If you have a Public Provident Fund (PPF) and Sukanya Samriddhi Yojana (SSY) account, but could not deposit money in them this financial year, then deposit some money in them by March 31, 2026 to keep the account active. If money is not deposited in PPF and SSY, these accounts can become inactive (closed). If you do not deposit the minimum required amount, you will have to pay a penalty to reactivate it. You have to maintain minimum investment in these schemes so that it can be known that your account is active. We are telling you what is the minimum amount you have to deposit in the account. Public Provident Fund (PPF) The minimum deposit for those having a PPF account is Rs 500, that is, you have to invest at least Rs 500 in it in a financial year. Failure to do so may result in your account being closed. The last date to deposit money in this is 31st March 2023, so you should deposit this minimum balance before that. If you do not deposit the money till the last date, you will have to pay a penalty of Rs 50 every year. Currently 7.1% interest is being given on PPF account. Sukanya Samriddhi Yojana (SSY) 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. Currently 8.2% interest is being given on Sukanya Samriddhi Yojana account. You get the benefit of tax exemption: By investing in both these schemes, you can avail the benefit of tax exemption under Section 80C of the Income Tax Act. Under this, you can get tax exemption on annual investment up to Rs 1.5 lakh. Understand it in simple language, you can reduce up to Rs 1.5 lakh from your total taxable income through Section 80C.
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Deposit minimum amount in PPF-Sukanya by 31st March: Failure to do so may result in account closure, know what are the rules regarding this
