So, it becomes important for the PPF account holders to know the options available to them after the 15 years maturity period of PPF account. According to tax and investment experts, a PPF account holder has three options after the maturity of PPF account — PPF balance withdrawal, PPF account extension without investment and PPF account extension with investment option. Speaking on options for PPF account holders after 15 years maturity; Amit Gupta, MD at CAG Infotech — a SEBI registered tax and investment solution company said, "PPF account has maturity period of 15 years and after the maturity period the PPF account holder is given three options — PPF balance withdrawal, PPF account extension without investment and PPF account extension with investment. On PPF account extension SEBI registered tax and investment expert Jitendra Solanki said, "For extension of PPF account after 15 years maturity period, the PPF account holders needs to submit duly filled PPF Extension Form either at bank or at the post office (whichever applicable in the case of one’s PPF account). Solanki said that in case, the PPF account holder wants to continue investing in one's PPF account, then the PPF account holder needs to submit PPF Extension Form.

Source: Mint May 31, 2021 04:41 UTC