What happens if I miss a PPF payment in a year?

If you miss the PPF account minimum annual deposit requirement of Rs. 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.

How can I reactivate my PPF account?

To activate an inactive PPF account, the responsible account holder will have to submit a written application to the concerned bank or post office. 10. The application for reactivating a PPF account must be submitted at any time throughout the account’s or scheme’s 15-year tenure.

Can I revive my PPF account online?

If the PPF account has become inactive, you will have to submit a written application to the bank or post office where it is open to revive it. You will then have to provide an application to the bank or post office to get your account started.

How can I revive a discontinued PPF account?

A discontinued PPF account cannot be closed before its maturity period of 15 years but if you want to revive it, the process is very simple. The discontinued PPF account can easily be revived by writing an application for the revival to the bank or post office where it was opened.

What will happens if I missed my PPF installment?

On how to activate an inoperative PPF account SEBI registered tax and investment expert Jitendra Solanki said, “To activate an inoperative PPF account, one needs to deposit ₹500 for each non-deposit years and a penalty of ₹50 for each such years.” That means if a PPF account holder has not deposited ₹500 in one’s PPF …

How can I check my old PPF account?

Offline method: Visit the nearest bank branch at which you have opened PPF account. Online method: By logging in to your bank account you will have access to all the details. The present balance, the interest that has been earned, and the deposits that have been made can be checked by using net banking.