Can I withdraw money from my PPF account?
Yes, you can make partial withdrawals from your PPF account after five years.
However, the maximum amount you can withdraw is capped at the lower of the two – 50% of the balance at the end of the fourth financial year or 50% of the balance at the end of the preceding year..
Can I withdraw PPF from any SBI branch?
Can PPF Amount Be Withdrawn From Any Other Bank Branch Besides Base Branch? Public Provident Fund or PPF, a fund to meet the retirement expenses, can be withdrawn and closed from now on under the new rules after the fifth financial year of its opening in case of medical urgencies and education needs.
Can PPF be transferred online?
PPF subscribers can make online transfers from their savings account or direct online fund transfer if they maintain their PPF and savings account(s) with the same bank. … NEFT or National Electronic Funds Transfer is a method for transfer of funds between bank accounts. It can be done online via Net-banking.
How can I withdraw my PPF from home purchase?
If you are looking to withdraw money from your PPF account to buy a new home, you will have to make a partial or premature withdrawal under certain conditions….Should you withdraw money from PPF Account to buy your home?Type of WithdrawalFor Partial WithdrawalPremature ClosureTenureAfter 5 yearsAfter 5 years2 more rows•Jun 6, 2019