PPF maturity amount: Know what experts have to say

When we think of a safe investment for good return in future, the first option that comes to our mind is Public Provident Fund (PPF). When you have invested in the PPF account for 15 years, it gives you a good amount on maturity. Now the question is what to do with lumpsum money, where to invest it? These are the questions that comes to every investor’s mind.  

Jitendra Solanki, JS Financial Advisors, says every investor has a goal concerning the PPF maturity amount. He is of the view that the investor should withdraw the lumpsum amount if he/she is close to their goal on maturity of PPF amount. They should use this money to fulfill their personal goals, he said. 

However, if you one has not attained his/her goal during maturity of the account, they should continue the investment for another five years, added Solanki.  

He also suggested that one can also opt for an option where he/she does not have to invest in the five-year block and continue to get interest 

On maturity of PPF account, Mumbai-based certified financial planner Poonam Rungta believes that how lumpsum money is to be used totally depends on need and age of the investor’s concerned.  

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She said It is important to understand that what was the goal/objective of the investor to put money in PPF account. She says everyone invest in PPF with different purposes. Someone invests with the view of retirement, while many save it for their children wedding. So it is to be kept in mind that what is the age of the investor during maturity of the PPF account and what is his/her present need, she added