Funds Frozen? PPF, NPS, Sukanya Accounts Blocked, Benefits Suspended, Know Reason and How to Activate

Small Investment Options: The 2024–25 fiscal year officially began today. Many PPF Account, NPS Account, and Sukanya Account holders had their accounts blocked at the start of current fiscal year. This indicates that the advantages associated with their account are no longer available as of today. Many users now wonder why their account has become inactive and how to restart it in such a scenario. Let's know.

Inactive Accounts at the End of the Financial Year

The rules state that each of these plan participants' accounts will become inactive at the end of the financial year if they do not deposit the required amount. This indicates that users' accounts who deposited the required minimum over the previous fiscal year have not been inactive.

Conversely, users whose accounts do not have the required minimum amount deposited have had them frozen. Let us inform you that all of the scheme's benefits will cease if the account is frozen. This implies that if there is a tax benefit offered by the plan, it will also end when the account is inactive.

Sukanya Samriddhi Yojana Investment Limits

A maximum of Rs 1.5 lakh can be invested in the Sukanya Samriddhi Yojana every year by investors. They must also invest a minimum of Rs 250 at the same time. The lowest amount that an investor can deposit into an NPS (National Pension System) account is Rs 500.

The maximum amount that can be invested in this programme is unlimited. The minimum investment required by the investor in a PPF (Public Provident Fund) account is Rs 500. A maximum of Rs 1.5 lakh can be invested in this within a financial year.

Reactivate Dormant Accounts

You will need to pay a minimum sum plus a penalty to reactivate your PPF, NPS, or Sukanya account if it has been dormant. There is an annual penalty of Rs 50 for not depositing the minimum amount under these schemes.