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Withdraw from ppf

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This query is : Resolved

nandani jain (Querist)
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30 October 2013 whether withdraw frm ppf ac is not possible within 6 yrs from opening date...whether any planning possible in that event

Nikhil Kaushik

Nikhil Kaushik (Expert)
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30 October 2013 Please refer to Rule 9 of The Public Provident Fund Scheme 1968:

9. Withdrawals from the Fund:-
(1) Any time after the expiry of five
years from the end of the year in which
the initial subscription was made , a
subscriber may, if he so desires, apply in
Form C or as near thereto as possible,
together with his pass book to the Accounts Office withdrawing from the
balance to his credit, an amount not ex
ceeding fifty per cent of the amount
that stood to his credit at the end of the forth year immediately preceding the
year of withdrawal or at the end of preceding year, whichever is lower, less the amount of loan, if any, drawn by him under paragraph 10 and which remains to
be repaid:
Provided that not more than one with
drawal shall be permissible during any
one year.

Thus you can withdraw certain amounts from the PPF account subject to limitations referred in the section 9.

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