What happens to PPF account after 15 years?

Investments
1

Hello everyone, i wanted to know what happens to PPF account after 15 years?

2

I had the same question when one of my family member’s PPF account completed 15 years. Well, at that time you have a few options available.

  1. You can withdraw the whole balance with interest and close the account.

  2. If you don’t want to close it, you can extend the account in blocks of 5 years. While extending, you get two options:

  • It means you can continue without making fresh deposits (your balance will keep earning interest).

  • It means you can continue with deposits (you can keep investing and claiming tax benefits under the old regime).

So, after 15 years, you don’t lose your money at all. You just decide whether to take it out or let it keep growing.