Financial Deadline: Be careful, if this work is not done till 31st March, PPF, NPS and Sukanya accounts may be closed.

News India Live, Digital Desk: For most government savings schemes in India, the calculation is done on the basis of financial year (April 1 to March 31). If you have not made the minimum mandatory contribution in your accounts in the current financial year (2025-26), your account will fall into ‘Default’ category.Minimum Deposit Rules for Major SchemesSavings SchemeWhat will happen in case of default?Public Provident Fund (PPF)₹500The account will become ‘Inoperative’. Loan and withdrawal facility will be stopped. Sukanya Samriddhi (SSY)₹250 account will be considered as ‘Default’. There will be no reduction in the interest rate, but operations will stop. National Pension System (NPS)₹1,000 (Tier-1)Your PRAN account will be ‘Freeze’. Tier-2 account may also be affected. Disadvantages of account being ‘inactive’ Loss of tax benefits: You will not be able to avail the exemption under Section 80C of Income Tax (in the old tax regime). Ban on loans and withdrawals: Partial withdrawal and loan facilities available in accounts like PPF will not be available unless the account is active. Penalty: To reopen the account, you will have to pay a penalty along with the outstanding amount. How to reopen a dormant account do? (How to Reactivate)If you miss the March 31 deadline, you need to follow the following procedure:For PPF: Minimum amount of ₹500 per year + penalty of ₹50 per year.For SSY: Minimum amount of ₹250 + penalty of ₹50 per year.For NPS: Outstanding contribution of ₹1,000 + penalty of ₹100. For this, you may have to give a written request to your respective bank or POP (Point of Presence). Avoid last minute rush. There is a risk of online transaction failure due to increased load on the server on March 31 or bank holidays. Therefore, it is advised to pay all your required deposits online or through check by 25th March.