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I thought my eyes were deceiving me when I read this on Wednesday morning. Increase the cap on your annual Public Provident Fund (PPF) investments from Rs 70,000 to Rs 100,000?
I’d be the first person in the queue with a deposit form.
I’d still be the first person in the queue even if the interest rate wasn’t changed. Because, as I’ve said before, EEE @ 8% compounded is pure magic. And if this recommendation gets implemented, the magic only gets better.
If you have time on your side, start and contribute fully into a Public Provident Fund account. I can never get tired of saying this.
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