme, 1968, namely :-

1  (1) This Scheme may be called the Public Provident Fund (Amendment) Scheme 2014.

     

(2) It shall come into force from the date of its publication in the Official Gazette

2 . In the Public Provident Fund Scheme, 1968. -

(i) in paragraph 3, in sub-paragraph (1), for the letters and figures ‘Rs.1.00,000, the letters and figures Rs.1.50,000 shall be substituted

(ii) In Form-A, in paragraph (iv), for the letters and figures ‘Rs.1,00,000”, the letters and figures “Rs.1.50.000” shall be substituted.

[F.No. 1/2/2014-NS.II]

Sd/-

(DR.RAJAT BHRGAVA)

JOINT SECRETARY TO THE GOVERNMENT INDIA

Source:http://finmin.nic.in/the_ministry/dept_eco_affairs/budget/PPF_amendment_scheme2014.pdf