FinMin notifies Higher Investment limit in PPF of Rs. 150,000.
THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)]
MINISTRY OF FINANCE
(Department of Economic Affairs)
NOTIFICATION
New Delhi, the 13th August, 2014
G.S.R. 588 (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. 1/2/20 14-NS.II]
DR. RAJAT BHARGAVA, Jt. Secy.
Note: The Scheme was notified vide G.S.R. 1136(E), dated 15.6.1968 and amended vide G.S.R. 368 (E), dated 1.8.72, G.S.R. 217 (E), dated 9.3.79, G.S.R. 271(E), dated 16.3.83, G.S.R. 54(E), dated 7.2.84, G.S.R.895(E), dated 23.6.86, G.S.R. 1013(E), dated 20.8.86, G.S.R. 793(E), dated 29.8.89, G.S.R.477(E), dated 25.5.94, G.S.R.489(E) dated 6.7.99, G.S.R.908(E), dated 6.12.2000, G.S.R.679(E), dated 4.10.2002, G.S.R.768(E), dated 15.11.2002, G.S.R.585(E), dated 25.7.2003, G.S.R. 690(E), dated 27.8.2003, G.S.R.755(E), dated 19.11.2004, G.S.R. 291(E), dated 13.5.2005, G.S.R. 956(E), dated 7.12.2010, G.S.R.844(E) dated 25.11.2011 and G.S.R. 225(E) dated 13.3.2014.
If I don’t withdraw any amount from my PPF a/c till 15 years, there is any problem ?
Sir,Although the above notification was issued on 13th August,2014 but still the Postal Dept. more particularly Guwahati G. P. O. is not accepting additional Rs. 50000/- in P. P. F. A/C. They say that they have not recd. any Departmental Circular hence they cannot accept the additional amount
Can you please help on rules of withdrawal from PPF.
Everywere it is mentioned that person can withdraw amount from PPF after 6th year ( amount restricted upto 50 % of closing balance of 4th year).
what is the rule for withdrawal after 6th year.
Read. Thanks for updating.