Extension of PPF Account in DOP Finacle

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