Small Savings Scheme: If you have invested in these schemes, then complete these important tasks by 31st March, otherwise fine will be imposed

New Delhi: If you invest in small savings schemes like Sukanya Samriddhi Yojana, Public Provident Fund and National Pension System, then there is important news for you. , Actually, those investing in such schemes are required to invest at least a certain amount during every financial year. If you are not able to deposit the minimum annual amount by March 31, your account may be frozen. Not only this, you may also have to pay a fine.

Deposit minimum amount before 31st March

If you have also opened an account for investing in these schemes, but have not yet deposited money in it during this financial year, then you should complete this work in time. You have only time till 31st March 2024. However, you don't need to worry. Here we are going to tell you about the minimum deposit amount for Sukanya Samriddhi Yojana (SSY), Public Provident Fund i.e. PPF and National Pension System i.e. NPS to avoid penalty.

Public Provident Fund (PPF)

Those investing in Public Provident Fund i.e. PPF are required to deposit at least Rs 500 in the PPF account every financial year. If you do not deposit the minimum balance in this account your account will become inactive. After this, to reactivate your account, you will have to pay a penalty of Rs 50 with a minimum of Rs 500 every year. That means, to reopen a closed Public Provident Fund account, you will have to pay Rs 550 every year.

National Pension System (NPS)

Government Pension Scheme National Pension System i.e. NPS is a retirement saving scheme. Those investing in this scheme will have to deposit at least Rs 1,000 in their NPS account during every financial year. If you do not do this then your account may be frozen. However, you can reopen the account but for this you will have to pay a minimum of Rs 500. However, if you keep depositing a minimum contribution of Rs 1,000 during the financial year, your account will remain active.

Sukanya Samriddhi Yojana (SSY)

Daughter's future can be secured by investing in Sukanya Samriddhi Yojana. If your account is opened under this scheme then you will have to deposit at least Rs 250 every year. If you do not make this minimum deposit your account will be considered in default. After this, if you want to open your account again, you will have to pay a fine of Rs 50 per year. You will have to pay this fine along with a minimum contribution of Rs 250 every year.