Last few days of this financial year are left. In such a situation, there are many such important works which have to be settled by the last date of this month. If you invest in schemes like Sukanya Samriddhi Yojana (SSY) then there is a big update for you. If you have not made any minimum investment in Sukanya Samriddhi Yojana, Public Provident Fund (PPF) and National Pension System (NPS) scheme so far in this financial year, then definitely do it by March 31.
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Let us tell you, through investment in PPF, NPS and Sukanya Samriddhi Yojana (SSY), you can claim tax exemption of Rs 1.50 lakh under Rule 80C of the Income Tax Act. Let us know how we can keep these accounts active. What is the minimum investment to be made-
Public Provident Fund (PPF)
In a financial year, at least Rs 500 has to be invested in the PPF account. If you do not pay on time, you will have to pay a penalty of Rs 50.
National Pension System
Tier-1 NPS account holders have to invest at least Rs 1000 to keep the account active. Whereas the minimum deposit is not applicable for Tier-2 investors. If the Tier-1 NPS account holder does not make the payment on time, then he will have to pay a penalty of Rs 100.
Sukanya Samriddhi Yojana (SSY)
To keep the Sukanya Samriddhi Yojana account active, at least Rs 250 has to be invested in a financial year. If you do not pay on time, you will have to pay a penalty of Rs 50.