WebJan 11, 2024 · One can reactivate the account by following the steps mentioned below. Getty Images 3 /7 Written application To revive the inactive PPF account, the account holder needs to submit a written request to the bank or the post office branch where the account is present. The application can be made any time during the 15 year tenure of the account. WebJun 21, 2024 · If you miss the PPF account minimum annual deposit requirement of Rs. 500 altogether it will lead to account deactivation. In such cases, you can reactivate the account by paying a penalty of Rs. 50 plus Rs. 500 for each year you have missed the minimum PPF payment amount requirement.
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WebApr 14, 2024 · PPF account holders can deposit a maximum of Rs. 1.5 lacs (including those accounts where they are the guardian) per financial year. ... To reactivate the account, the bearer must pay a penalty of Rs. 50 for each inactive year and deposit Rs. 500 for each inactive year’s contribution. WebTo revive/reactivate a discontinued PPF account, you need to pay minimum deposit of Rs. 500 with default fee of Rs. 50 for each defaulted year. Johnson. Sharing my knowledge … population foster county nd
How to reactivate an inactive or dormant Savings Account
WebSep 2, 2024 · To reactivate an inactive PPF account, depositors must make a minimum deposit and pay the penalty for late payments. For each financial year during which the account was dormant, account holders must deposit a minimum of Rs 500. In addition, for each financial year in which the account was inactive, a penalty of Rs 50 will be applied. … WebApr 27, 2024 · On how to activate an inoperative PPF account SEBI registered tax and investment expert Jitendra Solanki said, "To activate an inoperative PPF account, one … WebJan 3, 2024 · How to revive a dormant public provident fund account Mint Get Mint Premium at just ₹2949 Gainers & Losers Tue Apr 11 2024 15:44:05 1.42% Track your … population frame and sample size