SSY, PPF account holders should complete this work by 31st March, otherwise there will be big loss.

PPF and SSY Deadline: PPF and Sukanya Samriddhi Yojana account holders are required to complete the work by 31st March. If you don’t do this, it’s possible you’ll undergo monetary loss.

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PPF and SSY Deadline: The monetary 12 months 2023-24 is in its final phases. In such a scenario, if you’re an investor in Public Provident Fund or Sukanya Samriddhi Yojana account, then there is necessary information for you. It is important to complete an necessary process associated to those accounts within the subsequent 4 days. Otherwise it’s possible you’ll undergo a big loss later. If you haven’t invested in your PPF account and SSY account this monetary 12 months, then complete this work as quickly as attainable.

Account will be frozen
If you don’t put money into your PPF and SSY account by March 31, 2024, your account will be frozen. After this, to reopen this account within the second monetary 12 months, you will must pay a penalty together with the minimal steadiness. Complete this work earlier than the start of the brand new monetary 12 months.

How a lot to put money into PPF account
Public Provident Fund or PPF scheme is a long-term financial savings scheme. In this you possibly can make investments cash for a complete of 15 years. Under the scheme, the account holder can make investments from Rs 500 to a most of Rs 1.50 lakh in a monetary 12 months. The authorities is providing 7.10 p.c rate of interest on the quantity deposited in PPF account. In such a scenario, in case you have not invested even a single rupee in this account in this monetary 12 months, then complete this work as quickly as attainable. If you fail to deposit the minimal quantity in this monetary 12 months, you will must pay a penalty of Rs 50 yearly.

Invest this a lot in Sukanya Samriddhi Yojana account
Under Sukanya Samriddhi Yojana, you possibly can make investments for the safe way forward for your daughter. Under this scheme, account holders can make investments from Rs 250 to Rs 1.50 lakh yearly. This is a authorities supported scheme underneath which the federal government is providing 8.20 p.c rate of interest on deposits. After the woman completes 21 years of age, she will be able to withdraw the deposited quantity. If you fail to deposit at the very least Rs 250 in this account, then you definately will must pay a penalty of Rs 50 together with the minimal steadiness within the subsequent monetary 12 months.

EPFO KYC: Updating e-KYC in EPFO could be very simple, know its simple step by step course of.

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