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HomePersonal FinancePPF, SSY, NPS Account Holders Alert! Finish this investment related work before...

PPF, SSY, NPS Account Holders Alert! Finish this investment related work before 31 march 2022, otherwise Your PPF, SSY, NPS account will off, know details-

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Keep in mind that to keep the Sukanya Samriddhi Yojana account active, it is necessary to deposit at least Rs 250 in a financial year. Failure to do so will result in the account becoming inactive.


The financial year 2021-2022 has come to an end. In such a situation, it is very important to complete many important works before 31 March. One of them is depositing minimum balance in the accounts of Public Provident Fund (PPF), Sukanya Samriddhi Yojana (SSY) and National Pension Scheme (NPS). It is worth noting that every year a minimum balance has to be deposited in these three accounts. If you do not do this then you may have to pay a fine. In such a situation, before the end of the financial year, this work must be completed.

Deposit this amount
in Public Provident Fund (PPF) If you have opened a Public Provident Fund (PPF) account in a post office or bank, then it is mandatory for you to deposit at least Rs 500 in a year. If you do not do this, then you will have to pay 50 rupees as fine for depositing money in the next month i.e. April. In case of non-deposit of money in the account, the account will be considered as Deactivate. In such a situation, to activate it, you will have to pay Rs 50 as fine along with Rs 500. In any dormant account, you do not get the facility of loan or withdrawal facility up to 75 percent. In such a situation, before 31st March, at least 500 rupees must be deposited in this account.

Deposit such amount in the account of Sukanya Samriddhi Yojana (SSY)
Keep in mind that to keep the Sukanya Samriddhi Yojana account active, it is necessary to deposit at least Rs 250 in a financial year. Failure to do so will result in the account becoming inactive. If you want to reactivate this account, then you will have to deposit Rs 250 along with a fine of Rs 50. If you do not do this work before the maturity of this account, then later you will not be able to get the benefit of this account.

Deposit such amount in the account of National Pension Scheme (NPS)
It is worth mentioning that the National Pension Scheme has been divided into two parts. One is Tier 1 account, while the other is Tier 2 account. It is necessary to deposit at least Rs 1000 every year in Tier 1 account. Failure to do so will result in your account being deactivated. Later, it will be activated again only after paying an additional fine of Rs 100. In such a situation, if you have not deposited money in this financial year, then settle this work as soon as possible.

Pravesh Maurya
Pravesh Maurya
Pravesh Maurya, has 5 years of experience in writing Finance Content, Entertainment news, Cricket and more. He has done BA in English. He loves to Play Sports and read books in free time. In case of any complain or feedback, please contact me @ businessleaguein@gmail.com
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