PPF निकासी नियम और समय से पहले बंद करना

Introduction

This article provides detailed information on PPF withdrawal rules. It covers the process of PPF withdrawal online, reasons for withdrawal, how to withdraw the PPF amount, PPF extension on maturity, partial withdrawal rules, and FAQs related to PPF withdrawal. How to Withdraw PPF Amount Online?

Rules of PPF Withdrawal

Any time after the expiry of five years from the end of the year in which the PPF account was opened, the account holder may, avail withdrawal by applying in specified Form, from the balance to his credit, an amount not exceeding fifty per cent of the amount that stood to his credit at the end of the fourth year immediately preceding the year of withdrawal or at the end of the preceding year, whichever is lower. Provided that the amount of loan outstanding, if any, along with interest shall be paid by the account holder before availing the facility of withdrawal under this paragraph: Provided further that the facility of withdrawal may be availed only once in a year only from the accounts which have not become discontinued.

Premature Closure of PPF Account

An account holder shall be allowed premature closure of his account or the account of a minor or person of unsound mind of whom is the guardian on an application to the accounts office in specified Form, on any of the following grounds, namely:-

• treatment of life threatening disease of the account holder, his spouse or dependent children or parents, on production of supporting documents and medical reports confirming such disease from treating medical authority;
• higher education of the account holder, or dependent children on production of documents and fee bills in confirmation of admission in a recognized institute of higher education in India or abroad;
• on change in residency status of the account holder on production of copy of Passport and visa or Income tax return: Provided that an account under this Scheme shall not be closed before the expiry of five years from the end of the year in which the account was opened: Provided further that on such premature closure, interest in the account shall be allowed at a rate which shall be lower by one per cent than the rate at which interest has been credited in the account from time to time since the date of opening of the account, or the date of extension of the account, as the case may be.

Frequently Asked Questions on PPF Withdrawal:

How much can you withdraw from your PPF Account before Maturity?

Any time after the expiry of five years from the end of the year in which the account was opened, the account holder may, avail withdrawal by applying in specified Form, from the balance to his credit, an amount not exceeding fifty per cent of the amount that stood to his credit at the end of the fourth year immediately preceding the year of withdrawal or at the end of the preceding year, whichever is lower.

Is Partial Withdrawal allowed from a Minor’s Account?

Yes, In case of an account opened on behalf of a minor, or a person of unsound mind, the guardian may apply for the withdrawal for the benefit of the minor or a person of unsound mind by submitting the specified certificate to the accounts office