RBI has notified the increase in deposit money under Public Provident Fund, PPF to 1.5 lakh rupees from 1 lakh rupees. This is in pursuance to an announcement made by the Finance Minister Arun Jaitley earlier this month. After the new ruling, people can now deposit up to 1.5 lakh rupees annually in their PPF account. The Finance Minister had raised the investment limits in tax saving schemes with an aim to encourage household savings.