Updated on October 4, 2023
The maturity period of a PPF account refers to the time at which your investment in the PPF will come to an end and the money can be fully withdrawn. The maturity period of a PPF is 15 years from the end of the financial year in which the initial deposit was made. However, if you wish, you can extend the maturity period for a block of 5 years with or without making further contributions.
What happens after maturity period is over in PPF
After the completion of the maturity period, you have three options:
Complete withdrawal: You can withdraw the entire balance including the interest accrued.
Extension without Contribution: You can extend the account without further contributions. The account continues to earn interest.
Extension with Contribution: You can extend the account for another block of 5 years with continued contributions, and it will keep earning interest at the prescribed rate.
These extensions can be done indefinitely in blocks of 5 years The flexibility offered at maturity makes PPF a versatile savings instrument catering to various financial needs and life stages.