Wednesday, September 28, 2022
HomeFinanceHow to make a closed account of PPF operational, this process is...

How to make a closed account of PPF operational, this process is very easy

Public Provident Fund (PPF) is one of the most popular investments in India. One can invest in PPF for a tenure of 15 years.

The depositor has to deposit a minimum of Rs 500 in the financial year to keep the account current. The account becomes inactive if it is not submitted on time. Actually, due to the central government’s scheme, it gives guaranteed returns. Which is higher than the returns on other low risk products. In PPF, an investor can invest up to Rs 1.50 lakh in his account. If a person’s PPF account has become inactive, he can restart it.

When can a PPF account be inactive?

PPF account is considered ‘inactive’ if the minimum amount is not deposited Rs 500 in every financial year. If the account becomes inactive then know how to start it.

Also Read: Can You Operate Two PPF Accounts? Check Terms & Conditions Here

Submit written application

To resume a dormant PPF account, the account holder has to make a written request to the bank or branch of the post office where you opened the account. Applications can be made at any time during the 15-year period of the account.

Minimum deposit with fine

The investor will have to deposit a minimum of Rs 500 for each financial year in case the account becomes inactive. Along with this, a penalty of Rs 50 will have to be paid for each financial year in which the account was inactive. The check has to be deposited with the bank branch along with the application.


After submitting your application, your bank or post office will check the application to see if the 15-year period has passed. On successful verification your PPF account will be started. However, if the 15-year tenure has expired, the account cannot be resumed.


Parvesh Maurya
Parvesh Maurya
Parvesh Maurya, has 5 years of experience in writing Finance Content, Entertainment news, Cricket and more. He has done BA in English. He loves to Play Sports and read books in free time. In case of any complain or feedback, please contact me @
- Advertisment -

Most Popular

Recent Comments