Results 1 to 6 of 6

Thread: Withdrawal from PPF?

Threaded View

Previous Post Previous Post   Next Post Next Post
  1. #2
    Super Moderator PolicyWala's Avatar
    Join Date
    Feb 2009
    Location
    New Delhi
    Posts
    675

    Default

    Quote Originally Posted by Mahesh View Post
    I have a PPF account with SBI.
    1- Is it possible to withdraw the amount, which I have deposited till now?
    Yes, you can withdraw after 5 years of PPF account membership.
    2- What is the maximum amount, I can withdraw?
    You can withdraw any amount not exceeding fifty per cent of the amount that stood to your credit at the end of the fourth year immediately preceding the year of withdrawal or at the end of the preceding year, whichever is lower, less the amount of loan, if any, drawn by you on this PPF account.
    3- Is their any penalty in withdrawing the amount?
    Nope. Just follow the above rules.
    Last edited by PolicyWala; 21-02-2010 at 03:28 PM.

Tags for this Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •