NEW DELHI, Feb 10:

Assuaging fears of losingbenefits under the PublicProvident Fund (PPF) schemewith proposed changes in theBudget, Economic AffairsSecretary S C Garg said existingand new PPF deposits wouldcontinue to have protection frombeing attached.

"PPF deposits enjoy protec-tion from being attached. Allexisting protections have been

saved while consolidating PPFAct under proposedGovernment Savings PromotionAct," he said in a tweet.

In Finance Bill 2018-19, aprovision has been made torepeal the Public ProvidentFund Act, 1968.

As a result, all small savingsschemes including PPF will nowbe covered under theGovernment Savings Banks Act,

1873.The schemes include Post

Office Savings Account,National Savings Monthly

Income (Account), NationalSavings Recurring Deposit andSukanya Samriddhi Account.(PTI)

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Existing, new PPF deposits continue to have protection: Garg