Is your PPF account discontinued because you forgot to make the minimum deposit of Rs 500? Don’t worry! In this video, we will explain to you in simple language how a closed PPF account can be reactivated in just a few steps. When PPF is closed, you suffer many big losses – Loan and Partial Withdrawal stops, only basic interest is given on maturity, entire tax benefit of Section 80C ends but the good thing is that reviving PPF is very easy and cheap. All you have to do is follow these steps: 1 Go to the bank or post office where the account was opened 2 Fill the Revival Form 3 Deposit Rs 500 for every year the account remained closed 4 Add only ₹ 50 penalty every year 5 Submit Form + Payment Slip + Passbook 6 Get the Passbook updated—and PPF is back on! There is no time limit to revive PPF, just do it before maturity. After becoming active, you will again start getting tax benefits, high returns and all PPF facilities.
PPF account closed? Restart it like this for just ₹1650. Get Tax Benefits Again! , Money Live , PPF Account Closed? Reactivate it for just ₹1650 , Get Tax Benefits Again!
