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How to Withdraw PPF Amount?

Updated On Nov 23, 2023

The Public Provident Fund (PPF), a savings and investment scheme run by the Indian government, provides investors with a wonderful option to develop a long-term corpus by depositing small amounts on a monthly basis. A PPF account offers a solid balance of security, returns, and tax advantages. The PPF account has a 15-year maturity period, after which you can opt to withdraw funds. Partial withdrawals are permitted before the account matures (after the sixth financial year from the date of account opening), but only in limited situations. Read on to learn about PPF withdrawals, including partial and total withdrawals. 

Who is Eligible for Partial Withdrawal of PPF Amount?

You can take a portion of your money from your Public Provident Fund (PPF) account under the PPF scheme. However, if you want to withdraw a portion of your PPF, keep these PPF withdrawl rules in mind:

  • After five financial years from the date the PPF account was opened, a partial withdrawal option is available.
  • Following the end of the fourth financial year, you can take up to 50% of your available balance.
  • In a given fiscal year, only one partial withdrawal is permitted.
  • The passbook must be submitted along with the application form.
  • Partial withdrawals are permitted only once the bank or post office has verified all facts.
  • The money that is taken out is tax-free.

How to Withdraw PPF Amount From PPF Account?

If your PPF balance is eligible for withdrawal, you can withdraw a portion of it. The steps to withdrawing money from your PPF account are as follows:

  • Get a copy of the PPF Withdrawal Form (Form C) from your bank's website.
  • The PPF withdrawal form is divided into three sections - 
    • Declaration Section: Under this section, you must provide your PPF account number as well as the amount you desire to withdraw. Aside from that, you must state how long the account has been active.
    • Office Use Section: Under this section, you must fill in information such as the account's opening date, current total amount, date of last withdrawal (if any), total withdrawal made from the account, and so on.
    • Bank Details Section: Number of the bank account and other necessary information about the account to which the withdrawn funds should be credited.
  • You must attach a copy of your PPF passbook to Form C.
  • The withdrawal amount will be sanctioned as soon as possible after your application is processed.
  • You have the option of having the funds credited to your savings account or receiving a demand draught (DD).
  • This must be noted on the form, which must also have a revenue stamp and be signed.

After How Many Years PPF Can Be Withdrawn?

  • Partial withdrawals from a PPF account are allowed after the seventh financial year.
  • Up to 50% of the balance at the end of the fourth year can be withdrawn.


As discussed, if you have made 5 years of regular contributions to your PPF account, you are eligible to withdraw funds. To do so, you must get Form-C (PPF Withdrawal Form) from your respective bank, complete it, and submit it along with a withdrawal application on the bank’s website. 

Also read: 

What Is A PPF Account And What Are Its Benefits?

Is ULIP Better Than PPF?

Disclaimer: This article is issued in the general public interest and is meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.        

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