A PPF account does not have to stop when its 15‑year term ends. Investors who still want a safe, long‑term vehicle can keep the account alive in different ways.
The most common way is to extend the account for another five‑year block and continue making deposits. You must file the extension request with deposits within one year of the maturity date. If you miss this window, you cannot start fresh deposits later.
Alternatively, you can let the account continue without adding new money. In this case, the balance keeps earning the current PPF rate and you are allowed one withdrawal each year as per the scheme rules. This is useful if you want the money to stay invested but may need occasional access.
The two options differ mainly in contributions and withdrawals. With an extension that includes deposits, you can keep adding money and remain invested for five more years. Withdrawals during that period follow the usual PPF rules. With an account that is continued without deposits, you cannot add more money but can still withdraw once a year.
Before deciding, think about your goals. After 15 years your needs may have changed – you might need the money for retirement, a child’s education, or a new investment. Compare the current PPF interest rate with other savings options to see if it still suits your plans.
The one‑year deadline for extending with fresh deposits is crucial. If you do not file the request in time, any later deposit may be treated as irregular and refunded without interest.
In short, you can extend with deposits, continue without deposits, or withdraw the corpus. Pick the option that matches your financial goals and act before the deadline to keep your PPF account working for you.