Amidst the coronavirus crisis, the central government has decided to relax regulations for investors investing in the highly popular small savings schemes Public Provident Fund (PPF) and Sukanya Samriddhi Yojana (SSY) and Recurring Deposit (RD).

According to the Finance Ministry's tweet regarding this matter, the account holders of these two schemes can now deposit the minimum amount till June 30, 2020. In a tweet issued by the Finance Ministry, it has been said that provisions are being relaxed for PPF, Sukanya Samriddhi and RD account holders. According to the tweet, the government has taken this decision keeping in mind the interests of the depositors of small savings schemes in view of the lockdown implemented across the country to prevent the Kovid-19 pandemic. This has been relaxed in the rules for the financial year 2019-20.

For your information, let us tell you that PPF, Sukanya Yojna or Recurring Deposit account holders have to deposit minimum amount in any financial year between April 1 and March 31. However, it is generally seen that the account holders of these schemes deposit money at the end of the financial year, but due to the lockdown implemented on March 25, many people could not deposit the mandatory minimum amount. Such depositors were being fined. Keeping in mind this problem, the period for depositing minimum amount in PPF, Sukanya Yojana and RD accounts has been extended.

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