You need to know these rules to withdraw money from PPF

Public Provident Fund (PPF) is the preferred investment scheme of most people. This scheme can be invested risk free. Also, this investment plan is tax free. It gives the benefit of tax relief along with good returns.

The maturity of PPF scheme is 15 years. This investment plan is beneficial if you want to invest for long term. You can invest up to Rs 1.5 lakh in PPF. According to the Post Office website, if you want to stop this scheme before 15 years.

PPF withdrawal guidelines rule for partial withdrawal after 15 years in 2021 if maturity is over. 15 years are counted from the end of the financial year in which the initial contribution was made.

Prematurity Withdrawal Rules : You can withdraw 50 percent of your PPF account after seven years from the year in which the initial contribution was made. You can only make one partial withdrawal each year. For withdrawal, you need PPF passbook.

Premature account closure : If you close your PPF account before the expiry of 15 years, the total amount will be paid as per the terms. However, this amount will be paid by reducing the interest rate.

Loans: Under the PPF Withdrawal Regulations 2021, the loan amount available on account balance has changed. As per the original PPF withdrawal terms, you can avail loan from your PPF account by paying two percent interest in the third financial year of the initial deposit.

Withdrawal Procedure : As per PPF account withdrawal rules, you have to submit Form C, which is available at the bank or post office. In the form, you have to mention the account number and the amount you want to withdraw.