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

No. F.No. 113-01/2011-SB

Government of India

Ministry of Communications & IT

Department of Posts

Dak Bhawan, Sansad Marg,

New Delhi-110001,

Dated: 21.08.2014

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,

The undersigned is directed to convey the decision of the Min. of Finance (DEA) for revision of existing maximum limit of subscription in a financial year in the existing PPF accounts as well as new PPF account to be opened on or after 13.08.2014. Now the subscription in a financial year shall be Rs 1,50,000/- in “place of Rs 1,00,000/- in PPF accounts. The copy of Gazette Notification No. G.S.R. 588 (E) dated 13.08.2014 issued by MOP (DEA) is enclosed.

 2. it is requested to circulate this instruction to all field units and ensure that the instruction is strictly followed.

3. This issues with the approval of Competent Authority.

Encl.. as above

Yours faithfully,
-sd/

(L K Sinha)
Assistant Director General (FS-1)
Copy to:-
1. DDG(FS)/DDG(VlG)/JS&FA/DDG(PAFIDDG(RB)/DDG (Estt )/DDG(PG & Inspections)/
- DDG (PCO)
2. Director (Tech) O/o Pr. CPMG T..N Circle.
3. Director (FS)/Director (CBS), Dak Bhawan.
4. Director of Audit (P&T), Delhi.
5. All Directors/Dy. Directors of Accounts, Postal
6. Director, Postal Staff Coltege, Ghaziabad.
7. All Directors, Postal Training Centres.
B. Director PTC Mysore for uploading the SB order on lndia Post Web Site.
9. A.D (Tech), SDC Chennai O/o CPMG T.N.Circie, Chennai.
1 0. AD ll nspection/PFA/igilance
11. All Accounts OFficers,lCO(SB)
12.All recognized unions.
13. MOF(Dfn;, NS-tt, North Block, New Delhi