PPF maturing soon? Why you shouldn't rush to close it

Summary: What should you do after your PPF account matures? Should you close it or extend it? Can you still make deposits? What happens if you forget to inform your bank? Most investors don’t realise that small oversights at this stage can lock them out of key benefits permanently. Find all details below so you don’t miss out on them. After patiently investing for over 15 years, your Public Provident Fund (PPF) account has reached maturity. The natural reaction might be to pull the money out and close it. But that could cost you future gains. Before you act, here’s everything you need to know about what happens after your PPF matures and how to make the smartest next move. First, a quick look at what a PPF account is A PPF account is a long-term, government-backed savings scheme meant for risk-averse investors looking for tax-free, fixed returns.. Maturity: 15 years from the end of the financial year in which the account was opened Contribution limit: Minimum Rs 500 and maximum Rs 1.5 lakh per year Returns: 7.1 per cent per annum (as of July 25, 2025), compounded annually Tax benefits: E

This article was originally published on January 27, 2023, and last updated on July 25, 2025.