How to Revive a Dormant PPF Account

1. Submitting a written request at the post office or bank branch where the account is based.
2. Pay the minimum yearly deposit amount of Rs.500 for each year the account has been inactive.
3. Pay a fine of Rs.50 for each year the account has been inactive.
4. Visit the branch of PPF account once more to complete the verification process.

On completing the formalities, your account will get activated at the earliest. You are also required to reactivate an account that has matured while being inactive by completing the process detailed above. The proceeds of the account will be blocked until the account gets reinstated.

Example

Suppose you have completed the 10th year of your PPF tenure. You deposited Rs.500+ every year for the first 7 years and were not able to make deposits for any reason in the last 3 years. To revive the account, you will have to pay:

1. Rs.500x3 = Rs.1,500 as arrears for each fiscal
2. Rs.50x3 = Rs.150 as penalty for each fiscal

In addition, you will be required to make the minimum deposit of Rs.500 for the new fiscal, i.e. 11th year of the PPF tenure