PPF, NPS and SSY Scheme Investor: If you have also invested money in schemes like PPF, NPS and SSY, then invest the money before 31 March 2024. If you do not invest on time, your account will be closed.
PPF, NPS and SSY Scheme Investor: If you have also invested money in schemes like PPF, NPS and SSY, then invest the money before 31 March 2024. If you do not invest on time, your account will be closed. Then to reopen these accounts, charges will have to be paid along with the investment amount. Also, you will not be able to avail the benefit of tax exemption. To avoid any such problem, invest in PPF, NPS and SSY in the next 9 days.
Invest on time
You have also invested money in PPF, NPS and Sukanya Samriddhi Yojana. So there is good news for you because you will have to complete your work by 31st March 2024. Investors in Public Provident Fund (PPF), Sukanya Samriddhi Yojana (SSY) and National Pension System (NPS) will have to deposit minimum amount in their account every financial year. To keep the account of these schemes active, it is mandatory to deposit money every financial year. If you do not deposit the minimum amount then your account may be frozen.
Have you invested in PPF?
Public Provident Fund (PPF) or PPF is a long-term investment scheme in India. A minimum of Rs 500 and a maximum of Rs 1.5 lakh can be deposited annually in PPF. The interest rate on PPF is decided by the government and currently the interest rate on it is 7.1 percent per annum. PPF has a lock-in period of 15 years. This means that the investor cannot withdraw money from it for 15 years.
Have you invested in Sukanya Samriddhi Yojana?
Sukanya Samriddhi Yojana is an important step of the Government of India to secure the future of daughters. This scheme is an important means of promoting financial security and their education, and it also works as an investment. The government is currently giving 8.2 percent interest on it. You deposit money in it for 14 years and can withdraw money after completion of 21 years of investment.
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