21 comments

  1. Extending PPF is a really great option. Since PPF is a fixed income instrument one should keep the proceeds from it safe by investing in a similar fund keeping the asset allocation in place.

  2. Dear Sir

    I have Multiple Query:

    1.Like this How many time PPF can be Extended for 5 Year. It is One time or Multiple time.

    2. We need details EPF / Once person left job in india ( Gone abroad) and How many years it yield Interest without closing the EPF account ? What are the possible option to maintain the EPF account without closing the EPF to get the Interest accumulation?

    3. Other than PPF what are the other schemes provide EEE ?

    1. Hello Veera
      1) We can extend for any number of times
      2) Are you referring EPF or PPF? If EPF only, you can continue EPF or withdraw by submitting EPF withdrawl online. Eligible amount is paid back to you after providing valid documents online
      3) EEE options – PPF, EPF (Certain T&C on max limit as per recent guidelines), ULIPs, Insurance Savings plans, Sukanya Samridhi account,

  3. Hi Suresh,

    Just wanted to add a line here, although many people would be aware of it, just wanted to mention that when PPF is matured after 15 years, the maturity process can only be done after the end of the current financial year (Apr 1st onwards). So if anyone has any plans based on the actual date of the maturity, this info will be useful.

    Thanks,

  4. What is the withdrawal procedure of ppf within 15 years and above or how can I withdraw money from PPF from the initial stage at requirments

    1. Subir, The eligible amount of withdrawal depends on the number of years in PPF.
      Within 15 years – From 7th year onwards – 50% of the total amount preceding the 4th year of withdrawal is eligible as partial withdrawal
      After 15 years – 60% of the amount as of the financial year beginning is eligible for withdrawal (with or without extension)

  5. Do I have an option to withdraw funds if I opt for extension after 15 years is completed? Lets assume on 17th year (assuming i continued for 5 years) from date of inception of PPF account I am in urgency of fund and I want to withdraw it. Please respond for 2nd (Continue with investment) and 3rd scenario (continue with no Investment) .

    1. After PPF is extended for 15 years for 5 years, the PPF withdrawal limit is set to 60% of the total available amount at the beginning of the financial year.
      e.g. on 17th year beginning, balance is 1 lakh, 60,000 is eligible to be withdrawn
      e.g. on 18th year beginning, balance is 2 lakh, 120,000 is eligible to be withdrawn

      The above guideline applies for both (with or without investment extension)

Leave a Reply

Your email address will not be published. Required fields are marked *