Notification, Dated: 25-11-2011 [F.No. 1/9/2011-NS-II]

Section 3 of the Public Provident Fund Act, 1968 (23 of 1958) — Amendment to the Public Provident Fund Scheme, 1968

Section 3 of the Public Provident Fund Act, 1968 (23 of 1958) - Amendment to the

Public Provident Fund Scheme, 1968

In exercise of the powers conferred by sub-section (4) of section 3 of the Public Provident

Fund Act, 1968 (23 of 1958), the Central Government hereby makes the following further

amendment to the Public Provident Fund Scheme, 1968, namely :-

1. (1) This Scheme may be called the Public Provident Fund (Amendment) Scheme, 2011.

(2) It shall come into force on the 1st day of December 2011.

2. In the Public Provident Fund Scheme, 1968, -

(i) in paragraph 3, in sub-paragraph (1), for the letters and figures “Rs 70,000/-”, the letters

and figures “Rs 1,00,000 shall be substituted;

(ii) in paragraph 11, in sub-paragraph (2), for the words “one per cent, per annum”, the words

“two per cent, per annum” shall be substituted;

(iii) in Form-A, in paragraph (iv), for the letters and figures “Rs 70,000/-”, the letters and

figures “Rs 1,00,000 shall be substituted.