PPF Annual Investment Limit raised to Rs. 1,00,000 from Rs. 70,000

The Finance Ministry vide its latest rules have notified an increased limit for Public Provident Fund or PPF Accounts as they are generally known from Rs. 70,000 p.a. to Rs. 1,00,000 p.a. It has also increase the rate of interest on PPF, which is tax exempt, from 8% to 8.6% p.a.

This step will increase the amount of public money invested in PPF which is a long term investment plan with lock in period of 15 years but give a higher rate of return due to exemption from income tax.


The materials provided herein are solely for educational and informational purposes. No attorney/professional-client relationship is created when you access or use the site or the materials. The information presented on this site does not constitute legal or professional advice and should not be relied upon for such purposes or used as a substitute for professional or legal advice.

Similar Posts

Leave a Reply

Your email address will not be published. Required fields are marked *