PPF Account Matures: Close, Extend, or Withdraw? Crucial Decisions After 15 Years

• Upon maturity after 15 years, a PPF account offers three options: close and withdraw, extend without contributions, or extend with continued contributions.
• Closing the account allows full withdrawal of the corpus by submitting an account closure form.
• Extending without contributions means the balance continues to earn tax-free interest, with one withdrawal allowed per financial year.
• Extending with contributions requires submitting Form 4 (Form H) within one year of maturity, allowing continued deposits and tax-free growth.
• PPF follows an Exempt-Exempt-Exempt (EEE) tax framework, meaning contributions, interest, and withdrawals are all tax-exempt.

Why It Matters: Understand PPF maturity options to maximize tax-free growth and align with your financial goals.