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Q.

I am having a ppf account fro the year 21-3-1991 . Now its a 22yrs now i have to close the account or i can extend the account by withdrawl the amount. Can any body answer me plzx . Fast its urgent

About: 5 common questions about PPF, answered!

Asked by ram s bajaj, 01 Mar '13 07:34 pm
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Answers (2)

1.

1. U can close the A/C & withdraw the money. Get Income tax benefit in TSC ( Tax Saving Scheme) with the Banks with more interest but with 5/3 years minimum lock-in period !!
2. But, extending the a/c will allow U to withdraw very limited amount as per their peculiar formula !!
3. Thus, PPF a/c has lost its popularity !!
Answered by Nitin Ray, 01 Mar '13 07:46 pm

 
  
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2.

Any working day u want,, u can close
Answered by conviction, 01 Mar '13 07:37 pm

 
  
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