PPF
This query is : Open
22 July 2009
if PPF is going to be matured the next year..and we withdraw d 80% allowable amount this yr..den wat are the consequences ??
like is only the interest not allowed in last yr..or sumthg else too.. ??
like is only the interest not allowed in last yr..or sumthg else too.. ??
22 July 2009
The maximum allowable withdrawl if
50% of the balance at the end of
(a) 4th year immidiately preceeding the year of withdrawl or
(b) the preceeding year
which ever is lower.
Interest is compounded annually but accrues daily. Hence, interest should be allowed till the date of withdrawl.
No other consequences.
50% of the balance at the end of
(a) 4th year immidiately preceeding the year of withdrawl or
(b) the preceeding year
which ever is lower.
Interest is compounded annually but accrues daily. Hence, interest should be allowed till the date of withdrawl.
No other consequences.
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