Explained – How to revive a PPF account that has expired

We are discussing in this article about how you can revive a discontinued PPF account.

New Delhi: Public Provident Fund (PPF) is a 15-year investment scheme under which an investor enjoys tax exemption at the time of deposit, accrual of interest and withdrawal. Though PPF has a lock-in period of 15 years, you can make extension in a block of 5 years for tenures upto 20, 25 and 30 years. However, for specific reasons, mentioned below, your PPF account can also be discontinued. We have also discussed how you can revive a discontinued PPF account. In any financial year, if you have not made minimum deposit of Rs 500, then your PPF account shall become discontinued. It may also be noted that loan or withdrawal facility is not available on discontinued PPF accounts.