Public Provident Fund (PPF) is one of the most popular small savings scheme (SSS) which offers assured returns without any undue risks. This is preferred scheme among those investors who have a low risk appetite. So, if you suddenly find that your PPF account has expired, then it s a thing to worry about and you should quickly get the renewal done through an application via the relevant form.

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PPF is a government scheme and any resident individual is eligible to buy it. You can open a PPF account in any post office or bank. But, you must also know the important caveats to maximise your gains and ensure a hassle free service. One of the most common problems that the accountholders often encounter is the discontinuation of accounts. Do you know when your account is discontinued? What to do to reinstate it? 

Your PPF account is discontinued when in any financial year, the minimum deposit amount of Rs 500 is not made. In the event of this, the account holder tends to lose withdrawal facility. The accountholders can also no avail loans on their PPF money. This could be a costly blow in the times of financial emergency.    

PPF account renewal - steps to take 

The discontinued account can be revived by the depositor before maturity of the account by depositing the minimum subscription amount of Rs 500 along with a Rs 50 default fee for each defaulted year. 

The total deposit in a year, shall be inclusive of deposits made in respect of years of default of previous financial years. 

See other PPF account related information here: 

  • Minimum deposit Rs 500 in a financial year and maximum deposit is Rs 1.50 lakh in that year. 
  • Maximum limit of Rs 1.50 lakh shall be inclusive of the deposits made in his/her own account and in the account opened on behalf of minor. 
  • Amount can be deposited in any number of installments in a financial year in multiple of Rs 50.

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  •  Account can be opened by cash/cheque and in case of cheque the date of realisation of cheque in government account shall be date of opening of account/subsequent deposit in account.