PPF

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CMA. CS. Sanjay Gupta (Querist)
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17 March 2010 IF I INVEST IN PPF IN CURRENT YEAR, IN WHICH YEAR I CAN WITHDRAW THE ENTIRE AMOUNT IN THE CREDIT OF MY PPF ACCOUNT.

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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17 March 2010 After 15 completed years from the end of the financial year in which the initial deposit is made.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Querist)
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17 March 2010 SIR, PLEASE TELL ME CAN I WITHDRAW ENTIRE AMOUNT BY CLOSING MY PPF ACCOUNT AFTER SIX YEARS?

CA SANJAY MUKHERJEE

CA SANJAY MUKHERJEE (Expert)
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17 March 2010 Hi Sanjay,

You can't withdraw entire amount on the seventh year as the cap is "Amount of withdrawal is limited to 50 % of balance at the end of the fourth preceding year less amount of outstanding loan or 50% of balance at the end of immediate preceding year of withdrawal less amount of outstanding loan, if any whichever is less. "

https://www.indiapost.gov.in/Netscape/15yearsPPF.html

Cheers

Sanjay

CA SANJAY MUKHERJEE

CA SANJAY MUKHERJEE (Expert)
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CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Querist)
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17 March 2010 THANKS

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