Investors of PPF, NPS and Sukanya Samriddhi Yojana will have to complete the work by 31st March, will not get second chance

New Delhi: Many financial tasks have a deadline every month. The month of March is very important for economic matters. Actually, this is the last month of the financial year (FY24).

If you have also invested in PPF, National Pension System or Sukanya Samriddhi Yojana (SSY), then this article is very important for you.

Let us tell you that investors of these schemes have to deposit a minimum amount every financial year. If the minimum amount is not deposited their account is closed.

public provident fund

Public Provident Fund (PPF) is a long-term investment scheme. In this, a minimum investment of Rs 500 has to be made every financial year. The maximum investment amount in this scheme is Rs 1.5 lakh. The government gives interest at the rate of 7.1 percent per annum on the investment amount.

The lock-in period of PPF is 15 years. You cannot make any withdrawals from the fund for 15 years. The investor can withdraw from the fund after the lock-in period.

Sukanya Samriddhi Yojana

Sukanya Samriddhi Yojana has been started by the Central Government under the Beti Bachao-Beti Padhao campaign. You can invest in this scheme for your daughter's education and marriage.

The government gives 8.2 percent interest in this scheme. Investment in this scheme should be made for 14 years and the maturity period is 21 years.

national pension system

National Pension System (NPS) is a very popular option for continuing income even after retirement. It is invested with the aim of continuing income through pension even after retirement. The government gives interest and tax benefits in NPS ranging from 9.37 percent to 9.6 percent.

In this, a minimum investment of Rs 500 has to be made every financial year.

What will happen if you do not invest?

If the investor does not invest the minimum amount in a financial year, his account will be frozen. This means that all the benefits available in the scheme like tax benefits etc. will not be available.

The investor will have to pay a penalty of Rs 50 per year and a minimum amount to reopen the account.