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If one wishes to continue a PPF account after the completion of the 15-year tenure, is it better to go for extension in blocks of five years or should one start a fresh account after closing the previous one?

If you close the account and open another fresh PPF account, you have access to 100 per cent of your account balance.

03 Dec 2008

If you close the account and open another fresh PPF account, you have access to 100 per cent of your account balance. On the other hand, if you keep extending the same account for a block of five years, you will be able to access only 60 per cent of your account balance at that time. This means that a chunk of your money gets blocked for five years. If you open up a fresh PF account, you can decide on the sum you wish to deposit with the entire maturity amount at your disposal. This will be an important consideration if you take into account interest rate cuts or hikes that might have happened or are likely to happen.



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