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Thread: Can one get loan or withdraw money from PPF accounts of mine and wife's?

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  1. #1
    PW Stalwart v.r.s.nathan's Avatar
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    Apr 2009
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    Nagpur
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    No, because a subscriber who has not maintained his subscriptions in the account as per Rule 3 of the Scheme and has defaulted on his subscriptions in any year, will not be eligible either for a loan or for a partial withdrawal from the account. This will be allowed only if the person pays the subscription arrears along with the default fee.

  2. #2
    NewBie
    Join Date
    Aug 2009
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    India
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    Quote Originally Posted by v.r.s.nathan View Post
    No, because a subscriber who has not maintained his subscriptions in the account as per Rule 3 of the Scheme and has defaulted on his subscriptions in any year, will not be eligible either for a loan or for a partial withdrawal from the account. This will be allowed only if the person pays the subscription arrears along with the default fee.
    Can you please elaborate - What is rule 3 of the scheme?

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