PPF Withdrawal Options After Maturity

You must already know that the maturity period of a PPF account is 15 years (although it turns out to be 16 years in reality). However, what happens after that?

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Once your PPF account is matured, you are left with three options. These are:

1. Closing your PPF Account

   This is the most direct, common, and natural option to go for. You complete your 15-year period and finally close your PPF account to earn the entire principal amount invested along with the accumulated interest.

2. Extending PPF Account Without Further Contribution

   If you don’t want to withdraw your PPF funds then you can leave them in your account and they will continue to earn interest. However, you can’t make any further contribution to this account by adding more funds even though you can withdraw as much amount as you want from the account (30%, 50%, 90%, etc.). Also, you cannot open another PPF account without closing this one first.

   It’s important to note that if you don’t take any action within one year after your account has matured then the “Extending PPF Account Without Further Contribution” option is activated automatically.

3. Extending PPF Account with Further Contribution

   If you want to contribute to your PPF account even after it has matured, then you can do so by filling out and submitting Form H to the post office or the bank where your PPF account is held. Doing the same allows you to extend it for a block of 5 years.

Note that once you have extended your subscription, you can only withdraw a maximum of 60% of your entire PPF amount within the 5 years block. However, you are free to extend your PPF subscription for another 5 years after this period has expired and repeat the same as many times as you like, thus extending it by 5 years every time.