Investors in schemes like PPF, NPS, and SSY, take note! It’s imperative to fulfill your obligations within the next 5 days to avoid potential account freezing.
Invest in these schemes before the deadline of March 31st to keep your accounts active. Failure to do so will result in account freezing, requiring additional investment and payment of charges for reactivation.
Pay Installments Within 5 Days
If you’ve invested in Public Provident Fund (PPF), National Pension System (NPS), or Sukanya Samriddhi Yojana (SSY), ensure you pay your installments within the next 5 days to maintain the active status of your accounts.
PPF Rules Reminder
Minimum and Maximum Deposit: Investors can deposit a minimum of Rs 500 and a maximum of Rs 1.5 lakh annually in PPF.
Interest Rate: The interest rate on PPF, currently set by the government, stands at 7.1% per annum.
Lock-in Period: PPF comes with a lock-in period of 15 years, during which withdrawals are restricted.
Sukanya Samriddhi Yojana Guidelines
Sukanya Samriddhi Yojana, designed to secure the future of daughters, is a crucial initiative by the Government of India. Here are some key points to remember:
Interest Rate: The government offers an interest rate of 8.2% on Sukanya Samriddhi Yojana.
Investment Period: Investors deposit money for 14 years and can withdraw it after the completion of 21 years from the initial investment.
Act Now to Maintain Financial Health
Investors, ensure you adhere to the regulations of these schemes by investing before the deadline.
By doing so, you safeguard the continuity of your investments and secure your financial future.
