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.
2017 June 09 is a bank holiday in Sikkim due to Saga Dawa.
2017 June 15 is a bank holiday in Mizoram due to Y.M.A Day/Raja Sankranti.
2017 June 22 is a bank holiday in Jammu And Kashmir due to Shab-I-Qadr.
2017 June 23 is a bank holiday in Jammu And Kashmir due to Jumat-ul-Veda.