Para 3 - Limits of subscription - Public Provident Fund Scheme, 1968

Limits of subscription. 3. (1) Any individual may, on his behalf or on behalf of a minor of whom he is the guardian, subscribe to the Public Provident Fund (hereinafter referred to as the Fund ) any amount not less than [ ₹ 500 ] and not more than 1 [ ₹ 1,00,000 ] in a year. (2) [ *** ] [ (3) Non-Resident Indians (NRIs) are not eligible to open an account under the Public Provident Fund Scheme : Provided that if a resident who subsequently becomes NRI during the currency of maturity period prescribed under Public Provident Fund Scheme, may continue to subscribe to the Fund till its maturity on a non-repatriation basis. ] ******* Notes 1. Substituted vide NOTIFICATION [F.No. 1/9/2011-NS-II], dated 25-11-2011 before it was read as [ ₹ 70,000 ]