Published: 21st March 2024
Yes, you can earn tax-free returns even after the PPF account has matured. (A PPF account has a lock-in period of 15 years).
You’ll earn tax-free interest till the previous month from the time you close your account. So, if you decide to close it in Mar’ 2026, you’ll get returns till Feb’ 2026.
No, you can’t do that if your account has matured. You’ll have to start a fresh PPF account.
There is. You’ll need to inform your bank or post office to extend the PPF account for a block of five years within a year of its maturity.
Extend the matured PPF account by opting for the ‘With deposit’ option.
While you can make fresh deposits, you can withdraw money just once a year. Also, the total withdrawal can’t exceed 60% of the balance at the start of the five-year period.