I have opened PPF accounts for my minor son. He has become major. I kept his account open and met requirement of 15 years term. Now if I want to close this account what do I have to do?
Since my son is adult, do I need to convert account? If so, where can I get the forms? My son is abroad, how can I close this account?
Your help on this wil be highly appreciated.
Since my son is adult, do I need to convert account? If so, where can I get the forms? My son is abroad, how can I close this account?
Your help on this wil be highly appreciated.
I do not know if u require the money currently or can wait for further 5 years.You can calculate how it grows if you kind of reinvest/renew for 5 yrs and then again for 5 yrs.I had got one excel file which I will put on shared site.You can see the difference how it grows 15+5+5 yrs later.
Regards,
Raju