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Partial withdrawal in Public Provident Fund Account Allowed

By   /   October 16, 2013  /   5 Comments

PPF Partial Withdrawal

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to 50% of the balance at credit at the end of the 4th year immediately preceding the year in which the amount is withdrawn or the amount at the end of the immediate preceding year whichever is lower.


1 2012-13
2 2013-14
3 2014-15 31-Mar-14
4 2015-16
5 2016-17
6 2017-18 31-Mar-18
7 2018-19 First Withdrawal


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.


Recommended Articles:

1. National Savings Certificate (NSC)

2. Senior Citizen Saving Scheme (SCSS)

3. Public Provident Fund




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About the author

Hi My name is Hari Om Tripathi. I am an engineer by chance & a Personal Financial Planner by choice. Currently residing in Kanpur & writing full time for Financial Kundali. In case you have any query about Personal Financial Planning such a buying a MF or ULIP, going for a life insurance plan or a term plan, to surrender your policy or not or any other questions related to your Personal Financial Planning, write to me at financialkundali@gmail.com

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