How to extend a PPF account in SBI online? Follow these steps

To apply for a Public Provident Fund (PPF) account, customers need to fill out Form 1 and submit it along with the necessary documents at any SBI branch across the country. The account can be opened at any branch of SBI Bank. For customers with Internet Banking (INB) access, the option to open the PPF account online is also available.

The following documents are required to open the PPF account:
(i) PPF account opening form (Form 1)
(ii) Nomination Form
(iii) Passport-size photograph
(iv) Copy of PAN Card/ Form 60-61
(v) Copy of Aadhaar / Aadhaar Enrolment Number

The account holder, on the expiry of 15 years from the end of the financial year in which the account was opened, may extend his account and continue to make deposits for a further block period of 5 years by applying via Form-4.
The option of extension of the account shall be made by the account holder before the expiry of one year from the maturity of the account. Only those PPF accounts which got matured with regular subscription or which have been regularised before maturity are eligible for further extension.

No. Extension of a PPF account is not allowed before it reaches maturity. After the account matures, the customer can apply for an extension by submitting Form 4 at their branch within one year of the maturity date. This form also includes a declaration confirming that the individual is not a Non-Resident Indian (NRI) as of the maturity date.

Yes, the customer can make 1 withdrawal each year after completion of 5 financial years (i.e., from the beginning of the 6th FY). The amount of withdrawal cannot exceed:
(i)50% of the balance at the end of the 4th immediately preceding year, or
(ii)50% of the balance at the end of the immediately preceding year, whichever is lower.
Further, the amount of withdrawal gets reduced by the outstanding loan amount, if any.