If you have an account in Public Provident Fund i.e. PPF and Sukanya Samriddhi Yojana, but could not put money in them in this financial year, then to keep the account active, put some money in them till March 31. Actually, if you do not put money in PPF and Sukanya Samriddhi Yojana, then these accounts can become inactive. So let’s know the rules related to it.
As a new rule, it is necessary to have a minimum amount in both these accounts and the last date for putting money in it for this year is March 31, 2023. It is necessary to deposit this amount in a financial year, because if you do not do so, your account may be closed, as well as you may have to pay a fine. Apart from this, you will not get a loan on this account. You will not be able to withdraw money from this account. Let us tell you that the minimum deposit for PPF account holders is Rs 500. That is, you have to invest at least Rs 500 in a financial year in it. Failure to do so may result in the termination of your account.
If you do not deposit the money by the last date, then you will have to pay a fine of Rs 50 per year. Let us tell you that currently, 7.1% interest is available on the PPF account. On the other hand, if you have an account in Sukanya Samriddhi Yojana, then you have to deposit a minimum of Rs 250 every year. If you do not deposit this money then you will have to pay a fine of Rs 50. At present, 7.6% interest is being received on the Sukanya Samriddhi Yojana account. Let us tell you that both schemes are being run by the post office. Apart from this, the banks which have the facility to open Public Provident Fund accounts also have the facility to open Sukanya Samriddhi Yojana accounts.
