![]() Premature Closure is only permitted after the account or the account of the minor account holder for whom he or she is the guardian has completed five financial years. 500 arrear subscription fee for each year. 50 penalty for each year of non-compliance and a Rs. How can a discontinued account be revived?Ī subscriber who has a discontinued account may reactivate it by paying a Rs. A withdrawal of any amount, in any amount, is permitted once each fiscal year by the subscriber. The interest rate will keep accruing on the balance at the predetermined rates. Without adding any new funds, PPF accounts can be continued after they mature. The subscriber is not permitted to open another PPF account in addition to the one that has been discontinued. In such instances, the subscriber will be unable to get a loan or make a partial withdrawal unless the account is resurrected. If a subscriber fails to pay the minimum subscription fee of Rs 500/- in a fiscal year, the account will be discontinued. ![]() When is PPF account treated as discontinued The account is transferable to and from permitted branches of nationalised or private sector banks or Post Offices by submitting a request letter to the existing accounts office by the PPF A/c Holder. ![]() The account has a 15-year term and can be extended by one or more blocks of five years without penalty if requested in writing within one year of maturity. Spend P2P Data Center Fuel Rates Diesel Rates Petrol Rates Bank Pan Number Bank holidays Penny Stocks MF Ratings & NAV Top Performing Schemes Top Star Rated Schemes Top Tax Saving Schemes Highest Risk Adjusted Return New Fund Offers Forthcoming Dividends NPS Top Performing NPS Scheme Most Consistent NPS schemes ETF Perfomance Latest Prices Listed Bonds Traded in Cash Market ULIPs ULIP Schemes Calculators Recurring Deposit Calculator Fixed Deposit Calculator LTCG Tax Calculator Income Tax Calculator Rent Receipt Generator SIP Calculator IFSC Bank Code NPS Calculator Invoice Generator EPF Calculator House Property Income HRA Calculator Sukanya Samriddhi Calculator Education Loan Calculator Car Loan Calculator Home Loan Calculator Personal Loan Calculator Risk Tolerance Calculator Financial Fitness Calculator Buy Online Health Insurance Car Insurance 2 Wheeler Insurance Interest Rates Recurring Deposit Rates Fixed Deposit Rates Bank Fixed Deposits Rates Post Office Schemes Rates MCLR Loan EMI Participate & Win Stocks & Shares ET Wealth ET Wealth Editions Buy Wealth Magazine ET Wealth Newsletter
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