The current financial year is going to end on March 31. This time is very important for completing important financial tasks. In such a situation, if you have invested in Sukanya Samriddhi Yojana (SSY), National Pension System (SSY) and Public Provident Fund (PPF) etc. and have not made any contribution in this financial year, then by the end of this month you will have to pay the minimum contribution. It is necessary to do. If you do not do this then your account may become inactive.
ppf
In Public Provident Fund (PPF), you have to contribute a minimum of Rs 500 in a financial year. You can deposit a maximum of Rs 1.5 lakh in PPF in a year. If you miss depositing the minimum amount during the financial year, you will have to pay a penalty of Rs 50 per year with further minimum annual deposit of Rs 500.
nps
To keep the NPS account active, a minimum contribution of Rs 1000 has to be made in a financial year. You can also deposit a minimum of Rs 500 in NPS. If your account becomes inactive due to not making the minimum contribution, then to get it activated again, you will have to pay a fine of Rs 100 along with the minimum contribution.
SSY
A minimum contribution of Rs 250 has to be made every year in Sukanya Samriddhi Yojana (SSY). You can contribute a maximum of Rs 1.5 lakh annually. If you do not make the minimum contribution then you will have to make the minimum contribution with a penalty of Rs 50 per year to reopen your account.
Latest Business News