Keep investing or withdraw funds after PPF account maturity. Find out about the rules

New Delhi. There are many investment options on the market, but even today many people prefer to invest in government programs. If you are looking for a government long-term investment program, the Public Provident Fund is a good option for you. You can invest in this program for 15 years at a time. PPF offers you tax advantages and a safe investment opportunity.

The government created it along the lines of the Provident Fund Scheme, which everyone can invest in, from workers to housewives and children. If you are in business and looking to accumulate retirement savings for your future, the PPF program is a great investment option for you.

Also read this: Keep your National Highway toll receipts safe. These facilities are available to you free of charge. You can use them too

You can also invest after maturity
The Public Provident Fund (PPF) is one of the most popular investment programs. The term is 15 years. However, it’s not like you have to withdraw your money and close the account after 15 years. You can expand it further if necessary. You can renew it indefinitely in 5-5 years. After 15 years, you can renew your account in two ways.

How can I withdraw money from the account after the due date?
You must notify the bank by application that your account is due. In addition, you must submit an application form, an original savings book, and a canceled check. Then, after checking all the bank details, the amount deposited in your PPF account will be transferred to your savings account.

PPF interest rate
The current interest rate on the PPF account is 7.1 percent per annum. A minimum of 500 rupees and a maximum of 1.5 lakh rupees can be deposited in PPF in a financial year. A person can only open one PPF account in their name.

,

Keyword: ppf, PPF account, Public Provident Fund, Sarkari Yojana