Corona virus has affected each area of the nation and the world. A big inhabitants within the nation is in disaster. In such a state of affairs, the federal government has introduced rest of guidelines for PPF and Sukanya Samriddhi account holders.
The authorities has prolonged the necessary minimal deposit deadline for account holders of Public Provident Fund (PPF), Recurring Deposit (RD) and Sukanya Samriddhi Yojana to 3 months in view of the corona virus disaster. The Finance Ministry gave this info on Twitter on Saturday. Now the necessary minimal deposits of 2019-20 in PPF, RD and Sukanya Samriddhi account may be made until June 30.
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The Finance Ministry mentioned in a tweet, “The government has made provisions for PPF, RD and Sukanya Samriddhi account holders to protect the interests of small saving depositors in view of the lockdown (closure) implemented in the country for prevention of corona virus infection.” Has eased. ‘
To preserve these accounts lively, depositors must deposit a hard and fast minimal quantity yearly. In the occasion of this not taking place, depositors are charged a late payment. Depositors usually submit these schemes on the finish of the monetary yr as they’re exempted underneath Section 80C of the Income Tax Act.
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