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…