PPF withdrawal

Nd asked 9 years ago
whether we can withdraw 90% amount from PPF for purchase of Home like EPF
1 Answers
Sreekanth Staff answered 9 years ago
Hi, No, it is not allowed. But, the PPF rules mandate that account holders who have completed 6 years in the scheme can withdraw partially from their accumulated savings. The amount that can be withdrawn can be a maximum of 50% of the closing balance at the end of the 4th year coming before the year of withdrawal. If you consider withdrawing at the end of your 7th year in the scheme, the amount would be 50% of the closing balance at the end of the 5th year. And so on. Kindly read: https://www.relakhs.com/ppf-account-premature-closure-rules-2016/
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