Continuity of PPF account after maturity

PPF after maturityAt the subscriber's option, the scheme may be continued for another 5 years after maturity. This facility can be availed for further period of 5 years on the expiry of 20th years and yet another 5 years on the expiry of 25 years and so on. The option should be exercised within 1 year after expiry of 15 years or the extended block period by applying in Form H.

Subscribers who continue their account after 15 years, with fresh subscription, can make one withdrawal per year subject to the condition that the total of the withdrawals during a block period shall not exceed 60 percent of the balance to their credit at the commencement of the extended period.




Author: admin

admin