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A PPF account where no subscription has been made in a year is treated as discontinued?

April 26, 2017account discontinued PPF subscription treated year

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A PPF account where no subscription has been made in a year is treated as discontinued?

1 Answer

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Ans : A subscriber can deposit the minimum subscription of Rs.500/- + default fee of Rs.50/- for each year of default subject to the condition that the total deposit during the year in which defaulted subscription is deposited should not exceed the maximum deposit ceiling of Rs.70,000/- and it is not treated as discontinued.