Public Provident Fund: If people who believe in safe investment want to make good money in the long term, then PPF is a great scheme for them. In this scheme, an annual investment of Rs 500 to Rs 1.5 lakh can be made. You can invest in it according to your capacity. PPF matures in 15 years. At present, this scheme is getting interest at the rate of 7.1%.

Apart from this, this scheme is going to save tax in three ways. In this, you can save income tax in all three - investment, interest/return, and maturity. Due to all these features, this scheme is very much liked. But there is also such information related to this scheme, which you may not know. Know about it here-

Even if you do not withdraw money after maturity, you will get interest.

PPF scheme matures in 15 years. But if you are unable to withdraw money from this account even after maturity, then do not worry. Even in this situation, your money remains completely safe. Not only this, you also get the benefit of interest from the government on that deposited amount. This interest is given according to the calculation of PPF, while tax exemption also remains applicable.

In this situation, investors can withdraw money from their accounts whenever they want. If they want, they can withdraw the entire amount and if they want to take advantage of interest rates in the future, then they can withdraw some money according to their need and let the rest remain deposited in the account. You will continue to get the benefit of interest rates on the deposited amount.

You can also do an extension with a contribution.

If you want to take advantage of PPF interest rates and want to create a big corpus from this scheme, then you can extend the account while continuing the contribution to the scheme. You can get this extension done as many times as you want. PPF account extension is done in blocks of 5 years each. This means that once you extend it, it will be extended for 5 years straight.

What is the method of extension?

If you want to extend PPF while maintaining contribution, then you will have to submit an application to the bank or post office where you have an account. You will have to submit this application before the completion of 1 year from the date of maturity and you will have to fill out a form for extension. The form will be submitted to the same post office/bank branch where the PPF account has been opened.