Search results
May 20, 2024 · You can withdraw your money from your PPF account for a home loan. This concise guide outlines the rules governing withdrawals from Public Provident Fund (PPF) accounts, including partial withdrawals, premature withdrawals, and closure options after 15 years of account maturity.
Oct 9, 2023 · You can apply for the account closure and withdrawal of the corpus once your PPF account matures after 15 years. Now, who should go for this option? If you need the money after your PPF account matures, you can withdraw it and close the account. Or if you have a goal due for which you had been saving in the PPF, you can withdraw the amount.
Oct 18, 2024 · As per PPF rules for withdrawal, you may withdraw up to 50 percent of the amount at the end of the fourth year. If the balance at the end of 2027 is ₹4,00,000, you could withdraw up to...
May 18, 2022 · Closing PPF account and withdraw entire maturity amount. After the expiry of the mandated 15 years, an individual can close his/her PPF account. It is important to note that the date of opening of PPF account will not determine the maturity date.
Sep 18, 2024 · A Public Provident Fund (PPF) account matures after 15 years, at which point you can either close it or extend it in five-year blocks, with or without contributions. There is no limit to the number of such extensions, allowing you to continue your PPF for 20, 25, 30 years, and beyond.
Individuals investing in a PPF can withdraw funds from their account when it matures after 15 years from the opening of this account. One can also choose to make partial PPF withdrawal, after 6 years from account opening under certain special circumstances.
Jul 8, 2024 · PPF has a maturity period of 15 years after which you can choose to withdraw funds from your PPF account. Partial withdrawals are also allowed before the account matures (after the 6 th financial year from account opening) but only under certain circumstances.
Get to know everything about PPF Withdrawal rules, including maturity, partial withdrawals, premature closure, and extensions of PPF Account.
Jun 11, 2024 · PPF withdrawal on maturity. After 15 years, you can withdraw your entire PPF balance, which is completely tax-free, making it ideal for long-term savings. The 15-year period starts from the end of the financial year when the first contribution was made. For instance, if you contributed on 10 September 2012, your account will mature on 1 April 2028.
Completion of seven years: According to PPF partial withdrawal rules, you can withdraw up to 50 percent of the amount in your PPF Account after seven years, starting from the end of the year you made your first contribution. You can make only one partial withdrawal each year.
