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View Full Version : Closer of PPF account



Shikha Sharma
21-03-2010, 07:10 PM
I have a PPF Account with State Bank of India since July 2007. I want to close the account, and invest the amount on MFs, but State Bank of India told me that I cannot close it before 15 years. Is there any way out?

harry1976
21-03-2010, 07:17 PM
I am afraid you cannot close it before completion of 15 years. The PPF account is a 15-year contract. It can be terminated only on the death of the account holder.

v.r.s.nathan
21-03-2010, 11:22 PM
I have a PPF Account with State Bank of India since July 2007. I want to close the account, and invest the amount on MFs, but State Bank of India told me that I cannot close it before 15 years. Is there any way out?You can only do partial withdrawal, that too only after five years of opening the account.