Interest on ppf account

Originally posted by : Gaurav Agrawal
	I started my PPF a/c on Feb 1999, it matured on April 2014. I want to withdraw the total amount on Nov 2014. Now The amount I will get on Nov 2014 will be same amount as on 1st April 2014 or with the interest ( what % ) of the period between April 2014 to Oct 2014 ?

If you apply for withdrawal during Nov’14, then maturity proceeds will be paid to you with interest up to Oct’14.
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Refer Para 9(3) of the Public Provident Fund Scheme, 1968.

Notwithstanding the provisions of sub-paragraph (1) any time after the expiry of 15 years from the end of the year in which the initial subscriptttion was made by him, 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 for the withdrawal of the entire balance standing to his credit and the accounts office, on receipt of such an application from the subscriber, shall subject to the provisions of sub-paragraph (4) allow the withdrawal of the entire balance (together with interest up to the last day of the month preceding the month in which the application for withdrawal is made) after making adjustments, if any, in respect of any interest due from the subscriber on loans taken by him and close his account.
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Rate of interest shall be as notified by the Central Government in the Official Gazette from time to time.