PPF Subscription Limit increased to Rs. 1.5 lakh

PPF Subscription Limit increased to Rs. 1.5 lakh – Department of Posts issues orders citing Finance Ministry’s Order

Consequent on increase in savings limit under Section 80 C of Income Tax Act for getting rebate / exemption on Income Tax to Rs. 1,50,000/-in the recent budget 2014-15, PPF Subscription Limit has been increased Rs. 1,50,000 by Finance Ministry.  Communication in this connection from Department of Posts citing Finance Ministry’s Notification for increase in PPF Subscription Limit is as follows

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,

3. This issues with the approval of Competent Authority.
Download Department of Posts Office Order No. F.No. 113-01/2011-SB dated 21.08.2014 and Finance Ministry Notification F.No. 1/2/20 1 4-NS.II dated 13.08.2014