Types of PPF Withdrawals
1. Partial Withdrawal: Partial withdrawals from a PPF account are permissible after the completion of five financial years from the end of the year in which the initial subscription was made. The amount available for withdrawal is subject to certain conditions and restrictions, typically capped at a specific percentage of the balance in the account at the end of the fourth year preceding the year of withdrawal.
2. Complete Withdrawal: Complete withdrawal of the PPF amount is allowed only on maturity, which occurs after 15 years from the end of the financial year in which the account was opened. However, in exceptional circumstances such as medical emergencies or higher education expenses, complete withdrawal may be permitted before maturity, subject to specific terms and conditions.
How to Withdraw PPF Amount?
Public Provident Fund (PPF) is a popular long-term investment option in India, known for its safety and tax benefits. While it’s primarily designed for retirement savings, circumstances may arise where you need to withdraw funds from your PPF account before maturity. Understanding the withdrawal process is crucial to making informed decisions regarding your finances.