March 31 deadline for NPS, PPF and SSY deposits
As the fiscal year ends on March 31 of each year, subscribers of schemes such as Public Provident Fund (PPF), Sukanya Samriddhi Account (SSY) and National Pension System (NPS) must ensure that all deadline-bound compliances and investments are completed before the end of the financial year. Since these schemes also provide tax benefits, it is necessary for NPS, PPF and SSY subscribers to deposit a minimum amount in their respective accounts to avoid the account becoming inactive.
If you have not deposited the minimum deposit amounts to your PPF, NPS or SSY accounts for the current financial year, you must do so latest by March 31, 2026.
Given below are the minimum contributions you need to make in tax-saving schemes such as PPF, NPS and SSY.
Public Provident Fund (PPF)
A minimum deposit of Rs 500 must be made in a PPF account every financial year. If the minimum deposit is not made in the account, then the PPF account will become inactive.
Once the PPF account becomes inactive, then loan and withdrawal facilities are not available to the account holders. The PPF account provides loan facility from the third year onwards.
The inactive PPF account can be revived by the depositor before maturity. A default fee of Rs 50 is levied for each year of default.
Hence for every year of default, when no deposit is made, a PPF account holder is required to pay Rs 550 to make the PPF account active again.
Sukanya Samriddhi Yojana (SSY)
SSY scheme rules require an account holder (an investor in the scheme) to deposit a minimum of Rs 250 every financial year. This is another tax-saving investment option under the old tax regime for those who want to save for their girl child.
If the minimum deposit of Rs 250 in a financial year is not made in the account, then the SSY account will be treated as a defaulted account. An individual will be required to pay Rs 50 as a default fee for each defaulted year. Along with the default fee, an individual will be required to deposit the minimum contribution of Rs 250 for each defaulted year.
National Pension System (NPS)
Many individuals opt for an NPS account to save tax under the old and new tax regimes, respectively. In the old tax regime, NPS account holders can get up to Rs 1.5 lakh tax benefit on deposits under Section 80C of the Income Tax Act, 1961. They can also get an additional Rs 50,000 tax benefit on NPS deposit under section 80CCD(1B) of the Income Tax Act. In the new tax regime, tax benefit is on the employer NPS contribution of an employee. It can be a maximum of 14% of the basic pay and dearness allowance (DA) of an employee. The NPS scheme rules require an individual to deposit a minimum of Rs 1,000 per financial year.
March 31 deadline for NPS, PPF and SSY deposits
If you have not deposited the minimum deposit amounts to your PPF, NPS or SSY accounts for the current financial year, you must do so latest by March 31, 2026.
Given below are the minimum contributions you need to make in tax-saving schemes such as PPF, NPS and SSY.
Public Provident Fund (PPF)
A minimum deposit of Rs 500 must be made in a PPF account every financial year. If the minimum deposit is not made in the account, then the PPF account will become inactive.
The inactive PPF account can be revived by the depositor before maturity. A default fee of Rs 50 is levied for each year of default.
Hence for every year of default, when no deposit is made, a PPF account holder is required to pay Rs 550 to make the PPF account active again.
Sukanya Samriddhi Yojana (SSY)
SSY scheme rules require an account holder (an investor in the scheme) to deposit a minimum of Rs 250 every financial year. This is another tax-saving investment option under the old tax regime for those who want to save for their girl child.
If the minimum deposit of Rs 250 in a financial year is not made in the account, then the SSY account will be treated as a defaulted account. An individual will be required to pay Rs 50 as a default fee for each defaulted year. Along with the default fee, an individual will be required to deposit the minimum contribution of Rs 250 for each defaulted year.
National Pension System (NPS)
Many individuals opt for an NPS account to save tax under the old and new tax regimes, respectively. In the old tax regime, NPS account holders can get up to Rs 1.5 lakh tax benefit on deposits under Section 80C of the Income Tax Act, 1961. They can also get an additional Rs 50,000 tax benefit on NPS deposit under section 80CCD(1B) of the Income Tax Act. In the new tax regime, tax benefit is on the employer NPS contribution of an employee. It can be a maximum of 14% of the basic pay and dearness allowance (DA) of an employee. The NPS scheme rules require an individual to deposit a minimum of Rs 1,000 per financial year.
March 31 deadline for NPS, PPF and SSY deposits
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