1. When your PPF account matures after 15 years, you will have three options to select
2. First, close the PPF account after 15 years. Second, extend the PPF account by 5 years without further contributions. Third, extend the PPF account by 5 years with contributions.
3. Investors can close their PPF account and withdraw the entire corpus at the end of the 15-year term.
4. In case of account closure, the entire money will be transferred to your account.
5. The money and interest received on maturity will be completely tax-free.
6. The PPF account could be extended by five years without further contributions, during which time the corpus will continue to accrue interest. During this extended five-year term, you are not required to make any new contributions.
7. During the five-year period, you can withdraw any amount as partial encashment. However, you can make one such withdrawal each fiscal year.
8. You can extend the PPF account by five years with fresh contributions every year. The annual minimum is Rs 500.
9. If you would want an extension, you must notify the bank or post office since otherwise, it will be considered a PPF extension without your contribution. You won't receive any interest on any deposits you make into the account during this five-year period.
10. In a five-year extension with fresh contributions, you can withdraw a maximum of 60 percent of the account balance that was prevailing at the start of the five-year extension period.