Last day today for PPF, Sukanya Samriddhi scheme subscribers to deposit minimum balance

The Minimum Amount for opening of account and maximum balance that can be retained for both Public Provident Fund and Sukanya Samriddhi Yojana is the end of a financial year. 

New Delhi: The current financial year is ending today while the new fiscal year is begining from tomorrow (Apri 1). Since several deadlines are pegged to the month of March, the end of the month i.e March 31 is very crucial for investments. 

If you are a subscriber of Public Provident Fund (PPF) and Sukanya Samriddhi Yojana, March 31 deadline is significant for you. The Minimum Amount for opening of account and maximum balance that can be retained for both Public Provident Fund and Sukanya Samriddhi Yojana is the end of a financial year. Hence, if you have not deposited the minimum balance before the end of the financial year (March 31), it is high time you did so. While those who have already made their deposits, they must not worry.

Discontinued or deactivated PPF, Sukanya Samriddhi Account

If in any financial year, minimum deposit of Rs 500 in case of Public Provident Fund Account is not made, the said PPF account shall become discontinued. Discontinued account can be revived by the depositor before maturity of the account by deposit minimum subscription (i.e. Rs. 500) + Rs. 50 s default fee for each defaulted year. 

For Sukanya Samriddhi Accounts holders, if minimum deposit Rs 250 is not deposited in a account in a FY , the account shall be treated at defaulted account. Defaulted account can be revived before completion of 15 years from the date of opening of account by paying minimum Rs 250 + Rs 50 default for each defaulted year.