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Thread: What to do with my PPF account, completed 20 years with it?

  1. #1
    NewBie
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    Question What to do with my PPF account, completed 20 years with it?

    I have completed 20 years of my PPF account (20=15+5; with one extension of 5 years). Now I still want to continue investing in PPF. Please suggest if –
    1- Can I extend my old PPF account to another 5 years?
    2- Or do I need to close my existing PPF account and open another PPF account for 15 years?

    3- Am I eligible to open another PPF account (after closer of first one)?



  2. #2
    PW Stalwart Master's Avatar
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    Default

    Quote Originally Posted by Aansh View Post
    I have completed 20 years of my PPF account (20=15+5; with one extension of 5 years). Now I still want to continue investing in PPF. Please suggest if –
    1- Can I extend my old PPF account to another 5 years?
    Yes, You can. After the PPF account has been in operation for 15 years, it can be extended for a duration of 5 years at a time. This extension can be taken any number of times and there is no limit on how many times a person takes this extension.
    2- Or do I need to close my existing PPF account and open another PPF account for 15 years?
    Answered above
    3- Am I eligible to open another PPF account (after closer of first one)?
    I think you can, but I am not sure. That you can you open another PPF account after closer of first one.

  3. #3
    NewBie
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    Default

    Thanks Master for your quick reply.


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