The government has relaxed the provisions for account holders of PPF, Sukanya Samriddhi Account (SSA) and Recurring Deposits.
In view of the lockdown in the country due to COVID-19 pandemic, the government has taken some steps for the benefit of post office small savings investors. The government has relaxed the provisions for account holders of PPF, Sukanya Samriddhi Account (SSA) and Recurring Deposits.
The subscribers of PPF and SSA may now deposit their savings up to 30th June 2020, which couldn’t be deposited in FY 2019-20 due to lockdown in the country. The revival fee or penalty charges are waived off on the PPF, SSA and RD accounts in which mandatory minimum deposit in not made up to 31st March, 2020 subject to such deposit are made up to 30th June, 2020.
All those PPF subscribers, whose accounts were matured on 31.03.2020 (including one year window for extension), can now be extended up to 30.06.2020.
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