Big news on PPF Account Maturity! PPF account has reached maturity, therefore take care of this first. See more here

Big news on PPF Account Maturity! PPF account has reached maturity, therefore take care of this first. See more here

Big news on PPF Account Maturity! PPF account has reached maturity, therefore take care of this first. See more here

PPF Account Maturity: You have the option to choose alternative uses of your PPF funds. You may take actions that can boost your income and provide additional advantages.

PPF Account Maturity: One of the greatest retirement fund plans is the Public Provident Fund, or PPF account. PPF may be the ideal option for you if you want to save money over the long run and desire a tax-saving plan. Based on this, you may save Rs 1.5 lakh per year under Income Tax Act Section 80C. Additionally, you have the option of partial withdrawal on this.

Guidelines for PPF investments

You must deposit at least Rs 500 into this account each year, and you may invest up to Rs 1.5 lakh yearly, either in one lump payment or over time in many installments. You get a 7.1% yearly return on your investment. The maturity period for this account is fifteen years. You must spend for at least 15 years in this, but the good news is that you may prolong it longer if you so want. However, you are free to use your PPF assets in any other manner you see fit if the 15-year maturity period isn't long enough for you. You may take actions that can boost your income and provide additional advantages.

How will the fund continue to grow?

Several methods exist for this:

1. Request an extension of your term

You may choose to keep your fund open for an additional five years. You have one year from the date of maturity to notify your bank or post office that you would want to prolong it if you would like to invest money in it. You may also choose to extend without placing a deposit. You will continue to get interest on top of that, so you don't need to contribute any more. You won't have to make any financial investments in order to continue receiving earnings on the fund. Not only that, but the annual withdrawal amount from your PF account will be tax-free as well.

2. Use the money for further investments.

If you put the money you've made from investing fifteen years ago someplace else, you may make more money. You must fill out the closure form in order to cancel your account for this. You will get a sizeable sum of money after 15 years; if you decide you don't need it, you may invest it elsewhere. What would be a better choice in your case?

1. Property

Whether or whether you can invest in a real estate, farm, or apartment depends on your financial situation. By increasing the amount, you may also make an investment in real estate.

2. Debt Management

You may invest in debt funds if you're willing to take on a low- to moderate-risk situation. 65–75% of the assets of debt-oriented hybrid mutual funds are held in debt funds.

3. Equilibrated Advantage Funds

You may invest in dynamic funds, where your money is divided between debt and equity based on the market value, if you're willing to take on more risk. Long-term investments may provide returns of up to 11–12% with ease.