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PPF: How many times can you get extension of PPF? definitely know these rules

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If you have also invested in PPF and you want to take advantage of this scheme even after maturity, then you can get it extended. Know the rules of PPF extension here.


PPF Extension Rules: Public Provident Fund (PPF) is considered a very good investment option. This is a government scheme on which guaranteed interest is available. Any Indian can invest in this scheme. PPF is a long term scheme, it matures in 15 years and has the benefit of compounding. In such a situation, a good fund can be generated through this.

This is the reason why despite having many investment options, a large section of people prefer to invest in it. At present 7.1 percent interest is being given on PPF. If you are also investing in this scheme and want to avail its benefits for more than 15 years, then you can get this scheme extended. But do you know how many times PPF extension can be done? If you have invested then you must know the answer to this-

Know how many times you can get extensions done

In case of PPF extension, the investor has two types of options – first, account extension with contribution and second, account extension without investment. If you want to get it extended while continuing the contribution, then you can get it done in a block of 5 years. With this, your account gets extended for 5 years at one go. You can get PPF extension done any number of times.

How will the extension be done with contribution?

After 15 years, if you want to continue the PPF account with contribution, then you will have to submit an application to the bank or post office where the account is maintained. You will have to give this application before completion of 1 year from the date of maturity and fill 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 not able to submit this form on time, you will not be able to contribute to your account.

How to get extension without contribution

If you do not want to make any investment in PPF account after 15 years, but want to take advantage of its interest, then you also get this option. For this it is not necessary for you to inform the bank or post office. If you do not withdraw the amount after maturity of 15 years, then this option comes into effect automatically. Its advantage is that whatever amount is deposited in your PPF account, you get interest on it as per the calculation of PPF and tax exemption is also applicable. Apart from this, you can withdraw any amount of money from this account anytime. If you want, you can withdraw the entire money also. In this you get the facility of FD and saving account.

Pravesh Maurya
Pravesh Maurya
Pravesh Maurya, has 5 years of experience in writing Finance Content, Entertainment news, Cricket and more. He has done BA in English. He loves to Play Sports and read books in free time. In case of any complain or feedback, please contact me @ businessleaguein@gmail.com
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