PPF Scheme: People had high expectations from the budget this time. At the same time, Public Provident Fund i.e. PPF scheme is being run by the Central Government. People were hopeful that this time in the budget, an announcement could be made by the government to increase the limit of PPF scheme.
PPF Limit: The Union Budget has been presented by the Finance Minister. Many important announcements have been made by the government in this budget. Through these announcements, the government has tried to benefit the people of every section. At the same time, many new schemes have also been started by the Central Government in this budget. Although some important changes were expected in the old schemes being run by the government through the people, but the government did not make any changes in them.
PPF Scheme
People had high expectations from the budget this time and efforts have also been made by the government to fulfill the expectations of the people. At the same time, Public Provident Fund i.e. PPF scheme is being run by the Central Government. People were hopeful that this time in the budget, an announcement could be made by the government to increase the limit of PPF scheme. People have been demanding for a long time to increase the maximum investment limit that can be deposited in the PPF scheme in a financial year. Although the expectations of the people remained the same.
PPF Investment
Finance Minister Nirmala Sitharaman did not announce any change regarding PPF in the budget speech 2023. In such a situation, the expectations of the PPF account holders have also suffered a setback. At present, the same benefit that was being available in PPF earlier, will continue to be available in future also. The maximum investment limit in PPF in a financial year will remain Rs 1.5 lakh only.
Tax exemption
Apart from this, currently interest is paid on PPF at the rate of 7.1 per cent. At the same time, the tax benefit available in the PPF scheme will also remain the same as before and people will also be able to get tax exemption from the PPF scheme like before.
