PPF investment limit expanded

The Government has vide its gazette notification dated 13th August, 2014 which is available here and the RBI has vide its notification dated 22nd August, 2014 which is available here enhanced the limits which can be invested in a Public Provident Fund Scheme from Rs.1.00 lakh per annum to Rs.1.50 lakhs per annum. This is effective from 13th August, 2014. 

Public Provident Fund Scheme

RBI has clarified on Public Provident Fund Scheme that


1) in case of deposit of cheques in the PPF a/c, the date of realization of the cheque will be henceforth treated as date of deposit, as against date of tender which was hitherto considered as date of deposit;

2) PPF account can be opened in the name of minor children by either father or mother (but not both);

copy of RBI circular can be found here