PPF account extension rules eased. Latest details here
The corpus in PPF account will continue to earn interest till the account is closed

In view of the lockdown restrictions, the government has eased the time limit for Public Provident Fund investors who want to extend their account. The subscribers PPF accounts - whose deadline for submitting the extension form is due in lockdown with one-year grace period after maturity - may submit the prescribed form for extension through registered email id by 31st July, the postal department said.
The original copy of PPF extension form can be submitted to the concerned operating agency once the lock down is completely lifted, it added.
PPF accounts mature in 15 years and they can be extended beyond 15 years in blocks of five years. They can be be retained with or without making further contributions. The corpus will earn continue to earn interest till the account is closed.
If PPF account holders want to continue with the contribution mode after maturity, they will have to submit Form H within one year from the date of maturity of the account. Otherwise, fresh deposits into PPF account will not earn any interest. Also, the fresh deposits in the PPF account will not be eligible for deduction under Section 80C of the Income Tax Act.
If PPF account holders don't close the account or submit the form after the account matures, no fresh contribution will be allowed but the balance will continue to earn interest.
Meanwhile, the Central Board of Direct Taxes (CBDT) through a notification also extended the time limit by a month till July 31, 2020, for making various investments for claiming deductions under the I-T Act, which includes Section 80C (PPF, NSC etc), 80D (mediclaim), 80G (donations) etc, for 2019-20.
The government has allowed PPF subscribers to make deposits till 31st July in their accounts for FY 2019-20 subject to the condition of maximum deposit ceiling of ₹1.5 lakh.
The government has also announced some relaxation in the eligibility norms for opening of Sukanya Samriddhi accounts due to the coronavirus lockdown.
Jan 24, 2023 0 2
According to SBI, customers can call to request their account statement. You can...
Nov 22, 2019 0 2329
From scenic byways to wine country destinations to historic honky-tonks, these Californian...
Oct 30, 2019 0 2522
Combining detection software, observation, and player reporting, the developers...
Jan 24, 2023 0 1
Millions of farmers will receive the Rs 2000 thirteenth installment of the PM Kisan...
Nov 16, 2020 0 978
To get an Idea on daily in take of your calories , maintaining a balanced diet and...
Aug 22, 2019 0 1308
Dressed in summery outfits, Anushka and Virat can be seen smiling with all their...
Jul 21, 2021 0 196
See what the stars have in store for your zodiac sign
Aug 27, 2021 0 532
Setu has already created a beta version for the application programming interface.
Aug 26, 2019 0 2031
The Coralarium, is located at the Fairmont Maldives Sirru Fen Fushi resort.
Aug 30, 2019 0 1258
Tata Power has 85 EV charging stations spread in 15 cities across 9 states including...
Sep 14, 2021 0 541
Sep 14, 2021 0 536
Sep 14, 2021 0 283
Sep 1, 2021 0 12882
Jun 2, 2020 0 72
Apr 15, 2020 0 47
Jan 24, 2023 0 19
Dec 14, 2020 0 8
Sep 14, 2020 0 7