Relaxation of provisions for Small Savings Account holders of PPF, Sukanya Samriddhi Account (SSA) and RD. Extension of dates
The Ministry of Finance has relaxed the regulatory provisions to operate the Small Savings Schemes to safeguard the interests of small savings depositors in view of the lockdown in the Country due to COVID-19 pandemic.
The following relaxations shall become operative with immediate effect:
Relaxation of provisions for Small Savings Schemes Account
1. The subscribers of Public Provident Fund (PPF) and Sukanya Samriddhi Account (SSA) may now deposit their savings upto 30th June, 2020, which couldn’t be deposited in FY 2019-20 due to lockdown in the country.
2. The revival fee/ penalty charges are waived of on the PPF, SSA/ RD accounts in which mandatory minimum deposit in not made upto 31st March, 2020 subject to such deposit are made upto 30th June, 2020
3. All those PPF subscribers, whose accounts were matured on 31.03.2020 (including one year window for extension), can now be extended upto 30.06.2020.
Download Relaxation Guidelines Click Here >>
- FAQs – Master Direction on Credit Card and Debit Card – Issuance and Conduct Directions, 2022
- Extension of applicability of Peer Review Mandate for CA Firms under Phase II & III
- Disallowance for delayed deposit of PF/ESI prior to SC judgment deleted by ITAT
- No pre-deposit required u/s 249(4)(b) before appeal in case of no admitted or undisputed tax
- Excel Form 10E-Salary Arrears Relief calculator for AY 2024-25 for claiming rebate u/s 89(1)