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varunuppal
22-05-2010, 12:39 AM
I have opened account in the year 2006. Due to change in the job, I am not able to deposit any amount. So now it is 3 years, I have not deposited any money. How much amount I need to deposit If I want to continue ppf account?

Natraj
22-05-2010, 02:48 AM
You have to pay fine of Rs. 100/- and Rs. 50/- per year. So 100+100 = 200.

>take
22-05-2010, 12:34 PM
I have opened account in the year 2006. Due to change in the job, I am not able to deposit any amount. So now it is 3 years, I have not deposited any money. How much amount I need to deposit If I want to continue ppf account? Pay penalty of Rs 50 and subscription of Rs.500 for each year of default and the account will be regularised.

varunuppal
22-05-2010, 03:07 PM
You have to pay fine of Rs. 100/- and Rs. 50/- per year. So 100+100 = 200.


Pay penalty of Rs 50 and subscription of Rs.500 for each year of default and the account will be regularised.
Thanks for replying my query! But both the answers contradicting in amount?

tigershark
22-05-2010, 06:02 PM
It is possible to revive the PPF by contributing Rs 500 with a penalty of Rs 50 per year. Just to keep in mind, that the above fee does not attract any rebate (or interest).