Today we will tell you about the rules for extending the PPF scheme. We will tell you how many times the PPF scheme can be extended. Apart from this, how to apply for it.
PPF i.e. Public Provident Fund is a very popular scheme among the people. This is a government scheme, in which people can earn very good profits by investing their money. If you invest in this scheme for a long time, then you can collect a very good fund in a few years. The amount deposited in the PPF scheme gives a return of 7.1 percent interest rate. At the same time, the maturity period of the PPF scheme is 15 years, after which you can extend the PPF scheme further if you want.
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Today we will tell you about the rules for extending the PPF scheme. We will tell you how many times the PPF scheme can be extended. Apart from this, how to apply for it.
PPF Scheme Extension
You can extend the PPF scheme after 15 years. Once extended, this scheme will be extended for a full 5 years. For this you have two options. In the first method, you can get the account extended with contribution. In the second method, you can get the account extended without contribution.
Apply 1 year in advance.
How many times can you get the extension done in the PPF scheme? There is no limit to this. To get the extension of the PPF account, you have to give an application. You have to submit this application 1 year before the date of maturity.