Invest Minimum Amount In Ppf And Ssy Before 31 March
Some terms change every month. It is better to observe them beforehand and do things. Otherwise there will be financial loss along with difficulties. If you haven't deposited money in this scheme by March 31, you still have time. You should do this immediately.
If you don't deposit the money by the 31st you will have to pay a penalty. In addition, your account may also be closed. Experts say that it is better to take action beforehand without any mistakes.
According to the Public Provident Fund Rules 2019.. PPF account holders in every financial year account must have at least Rs. 500 should be deposited. Note that if you do not deposit the minimum amount, your PPF account will be closed.
Can a closed account be reopened?: You can reopen your closed PPF account. But for this you have to pay Rs. 50 penalty will have to be paid. Besides, a minimum deposit is also required.
You can deposit at least Rs. 250 should be invested. If you do not make this investment till the end of the financial year, you will have to spend Rs. 50 fine to be paid.
Sources
This is an AI-generated story and may contain errors. Verify important information with original sources.