New Delhi, July 8 -- Public Provident Fund (PPF) is a long-term savings scheme with a 15-year lock-in period and attractive features such as tax advantages on investments, interest earnings, maturity proceeds, and a decent interest rate of 7.1% per annum. However, account holders are required to make at least one contribution every financial year to keep the account active.

Many investors may be unaware that failing to deposit the minimum required amount of Rs.500 in a year can make the account inactive, restricting further deposits and access to all the above mentioned account benefits. If your PPF account has lapsed due to non-compliance, it can be reactivated by following a simple prescribed process.

An inactive PPF account continues...