A PPF account can be extended in a block of 5 years once the tenure of 15 years is completed. For how long one can continue extending the PPF account
Question
A PPF account can be extended in a block of 5 years once the tenure of 15 years is completed. For how long one can continue extending the PPF account
Solution
A Public Provident Fund (PPF) account has a tenure of 15 years initially. After this period, the account holder has the option to extend the account for an additional 5 years. This extension can be done indefinitely, in blocks of 5 years each. Therefore, theoretically, one can continue extending the PPF account for as long as they wish, provided they do it in 5-year increments.
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