How can I withdraw my PPF without maturity?
How can I withdraw my PPF without maturity?
Here are the steps of withdrawing money from your PPF account:
- Step 1: Download the PPF Withdrawal Form (Form C) from your bank’s website online or you can get it from the bank branch.
- Step 2: Enclose a copy of PPF passbook along with Form C.
- Step 3: Submit the same at your respective bank branch.
How can I close my inactive PPF account?
If the PPF account has become inactive, you will have to submit a written application to the bank or post office where it is open to revive it. You will then have to provide an application to the bank or post office to get your account started.
What if I close PPF account before maturity?
It is important to note that a PPF account cannot be closed before maturity. A PPF account, however, can be transferred from one point of designation to another. But, do remember that a PPF account cannot be closed prematurely.
What happens to inactive PPF account?
PPF accounts that have been inactive cannot be extended. However, after reactivating a PPF account, a depositor can continue to make deposits and make one withdrawal every fiscal year, up to a maximum of 60\% of the amount at the time of maturity in a 5-year block.
Can you withdraw PPF online?
When your PPF account matures, you can withdraw the entire corpus including the interest. 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.
Can we close PPF account any time?
Yes. You can withdraw money from your PPF account any time after completion of five complete financial years meaning you can withdraw money in the seventh running year of the account. …
Can I close PPF account online?
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.