Did you want to withdraw some amount from your PPF Account? Then it is very important to know the **PPF Withdrawal Rules** and benefits. Because these rules only will provide complete information i.e, when and how much amount you should withdraw from PPF Account? You can get the partial Public Provident Fund Withdrawal rules from here. So, know all PPF withdrawal rules and check status through online by following some steps. Check interest rates of the particular Financial year and then calculate the amount with the help of PPF Calculator.

## PPF Withdrawal Rules 2017

The PPF Scheme has very strict and specific rules to withdraw an amount from the Account. Normally, one can withdraw the full amount only after the maturity period of 15 years. But in any case of emergency, you can withdraw some amount from the 7th financial year onwards to till 15th year. So for withdrawing, there are some PPF Withdrawal rules which we need to follow. Mainly PPF is a long term savings Account and also good end tax-free return investment. The PPF Account’s maturity period is 15 years. In case if you want to continue your PPF account after 15 years then you can extend the maturity period with a block of 5 years.

It is very important to keep in mind that every financial year time duration starts from 1st of April – to the 31st of March the next year. Here we have explained about the partial Public Provident Fund Withdraw. Thus, you will get full clarity by observing the example from the below sections. Also, check the PPF Withdrawal Rules and process from the below sections

### PPF Partial Withdraw Rules and Process

We have provided the rules in detail with an example. One can withdraw the amount in PPF Account from the 7th year. So, by using PPF Calculator, you can check your withdraw amount. The amount which is obtained by calculating based on the interest rate is the only amount that you can withdraw. For example, if a person starts PPF Account from 1st April 2016. Then the person can start withdrawing money from the year 2022 i.e. from the 7th financial year. Suppose if a person deposited Rs.10,000/- Then

Year |
Opening Balance |
Depoisted Amount |
Rate of interest |
Closing Balance |
Loan |
Withdrawal Amount |

1 | Rs. 0/- | Rs. 10000/- | Rs. 810/- | Rs. 10810/- | – | – |

2 | Rs. 10810/- | Rs. 10000/- | Rs. 1686/- | Rs. 22496/- | – | – |

3 | Rs. 22496/- | Rs. 10000/- | Rs. 2632/- | Rs. 35128/- | Rs. 2703/- | – |

4 | Rs. 35128/- | Rs. 10000/- | Rs. 3655/- | Rs. 48783/- | Rs. 5624/- | – |

5 | Rs. 48783/- | Rs. 10000/- | Rs. 4761/- | Rs. 63544/- | Rs. 8782/- | – |

6 | Rs. 63544/- | Rs. 10000/- | Rs. 5957/- | Rs. 79501/- | Rs. 12196/- | – |

7 | Rs. 79501/- | Rs. 10000/- | Rs. 7250/- | Rs. 96751/- | – | Rs. 17564/- |

8 | Rs. 96751/- | Rs. 10000/- | Rs. 8647/- | Rs. 115398/- | – | Rs. 24392/- |

9 | Rs. 115398/- | Rs. 10000/- | Rs. 10157/- | Rs. 135555/- | – | Rs. 31772/- |

10 | Rs. 135555/- | Rs. 10000/- | Rs. 11790/- | Rs. 157345/- | – | Rs. 39751/- |

11 | Rs. 157345/- | Rs. 10000/- | Rs. 13555/- | Rs. 180900/- | – | Rs. 48376/- |

12 | Rs. 180900/- | Rs. 10000/- | Rs. 15463/- | Rs. 206363/- | – | Rs. 57699/- |

13 | Rs. 206363/- | Rs. 10000/- | Rs. 17525/- | Rs. 233888/- | – | Rs. 67778/- |

14 | Rs. 233888/- | Rs. 10000/- | Rs. 19755/- | Rs. 263643/- | – | Rs. 78673/- |

15 | Rs. 263643/- | Rs. 10000/- | Rs. 22165/- | Rs. 295808 | – | Rs. 90450/- |

#### PPF Closing Amount, Loan and Withdraw Amount Calculation

The interest rate is 8.10%. Based on the interest rate and also with the help of PPF Calculator you will get the correct amount. So, for the example which is given above, we will provide explanation i.e.

The Deposit Amount =Rs.10000/-

Rate of Interest = 8.10% then Closing amount for the first year is

Rate of Interest = 10000*8.10

=> 810/-

**Closing Amount **= Deposit Amount + Rate of Interest

=> 10810/-

In this way, the Closing amount of every year is calculated. Then after that, you have an option to take a loan from the 3rd financial year to the sixth year. For calculating Loan amount i.e.

deposit Amount = Rs.10000/-, the Rate of Interest = 8.10%, then the closing amount = 10810/-.

**Loan for the third year** = 25% of 1st year closing amount

=> 25*10810/100

=> Rs.2703/-

In the same way, the loan amount is also calculated for remaining years. Then from the 7th financial year, you can withdraw the amount from the PPF Account.

For the above example, you can withdraw the amount of Rs. 17564/- in the 7th financial year.

i.e. **PPF withdraw** Process = 50% of the 3rd year closing amount

=> 50*35128/100

=>17524/-

In the same way, the withdrawn amount is calculated for remaining years. As mentioned earlier only one partial withdraw can be allowed for one year.

**Note:** A PPF Account cannot be closed for any reason, only except the death of the Account Holder.

PPF Calculator |

### Check PPF Withdrawal Status and Account Balance

Have you opened a PPF Account in a bank which is near to your house? Then by using the services like internet banking you can easily know your Account Balances and the withdraw status. It is simply by login to the website of the bank, then enter your details and click on submit. Finally, you can know your details. Apart from checking the status and the Account balance you can also transfer funds from your account to the others. Also, some banks provide the facility by linking the account with other savings account.

Till now if you don’t use the internet banking facilities then apply as soon as possible because it will save your time. With the help of internet banking, you need not visit the bank to check the Account balance and the PPF withdrawal status. In the case, if you applied PPF Account in a post office then you can not check details through online. So, you have to visit the post office along with your passbook to know your PPF Withdrawal status and Account Balance.

### Premature Withdrawal of Public Provident Fund

As we told earlier that PPF is one of the Tax-free saving accounts. The PPF Scheme allows partial withdrawal after the completion of the 5th year. Mainly the premature withdraw helps you in the times of any emergencies such as medical treatments and in education. From above rules of the Public Provident Fund, the people can withdraw only 50% of the accumulated amount by the 5th financial year investment. But the permissible limit on withdrawal is higher if the account holders invested money between 7 years and 12 years.

The people who want to withdraw the amount should follow the PPF Withdrawal rules and should fill the Form C. Then fill your details in the Form C application form. Also, they should specify the number of years completed from the date of initial subscription. But however, only on the completion of 15 years, the person can withdraw the complete amount. Thus finally, you can open Bank account in any of the banks which manages the PPF Accounts. Also, you should only use the same bank to withdraw the amount.