Do you know that your PPF account can be extended not just for 15 years but for lifetime? And if extension is done properly, your tax-free interest will also never stop! In this video, we will tell you the Extension Rules of PPF, the right method, and the mistake which can stop your earning. PPF account matures in 15 years and after that there are two ways to increase it: 1- Extension by Contributing (block of 5 years) If even after maturity you want to deposit money every year, then you will have to extend PPF in a block of 5 years by giving a written application. With this, both your 7.1% interest and tax benefits continue. 2- Auto Extension (without deposit) If you do not do anything after maturity, then PPF gets extended automatically. In this, you can withdraw money once every year, but if you do not make any deposit for a year, then you will never be able to make it a deposit account later. The most important thing – you can increase PPF unlimited times, in blocks of 5-5 years! Just remember to submit the Extension Form within 12 months of maturity.
