50% more saving on ppf

Arun jaitley our new finance minister for India in the budget announced the increase in the allowable amount for Ppf from Rs 1 l per annum to Rs 1.5 l per annum.

This will give a significant fillip to saving in India.  I think that in the next 12 months he will be looking to allow the Ppf trust to invest in the infrastructure of the country.

For a family of four,  this is a significant opportunity to get tax free saving of Rs 2l per annum at a great interest rate of over 8 %

This is the best investment in India.

Make use of this opportunity.

Its simplefinancialsense! !