PPF Extension Rules: How many times can you extend PPF after maturity?

PPF Account Extension Rules: PPF or Public Provident Fund is a government scheme. It is giving 7.1% interest. This scheme matures in 15 years. This scheme is considered very good in terms of collecting money in the long term. Due to this, many people have wanted to run this scheme for more than 15 years. For this, the option of a PPF extension is available. PPF extension is done for 5 years at a time. But how many times can this extension be done? Many people are not aware of this. Know about this here.

Extension is done in two ways.

In the case of PPF extension, the investor has two types of options - first, account extension with contribution, and second, account extension without contribution. If you do not withdraw the amount after the maturity of 15 years, then your account gets extended automatically. The advantage of this is that whatever amount is deposited in your PPF account, you keep getting interest on it as per the calculation of PPF and tax exemption also remains applicable. Apart from this, you can withdraw any amount from this account anytime. If you want, you can even withdraw the entire amount.

When does the extension happen in a block of 5 years?

If you want to deposit a large amount through PPF, then, an account extension will have to be done along with the contribution. Extension with contribution is done for 5 years at a time. As many times as you get it extended, it will be extended in a block of 5 years.

How many times can you get the extension done?

You can get the PPF account extended as many times as you want according to your needs. There is no limit to this at present. To extend the account with contribution, you will have to apply to the bank or post office where the account is held. You will have to submit this application before the completion of 1 year from the date of maturity and will have to fill out a form for extension. The form will be submitted in the same post office/bank branch where the PPF account has been opened. If you are unable to submit this form on time, then you will not be able to contribute to the account.

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