There is a proposal in Finance Ministry to raise the minimum lock-in period in PPF in the upcoming budget for FY 2015-16. Reason is to avail the funds for longer term for infrastructure.
There are two options on the table right now:
- Increasing the maturity period from the 15 years.
- Increasing the minimum withdrawal period from 6 years to 8 years.
Must Read : PPF as Investment and tax saving option