The exit age of a Public Provident Fund (PPF) account is determined by the maturity period of the account. The maturity period of a PPF account is 15 years from the end of the financial year in which the account was opened. It means that the PPF account will mature after 15 years from the date of opening.

For example, if you opened a PPF account on any date in the financial year 2023-2024, the maturity period would be 15 years from the end of that financial year, which would be on April 1, 2039. Therefore, your PPF account would mature on April 1, 2039.

Once the PPF account matures at the end of the 15-year period, you have the option to either withdraw the entire balance or extend the account in blocks of five years. If you choose to extend the account, you can continue making contributions, earn interest, and make partial withdrawals as per the rules during each five-year extension block.

It's important to note that PPF is a long-term savings scheme, and premature closure of the account is generally not allowed before the maturity period of 15 years. However, certain exceptions are provided in case of specific financial needs and emergencies. It is advisable to familiarize yourself with the PPF rules and consult with the bank or post office where you hold the PPF account for more information on the exit age and withdrawal options.

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