PPF Account: Full money can be withdrawn from PPF account even before maturity, read details here
Generally, the PPF account matures in 15 years. But in some special cases, you can withdraw all the money deposited in the PPF account even before maturity.
People living in India's investment to secure future (Investment) There are several options. But, PPF ie Public Provident Fund is very popular among these options. Under the PPF scheme, investors' money is not only protected, but they also get exemption from tax liability through this scheme. Not only this, but PPF account holders also get great returns after maturity. In addition to your PPF account, a bank post office (Post Office) can also be opened. If you are 18 years old then you can easily open your PPF account. Apart from this, you as a parent can also open a PPF account for your child.
The loan can be taken through the PPF account
You can also take a loan through a PPF account. But some terms and conditions have also been imposed for this. First of all, let us tell you that when your PPF account turns 5 years old, then you can withdraw. If you want to take a loan through your PPF account, then one year after the completion of the financial year in which your account is opened and before 5 years, you can take the loan. Please note that once you start withdrawing from your PPF account, you will not be able to take a loan through your PPF account.
Generally, the PPF account matures in a period of 15 years. But in some special cases, you can withdraw all the money deposited in the PPF account even before maturity. Let us know, what are the circumstances in which money can be withdrawn from the PPF account even before maturity.
- Any dangerous disease, due to which you or any of your dependents can die. For the treatment of such a disease, you can withdraw money before maturity.
If the account holder or his child needs money for higher education, then even in such situation money can be withdrawn before maturity.
If your PPF account is running and you have to shift abroad, then even in such a situation you can withdraw the money deposited in the PPF account before maturity.