PPF EXTENSION RULES
Should you close your PPF account after becoming an NRI? Here’s what to know about maturity, withdrawal, and tax rules
Moving abroad as an NRI? Your PPF account might not need immediate closure. Discover how your contribution, withdrawal, and maturity options change. Understand the crucial differences between becoming an NRI and a foreign citizen, and navigate the tax implications in your new country of residence.
PPF rules for NRIs: Can non-resident Indians open PPF account in India?
A Public Provident Fund (PPF) is a long-term, small savings scheme offered by the government of India. The PPF offers an attractive interest rate and tax benefits under the Old Tax Regime. The PPF interest rate is 7.1% for this quarter. Interest earned is tax-free under the Income Tax Act 2025.
₹50 lakh to ₹1.4 crore: How extending your PPF can add lakhs to your corpus and who should do it
PPF maturity presents a choice: withdraw or extend for continued tax-free compounding. While government backing and tax benefits remain attractive, especially for high-income earners, individual circumstances dictate the optimal decision. Understanding extension rules and recent changes is crucial for effective retirement planning.
Public Provident Fund (PPF): Was interest rate changed for April-June 2025 quarter?
The Public Provident Fund (PPF) in India remains a popular long-term investment option with a 15-year lock-in period and EEE tax status. The government has kept the PPF interest rate unchanged at 7.1% for the April-June 2025 quarter. Contributions offer tax benefits and the interest earned is tax-free.
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Latest PPF interest rate: What is the Public Provident Fund interest rate for the October-December 2024 quarter?
Latest PPF interest rate: The government revises the interest rates of all small savings schemes every quarter. Some popular post office schemes are the Public Provident Fund, Senior Citizen Savings Scheme (SCSS), Sukanya Samriddhi Yojana (SSY), National Savings Certificate (NSC), Post Office Time Deposits (POTD), Mahila Samman Savings Certificate, and Post Office Monthly Income Scheme (POMIS).
Irregular PPF accounts: New rules from Oct 1, 2024 for regularisation of 3 types of irregular Public Provident Fund accounts
On August 21, 2024, the ministry released a circular that established the procedures for handling the regularization of unlawfully opened accounts in different National Small Savings Schemes via post offices. The circular explains the new regulations for regularizing irregular PPF, Sukanya Samriddhi Yojana, and other small savings schemes, which will be effective from October 1, 2024.
Tax-saving investment: 7.1% interest in PPF or 8.25% returns in VPF; which is a better option to save tax this year?
Tax-saving investment ideas FY23-24: PPF has been a go-to option for traditional investors to save tax while planning for retirement. Is there any other option that offers higher returns, lowers your income tax outgo, and saves money for long-term goals? Yes, Voluntary Provident Fund (VPF). How does it VPF fare when compared to PPF Public Provident Fund (PPF) or Voluntary Provident Fund (VPF) — which is a better option for you to save tax in the financial year 2023-24.
To whom do the new Senior Citizen Savings Scheme (SCSS), PPF rules apply? Govt clarifies
The Department of Posts came out with an detailed notification about senior citizen savings scheme (SCSS) and Public Provident Fund (PPF) few weeks back. On November 29, 2023 the Department of Posts issued a clarification as to who the new SCSS and PPF rules would apply. Read below to find out.
Post office schemes rules changed: Govt makes changes to PPF, Senior Citizen Savings Scheme (SCSS), 5-year time deposit
On November 7, 2023, the government released a notification that made numerous significant modifications to the popular SCSS, PPF, and 5-year post office time deposit. Here is a look at the changes made to these small savings schemes.
7 changes in Senior Citizens Savings Scheme rules: More people can invest, more time for retirees, stricter penalty
The government has issued a notification to make changes in the Senior citizens Savings Scheme rules. These rules apply on who can invest, how much time retirees have to invest their retirement benefits in the scheme, definition of retirement benefits, penalty on premature withdrawals on certain tenures and others. Read on to know the latest changes.
New PPF rule: Interest calculation on premature closure of PPF account changed
The Department of Post has made some changes in the premature closure rules of the Public Provident Fund (PPF) account. The Department made this change via a notification dated November 7, 2023.
4 ways your PPF account can become irregular
Public Provident Fund (PPF): Here are four instances when a PPF account can become irregular.
Why all fathers' must open a PPF account for their kids
Once your kid has become an adult and the PPF account has completed its mandatory lock-in period of 15 years, he/she can decide whether to close the PPF account or extend it. Opening PPF account for kids when they are minor, helps them to avoid lock-in in the future years. Here is how.
What to do with PPF account after it completes 15 years
PPF is one of the most preferred investment options due to its tax-exempt status. However, once the PPF account complete its 15 years, an account holder may be confused about what he can do now to earn tax-free returns and with lower lock-in periods. Once the PPF account is matured, an individual account holder has three options.
PPF scheme: Here are 10 things you should know
Public Provident Fund, commonly known as PPF, is a fixed income investment product that is used for tax-saving purposes by individuals. Though the USP of PPF is the Exempt-Exempt-Exempt tax status, there are 10 other things that an investor should know about it.
7 reasons why PPF is one of the most preferred tax saving investments
If the investment is for a long-term goal, then PPF is an option for such aggressive investors as well as it gives the desired stability and optimum return in the debt portion of the portfolio.
How to open PPF account online with HDFC Bank?
To open a PPF account, you no longer need to go to the post office or bank. This can also be done online. Various banks allow customers to open and operate a PPF account online. Here is how HDFC Bank customers can open a PPF account via its Internet banking facility. Details are as per the HDFC Bank website.
Voluntary Provident Fund (VPF) vs Public Provident Fund (PPF) - Which suits you better?
Both VPF and PPF carry sovereign guarantee and hence, there is no difference when it comes to risk. Both are considered to be safe fixed income investment options. The decision to invest should be based on one's goal and time horizon.
Can I split PPF investment money between my account and my minor son's account?
Under the PPF Scheme, 2019, Rule-3 sets the limits on the number of accounts which an individual can open. The rule allows opening of one’s own account, and also on behalf of minor or a person of unsound mind of whom he or she is the guardian.
PPF scheme 2019: Loan against PPF account at 1% and other changes you need to know
The government via a notification dated December 12, 2019, has replaced the PPF scheme 1968 with the PPF scheme 2019. Though major features have been kept unchanged, a few small tweaks have been made in the scheme which you should know about.
Public Provident Fund: 15 lesser known but important rules
Here are some lesser-known facts about the Public Provident Fund that can help you make a more informed investment decision.
How to extend PPF account after it matures
Although Public Provident Fund has a lock-in period of 15 years you have the option to take a loan against it or make partial withdrawals during its tenure.
Your PPF account may become irregular: Here's how
Regularising a PPF account is a long-drawn process, it is better to avoid seeing it go irregular.
Small savings rate cut: Should you close your PPF account?
The PPF rate is down and could dip further as interest rates are cut. If your account is about to complete 15 years, here’s what you should know.
Why extending your PPF account makes sense
Once the account has been classified as "extended without any further contribution" you cannot make any fresh contribution for next five years.
Why PPF is not an attractive investment option for NRIs
Firstly as an NRI you cannot open PPF account. Secondly, if you live in US or UK, you will have to pay tax there on your PPF earnings.
HUFs will have to leave PPF after 15 years
The move is aimed at checking misuse as several people were investing in PPF to earn 8% tax-free return as an individual as well as an HUF, which are set up by family members to avail of tax benefits.
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