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EXTENSION OF PPF ACCOUNT
Bengaluru CA used to earn Rs 13.5 LPA at 22. But she made one financial mistake for 3 years. She shares her hard-earned lesson at 30A Bengaluru Chartered Accountant, Meenal Goel, realized her biggest financial mistake was letting her savings sit idle for years. Despite a...
How can you make Rs 1 crore retirement corpus from PPF investment?The PPF maturity period is 15 years, after which, you can continue your PPF account with or without contributions. PPF provides a 7.1% inte...
Public Provident Fund: Has the interest rate for July-September 2025 been revised?PPF offers tax benefits under Section 80C, with interest and maturity amounts being tax-free. Resident individuals can open a PPF account w...
Latest PPF interest rate in 2025: What is the Public Provident Fund interest rate for January – March 2025?PPF interest rate in 2025: One of the popular schemes under small savings schemes is Public Provident Fund (PPF) which is a long-term savin...
Irregular PPF accounts: New rules from Oct 1, 2024 for regularisation of 3 types of irregular Public Provident Fund accountsOn August 21, 2024, the ministry released a circular that established the procedures for handling the regularization of unlawfully opened a...
How to extend PPF account after it matures; three options to considerPPF account matures after 15-year lock-in term. But what about once it reaches maturity? What choices are available to you if you wish to k...
Why all fathers' must open a PPF account for their kidsOnce your kid has become an adult and the PPF account has completed its mandatory lock-in period of 15 years, he/she can decide whether to ...
What to do with PPF account after it completes 15 yearsPPF is one of the most preferred investment options due to its tax-exempt status. However, once the PPF account complete its 15 years, an a...
PPF scheme: Here are 10 things you should knowPublic Provident Fund, commonly known as PPF, is a fixed income investment product that is used for tax-saving purposes by individuals. Tho...
How to open PPF account online with HDFC Bank?To open a PPF account, you no longer need to go to the post office or bank. This can also be done online. Various banks allow customers to ...
Can I split PPF investment money between my account and my minor son's account?Under the PPF Scheme, 2019, Rule-3 sets the limits on the number of accounts which an individual can open. The rule allows opening of one’s...
How to deal with your PPF account on maturityYou can get the maturity proceeds transferred to your savings account by submitting an application to the bank or post office in the prescr...
How to extend PPF account after it maturesAlthough Public Provident Fund has a lock-in period of 15 years you have the option to take a loan against it or make partial withdrawals d...
Things you should know when your PPF maturesCompletion of 15 years of the account takes place from 1 April of the year following the date of opening of the account.
Small savings rate cut: Should you close your PPF account?The PPF rate is down and could dip further as interest rates are cut. If your account is about to complete 15 years, here’s what you should...
Why extending your PPF account makes senseOnce the account has been classified as "extended without any further contribution" you cannot make any fresh contribution for next five ye...
Why PPF is not an attractive investment option for NRIsFirstly as an NRI you cannot open PPF account. Secondly, if you live in US or UK, you will have to pay tax there on your PPF earnings.
- Banks asked to close 15-yr old PPF a/c of HUFs
The HUFs henceforth will not be allowed keep their accounts functional for the extended period of five years after completion of 15 years.
- HUFs will have to leave PPF after 15 years
The move is aimed at checking misuse as several people were investing in PPF to earn 8% tax-free return as an individual as well as an HUF,...
- Investing in PPF? Take right steps
Investors need to rethink their strategy for investing in PPF with rising interest rates & a change in tax rules.