Monday, October 10, 2011

Great for ppf lovers

Right on the front page of the times of India we had the story that ppf ( provident fund savings) limit per year could be increased to rs one Lakh vs the existing 70000 today.

This is absolutely fantastic news. One of the reasons why the limit was put in was because of the high returns savings that the government had to give.

The government will still need to shell out the higher rates of interest, but it's great news for the people of India.

Max out the ppf.. That is the motto

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