Once PPF is extended after 15th year, in 5year blocks with deposit option,
1) Will one get tax benefit upto 1Lakh deposit yearly, during these extended periods?
2) Will one be required to deposit of a minimum 500Rs to keep the PPF extended account ‘alive’, during these extension periods too?
This is to try and understand if the PPF behaviour in terms of Tax Benefits & Min/Max deposits every year remains same during the 1st 15yrs & during the extended block of 5yrs, if we choose the option to ‘extend with deposit’.
Request you to pl share your knowledge on this. Thanks.