There is very important news for the account holders of Public Provident Fund (PPF), National Pension Scheme (NPS) and Sukanya Samriddhi Yojana (SSY). Yes, tax-saving schemes require account holders to deposit a minimum amount in a financial year to check that your account is active. This means that by March 31, you will have to update the balance of these accounts in any case. Let us tell you that if you have not checked these accounts till now, then check them today. In fact, if you have not deposited any money in these accounts in the current financial year, then definitely put the minimum required amount in it by March 31, 2022, otherwise you may have to pay a fine. In fact, once these accounts are deactivated, you have to pay a penalty to get them activated again.
Let us tell you that for the current financial year 2021-22, whether you opt for the new or old tax regime, it is still important to ensure that you have deposited the minimum contribution required to keep the account active. Now let us tell you, whose minimum balance amount is in these important schemes?
Minimum amount to be deposited in PPF- The minimum annual contribution in PPF for a financial year is Rs 500. Along with this, you should also know that the last date for making this contribution for the current financial year is March 31, 2022. In such a situation, if you have not deposited the amount in it yet, then hurry up, otherwise you will have to pay a fine of Rs 50 each year along with an outstanding subscription of Rs 500 for each year. On the other hand, if your account is closed, then you will not get any loan in it.
Minimum amount to be deposited in NPS- As per the rules, it is mandatory for Tier-I NPS account holders to deposit a minimum of Rs 1,000 in a financial year. Simultaneously, if the minimum contribution is not made to the NPS Tier-I account, the account will become inactive. Yes and for this you will have to pay a fine of Rs 100. Not only this, if one has Tier II NPS account (where lock-in of funds is not required) then the Tier-II account will be automatically closed along with the freezing of Tier-I account.
Sukanya Samriddhi Account Scheme- It is mandatory to have a minimum deposit of Rs 250 in a financial year in Sukanya Samriddhi Account. Otherwise, you will be fined Rs 50 for this. At the same time, a defaulted account can be regularized before the completion of 15 years from the date of opening of the SSY account. Yes, and in such a situation, if you have not yet checked the minimum amount in this account, then check and update it today.
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