Public Provident Fund (PPF) and Sukanya Samriddhi Yojana (SSY) are popular investment schemes. Both these schemes not only give good interest but also provide tax exemption. Currently, 7.1 percent interest is being given to PPF. Sukanya Samriddhi Yojana account can be opened only in the name of a girl below 10 years of age by the parents or legal guardian. In both these schemes, it is necessary to deposit a minimum amount in a financial year. Therefore, if you do not make the minimum investment in both these schemes by March 31, then your accounts may become inactive (closed) and you may have to pay a penalty to start them again.

Public Provident Fund (PPF) The minimum deposit for those holding a PPF account is Rs 500, which means you have to invest at least Rs 500 in it in a financial year. If you do not do this, your account may be closed. If you do not deposit this money, you will have to pay a fine of Rs 50. Therefore, if you want to keep the account running and avoid penalty, then deposit the minimum required amount before March 31, 2025.

Rules for SSY account

The minimum deposit amount in Sukanya Samriddhi Yojana is also Rs 250 per financial year. Currently, 8.2% interest is being given in this scheme. If it is not deposited in the financial year, the account may be closed. An additional fee of Rs 50 will have to be paid for not depositing the amount on time. The SSY account remains valid for 21 years or when the girl gets married after the age of 18, then it can be closed. However, partial withdrawal is allowed for higher education after the daughter completes 18 years of age.

Benefit of tax exemption
Investing in both PPF and SSY schemes provides the benefit of tax exemption under section 80C of the Income Tax Act. Under this, tax can be saved on annual investment up to Rs 1.5 lakh.

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