Dear Friends, In one of my earlier articles, I have explained one of the best tax-free investments which is the public provident fund commonly known as PPF. One of the questions that come into the mind of many investors that how to calculate the maturity period pr how to calculate 15 financial years. As lock-in period for PPF is 15 years with certain conditions investors can withdraw money earlier.

Let us try to understand how to calculate 15 years. Suppose you have invested money in August 2008 and as per initial and spontaneous calculations, the fifteenth year will be 2022. But this is the wrong calculation. To calculate the maturity period of ppf, the initial year of investment will not be calculated. The first financial year will start on 1 April 2009, let us see from the following table the last financial year:

Thus, from the above table, you can see that the last financial year to contribute is 2023-24. If one wants to invest after that one can apply for an extension for 5-year block.

Thus, I hope you have understood how to calculate the maturity period of ppf or 15 financial years. Please share in comments sections, in any case of any query.