Future Investment plan: PPF is a better option, which people trust the most. You can invest in this for a long time, which is safe as well as beneficial.
Future Investment plan: If you want to do future investment planning from now on, then this is a good opportunity for you. PPF is a better option, which people trust the most. (PPF Investment) You can invest in this for a long time, which is safe as well as beneficial. Apart from this, PPF also gives you full benefit of tax exemption. There is no expectation of risk for the investors. Monthly you can deposit your money in it, on which you are currently getting 7.1 percent annual interest.
Let us tell you that by investing in PPF, you get a maturity period of 15 years. In such a situation, after the maturity of the PPF account, you get 3 options, which are completely tax free.
- Investment in PPF
- Interest earned on investment in PPF
- Amount received on completion of maturity period
- Actually, the sooner you start investing in Public Provident Fund (PPF), the more you will get the benefit. But the first question that comes in the mind of every investor is what to do with the account after the maturity of 15 years? Here we tell you about those 3 options, which you can use on PPF maturity.
Close your account and withdraw your money
When your PPF account matures, you can close it. Withdraw whatever amount (PPF investment) will be there in it. The entire amount received on maturity will be tax free. It will be deposited directly into your bank account. However, for this you have to fill a form in your bank or post office and give it.
Extend by 5 years with fresh PPF investment
On maturity of the PPF account, if you do not need the money or if you want to continue it now, then you can extend the account for 5 years. For this, you can make a new investment by depositing a small amount. To extend the PPF account, you have to submit the form one year before the maturity. You can also withdraw money if needed during these 5 years.
Grow account, not invest
The most important thing is that the PPF account is not deactivated after maturity. Meaning the account will remain active and no penalty will be levied on it. If you do not want to withdraw money or do not want to make a new investment, then you can extend your PPF account for 5 years after maturity. You do not need investment for this. Also no paperwork is required. For the next five years, you will continue to get interest on your amount.
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