TIWN
New Delhi, April 12 (TIWN) The government on Saturday further relaxed regulatory provisions to operate small savings schemes, allowing Public Provident Fund (PPF) and Sukanya Samriddhi Account (SSA) holders to complete their deposits for FY20 till June 30, 2020.
The three-month extension would be subject to the account holders making one deposit while sticking to maximum deposit ceiling prescribed for the two schemes. The extension has been allowed to safeguard the interest of small savings depositors in view of the lockdown in the country due to coronavirus scare. The PPF and SSA depositors will have to give an undertaking that while making deposits into their respective accounts during the extended period, they will not breach the annual ceiling kept for the schemes.
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