RBI/2014-15/187
DGBA.CDD.No.867/15.02.005/2014-15

August 22, 2014

The Chairman and Managing Director/Managing Director
Government Accounts Department/Head Office
State Bank of India/State Bank of Patiala/State Bank of Bikaner & Jaipur/
State Bank of Travancore/ State Bank of Hyderabad/State Bank of Mysore/
Andhra Bank/Allahabad Bank/Bank of Baroda/Bank of India/
Oriental Bank of Commerce/Bank of Maharashtra/Canara Bank/
Central Bank of India/Corporation Bank/Dena Bank/Indian Bank/
Indian Overseas Bank/Punjab National Bank/Syndicate Bank/UCO Bank/
Punjab & Sind Bank/Union Bank of India/United Bank of India/Vijaya Bank/
IDBI Bank/ICICI Bank Ltd./Axis Bank.

Dear Sir/Madam,

Amendment to Public Provident Fund Scheme, 1968

We forward herewith a copy of the Government of India Notification G.S.R. 588 (E) dated August 13, 2014 on the captioned subject, the contents of which are self-explicit. The Government of India, vide this Notification, has enhanced the individual subscription limit under the Public Provident Fund (PPF) Scheme, 1968, from existing `1,00,000 to `1,50,000 in a financial year.

2. In this regard, we advise that the contents of the above mentioned Notification may be brought to the notice of the branches of your bank operating the PPF Scheme and may also be displayed on the notice boards of your branches for the information of the PPF Scheme subscribers.

Yours faithfully,

(Shrikant Hamine)
Manager
Encls: As above.