The PPF account holder needs to deposit the minimum amount of Rs 500 every year in the PPF account to keep the account active. If he misses depositing Rs. 500/- in any financial year, his PPF account will become inactive.
Following facilities cannot be availed by the PPF account holder, if his PPF account is inactive:
In order reactivate the inactive PPF account, the PPF account holder has to pay a penalty of Rs. 50/- per year for all those years during which the account was inactive along with the arrears of minimum subscription of Rs. 500/- for each such year.
After the revival of account, the interest will be calculated on the balance held in the account at time of revival.
2018 August 22 is a bank holiday in Andaman And Nicobar Island due to Bakri Id (Id-ul-Zuha)/Karma Puja.
2018 August 23 is a bank holiday in Jammu And Kashmir due to Bakri Id (Id-ul-Zuha).
2018 August 24 is a bank holiday in Kerala due to First Onam.
2018 August 25 is a bank holiday in Kerala due to Thiruvonam.
2018 August 27 is a bank holiday in Kerala due to Sree Narayana Guru Jayanthi.
2018 September 03 is a bank holiday in Andhra Pradesh due to Krishna Jayanthi/Janmashtmi .