PPF : Maturity Date , Extension Period , Loan Amount , Withdrawal Amount , Taxability of Interest from Public Provident Fund
Friends, A person who has PPF account should read this article. Even I had also opened PPF account 15 years ago, but was not aware about the date of Maturity of PPF account till date. I mean to say I had opened my account on 19-10-1999 and was in view that my account will be closed after 15 years which will be 19-10.2014. I was happy to get maturity amount but bank has told me that maturity date of your PPF account is 31.03.2015. It was shocked information for me. Therefore I request from all PPF account holders to read the below article to know regarding Maturity Date , Extension Period , Loan Amount , Withdrawal Amount or Taxability of Interest from Public Provident Fund account.
Some General Questions regarding PPF
- PPF account can not be extended after 15 years completion (maturity) .
- PPF account can be extended for 5 years after 15 year completion (maturity) Maximum period can be 15 years.
- PPF account can be extended after 15 years period (maturity) for block of 5 years at a time ,as many times as you want.
"....any time after the expiry of 15 years from the end of the year in which the initial subscription was made by him "