PPF Account: The maturity period of the PPF account is 15 years and after its completion, the account holders are given the opportunity to extend it in a sequence of five years each. Let us know whether this will be the right decision.
PPF ie Public Provident Fund is a safe savings scheme run by the Central Government. It is completely tax free and there is no risk of sinking your money.
PPF is an EEE category scheme. This means you can claim tax exemption of up to Rs 1.50 lakh in a year in your income tax by investing in it.
What is the maturity period in PPF?
PPF has a maturity period of 15 years. That is, once you invest, you will be able to withdraw it only after at least 15 years. At present, it is getting 7.10 percent interest.
Is it safe to invest in PPF after maturity?
After the maturity of 15 in PPF, the account holder can increase the maturity of his PPF any number of times in a period of five years. However, once the PPF account completes 15 years, you can withdraw 60 per cent of your deposits for an additional period.
If you do not need money and want to invest in safe investments, then investing in PPF after maturity is a good way.
How to extend the maturity period of PPF account?
To extend the period of PPF account after maturity , you have to submit Form H, where you have opened your (Bank and Post Office) PPF account.
How can I get more interest on PPF?
To get higher interest on PPF, investors should invest before 4th of every month. With this, the investor will get maximum benefit on the investment made on his behalf.
