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Thread: Continue ppf account, after three years?

  1. #1
    PolicyWala Newbie
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    Default Continue ppf account, after three years?

    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?




  2. #2
    PolicyWala Fan Natraj's Avatar
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    You have to pay fine of Rs. 100/- and Rs. 50/- per year. So 100+100 = 200.
    In order to get a Loan, you first need to prove that you don't need it.

  3. #3
    PW Stalwart >take's Avatar
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    Quote Originally Posted by varunuppal View Post
    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.

  4. #4
    PolicyWala Newbie
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    Quote Originally Posted by Natraj View Post
    You have to pay fine of Rs. 100/- and Rs. 50/- per year. So 100+100 = 200.
    Quote Originally Posted by >take View Post
    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?

  5. #5
    PW Fan tigershark's Avatar
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    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).


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