Can I withdraw money from PPF account before maturity?

An account holder can withdraw prematurely, up to a maximum of 50\% of the amount that is in the account at the end of the 4th year (preceding the year in which the amount is withdrawn or at the end of the preceding year, whichever is lower). Further, withdrawals can be made only once in a financial year.

How can I withdraw my PPF amount online?

You can log in to your net banking to find the withdrawal amount and download Form C for withdrawal. After that, you have to fill and sign the form. Next, submit the form at the bank branch or post office where your PPF account exists. Upon processing your request, the bank will close your PPF account.

How can I withdraw money from my PPF account?

Here are the steps of withdrawing money from your PPF account:

1. Step 1: Download the PPF Withdrawal Form (Form C) from your bank’s website online or you can get it from the bank branch.
2. Step 2: Enclose a copy of PPF passbook along with Form C.
3. Step 3: Submit the same at your respective bank branch.

Can I take loan against PPF?

How much loan can you avail? You can get a loan against your PPF balance from the third year and till the sixth year after opening the PPF account. The amount of loan is limited to 25\% of the balance that stood in the PPF account at the end of 2nd year or the year preceding the year in which the loan has been applied.

Can I withdraw my SBI PPF online?

With the PPF account online facility, you can access your account information and request for loans and withdrawals can be submitted online.

When can I withdraw my PPF?

PPF withdrawal before maturity One can either take out 50 per cent of the balance at the end of the fourth financial year or 50 per cent of the balance at the end of the preceding year. This depends on whichever amount is lower.

Can I close my SBI PPF account?

Remember, the PPF account cannot be closed before maturity unless in case of specified circumstances. If you wish to close the account, visit the bank branch /post office where the PPF account is held. A written application to withdraw the proceeds and close the account needs to be given with the original passbook.

Can PPF be withdrawn for home purchase?

They can withdraw from the balance in their provident fund (PF) account, subject to certain conditions and within certain limits. The money thus withdrawn, can be used for various purposes like buying a plot or a house. You are also allowed to withdraw your EPF balance to repay your home loan.