Their is a common misconception that money invested in Public Provident Fund is locked in for a period of 15 years. Here is a good news !!! You can make partial withdrawal from the PPF Account. Let’s see how:
A subscriber can make one withdrawal each year starting from 7th year onwards. The first withdrawal can be made at any time after the expiry of 5 full financial years from the end of the year in which the initial subscription was made (i.e. from the 7th year onwards). The amount of withdrawal will be limited to 50% of the balance at credit at the end of the 4th year immediately preceding the year in which the amount is withdrawn or the amount at the end of the immediate preceding year whichever is lower.
For example, if the account is opened on 2012-13 (between 1st April 2012 – 31st March 2013), the first withdrawal is permissible during 2018-19 & the amount of withdrawal will be limited to 50% of the balance as on 31st March 2014 or 31st March 2018, whichever is lower, less the amount of loan if any drawn and which remains to be re-paid.