PPF, NPS and Sukanya Prosperity Scheme Subscribers Must Do This Work Soon. Here in this post, we’ll lighten up the points that you must follow if you are a subscriber of any of these schemes. You have 40 days, or you may have to suffer loss. So, we recommend you to read the information completely and do comment down below if you have any query.
NEWS – (February 2019)
What Important Things Have To Be Done Before 31st March 2019?
There are only 40 days left to end the financial year 2018-19. In this, people invest in different types of options for tax saving. PPF, NPS and Sukanya prosperity scheme is the top list that people choose to go with.
But these schemes have to be maintained, otherwise, the account may be closed. In such a situation, you may have to pay a penalty for resumption.
Also Read: Your PF Money is Not Secure! – MUST READ
Public Provident Fund (PPF) Subscribers
PPF is considered a better option in terms of tax saving and investment. There is a certain amount that has to be in this account.
So, make sure that before the March 31th you get deposited 500 rupees in your account. If not, you will have to pay a fine of Rs. 50. After this, your account will be active again.
National Pension System (NPS) Subscribers
The National Pension System is considered a better investment option. This is also a good option in terms of tax saving. If you have also opened your account in NPS, then make sure that before March 31, 2018, your account has been deposited with a minimum monthly amount of Rs 500 and annual deposits of Rs 6000.
In the absence of this, your account may freeze. If this happens, you will have to give a penalty of 100 rupees to get your account activated again.
Sukanya Samriddhi Scheme Subscribers
In order to secure the future of daughters, Sukanya Samrudhi Yojana is considered as a better scheme.
The accounts under this scheme are also required to deposit 1,000 rupees once a year at least. If this is not the case, you may have to pay a penalty of 50 rupees.