Extension of PPF Account in DOP Finacle

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Extension of PPF Account in DOP Finacle
  • PPF can be extended once the account completes the 15 financial years from the date of opening.
  • PPF account can be extended for 5 years after completion of 15 financial years.
  • PPF account cane be extended even after extension period i.e., we can extend for every 5 years after the maturity date there is no limit for extension of PPF account.
  • Rate of interest will be based on the rate at which the Department of Finance fixes for the financial year it may vary for every financial year.
  • HCEXTN command is used for any PPF account to be extended.

Procudure
  • Menu Shortcut - HCEXTN 
  • GO 
  • Function Code - Extend 
  • Account No. - 
  • GO 
  • Verify from supervisor in same command

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