The finance ministry in a notification has stated that "no existing benefits to depositors are proposed to be taken away" and has clarified on the proposed changes to the Public Provident Fund (PPF):
* The Government Savings Certificates Act, 1959 and the Public Provident Fund Act, 1968 are proposed to be merged with the Government Savings Banks Act, 1873. "The main objective in proposing a common Act is to make implementation easier for the depositors as they need not go through ..