Can I restart a PPF investment ?

POSTED BY 24adithya ON January 3, 2015 9:57 am COMMENTS (4)

Hi,

I had taken a PPF 4 years ago and i have invested around 8,000 INR in it for the first 2 years and for the last 2 years i haven’t invested anything.

I have been following your forum and suggestions closely and i think i should invest regularly in PPF. I wanted to know if there is a way to close the current account or keep it as is and pay minimum to keep is alive and start a new PPF ?

My PPF is with SBI. Please suggest.

 

 

Thanks and Regards,

Adithya

4 replies on this article “Can I restart a PPF investment ?”

  1. 24adithya says:

    Can i close the current PPF account and start a new one ?

    1. No you cant do that !

    2. Hemanth says:

      you cant close this as 15-year lockin is not over. As I said, please pay penalty and make it active and deposit min 500 every FY to keep it active.

  2. Hemanth says:

    A min. deposit of Rs.500 per FY should be there to have the PPF account active. As u have not deposited anything last 2 years, your account might have changed to inactive. Now, you have to make this active do further contributions. To make it active, they charge you around Rs.100 I think. So, after its active, you can use it. No need to open another PPF account. FYI…. it is illegal to have 2 PPF accounts.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Download Our FREE Ebook!

Available only for first 100 people today

Download Our FREE Ebook!

Available only for first 100 people today