PPF
This query is : Resolved
CMA. CS. Sanjay Gupta
(Querist)
17 March 2010
IF I INVEST IN PPF IN CURRENT YEAR, IN WHICH YEAR I CAN WITHDRAW THE ENTIRE AMOUNT IN THE CREDIT OF MY PPF ACCOUNT.
17 March 2010
After 15 completed years from the end of the financial year in which the initial deposit is made.
CMA. CS. Sanjay Gupta
(Querist)
17 March 2010
SIR, PLEASE TELL ME CAN I WITHDRAW ENTIRE AMOUNT BY CLOSING MY PPF ACCOUNT AFTER SIX YEARS?
CA SANJAY MUKHERJEE
(Expert)
17 March 2010
Hi Sanjay,
You can't withdraw entire amount on the seventh year as the cap is "Amount of withdrawal is limited to 50 % of balance at the end of the fourth preceding year less amount of outstanding loan or 50% of balance at the end of immediate preceding year of withdrawal less amount of outstanding loan, if any whichever is less. "
https://www.indiapost.gov.in/Netscape/15yearsPPF.html
Cheers
Sanjay
You can't withdraw entire amount on the seventh year as the cap is "Amount of withdrawal is limited to 50 % of balance at the end of the fourth preceding year less amount of outstanding loan or 50% of balance at the end of immediate preceding year of withdrawal less amount of outstanding loan, if any whichever is less. "
https://www.indiapost.gov.in/Netscape/15yearsPPF.html
Cheers
Sanjay
CA SANJAY MUKHERJEE
(Expert)
17 March 2010
Hi Sanjay,
You can't withdraw entire amount on the seventh year as the cap is "Amount of withdrawal is limited to 50 % of balance at the end of the fourth preceding year less amount of outstanding loan or 50% of balance at the end of immediate preceding year of withdrawal less amount of outstanding loan, if any whichever is less. "
https://www.indiapost.gov.in/Netscape/15yearsPPF.html
Cheers
Sanjay
You can't withdraw entire amount on the seventh year as the cap is "Amount of withdrawal is limited to 50 % of balance at the end of the fourth preceding year less amount of outstanding loan or 50% of balance at the end of immediate preceding year of withdrawal less amount of outstanding loan, if any whichever is less. "
https://www.indiapost.gov.in/Netscape/15yearsPPF.html
Cheers
Sanjay
CMA. CS. Sanjay Gupta
(Querist)
17 March 2010
THANKS
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