Monday, June 27, 2022
Connexionblog
  • Home
  • World
  • Lifestyle

    Trending Tags

    • Pandemic
  • Business
  • Entertainment
  • Sports
No Result
View All Result
  • Home
  • World
  • Lifestyle

    Trending Tags

    • Pandemic
  • Business
  • Entertainment
  • Sports
No Result
View All Result
Connexionblog
No Result
View All Result
Home Business

PPF: When money can be withdrawn ahead of time, what is the process, know everything

Connexionblog by Connexionblog
April 26, 2022
in Business
0
PPF: When money can be withdrawn ahead of time, what is the process, know everything
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

Permission from sixth year

Permission from sixth year

Partial withdrawal is allowed before the PPF account maturity, but this facility is available only after the sixth financial year from the account opening. But this too can be done only in certain circumstances. For example, if the account was opened on February 1, 2020, withdrawals can be made from the financial year 2025-26 onwards.

no tax

no tax

The good thing is that there is no tax on partial/premature withdrawal from PPF account. But note that only one partial withdrawal is allowed per financial year. That is, you can withdraw money only once in any financial year.

This is the essential rule of withdrawal

This is the essential rule of withdrawal

There is also a rule on the maximum amount that can be withdrawn per financial year. 50% of the balance in the account at the end of the financial year preceding the current year or 50% of the balance of the account at the end of the fourth financial year preceding the current year, whichever is less. will be allowed.

Know the process now

Know the process now

Download the PPF Withdrawal Form (Form C) online from your bank’s website or you can get it from the bank branch. There are three sections of the PPF withdrawal form that you need to fill.
(a) Declaration Section: Here you have to enter your PPF account number and the amount you want to withdraw. Also, you need to specify for how many years the account has been active
(b) Office-Use Section: Here, you have to fill the details like date of account opening, current total balance, date of last withdrawal (if any), total withdrawal made from the account etc.
(c) Bank Detail Section : Bank account number and other required details of the account to which the withdrawn amount should be deposited

deposit in bank

deposit in bank

Attach a copy of PPF passbook with Form C. Submit it at your respective bank branch. PPF currently offers an interest rate of 7.1% per annum. This interest rate is reviewed on a quarterly basis. Under this scheme an investor can invest a minimum of Rs 500 and a maximum of Rs 1,50,000 per year. The basic tenure of this plan is 15 years after which the account matures and the amount can be fully withdrawn. After completion of 15 years, you can carry it forward for one or more blocks of every five years.

fbq('track', 'PageView');

Previous Post

Farmers are going to wake up soon, 2,000 rupees will come in the account on this date

Next Post

Disha Patani Trolled: Disha Patani shared monokini photos, trolled fiercely

Connexionblog

Connexionblog

Related Posts

Rice will also become difficult to eat, a sharp jump in prices in 5 days
Business

Rice will also become difficult to eat, a sharp jump in prices in 5 days

by Connexionblog
June 27, 2022
Sensex में तूफानी तेजी, 443 अंक बढ़कर बंद हुआ
Business

Sensex closed up by 443 points today

by Connexionblog
June 27, 2022
Money ki Baat: Keep portfolio perfect in rising inflation, there will be no shortage
Business

Money ki Baat: Keep portfolio perfect in rising inflation, there will be no shortage

by Connexionblog
June 27, 2022
Business Idea: Start business with small capital, you will earn a lot
Business

Business Idea: Start business with small capital, you will earn a lot

by Connexionblog
June 27, 2022
Gold: Good days are coming for investors, there may be strong profits
Business

Gold: Good days are coming for investors, there may be strong profits

by Connexionblog
June 27, 2022
Next Post
Disha Patani Trolled: दिशा पाटनी ने शेयर की मोनोकिनी फोटोज, जमकर हुईं ट्रोल

Disha Patani Trolled: Disha Patani shared monokini photos, trolled fiercely

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Browse by Category

  • Automobile
  • Business
  • Entertainment
  • National
  • Technology
  • World

Browse by Tags

auto news bollywood bollywood news in hindi Business car bike news celebs Connexionblog Cooking hacks Cooking Tips Cricket Czech Easy Food Recipes entertainment from the world Healthy Food hindi news inflation Instant Food recipes ipl 2022 Kitchen Tips list Madhya Pradesh News Mask Message News News24 no News24hindi Prague Recipe Of The Day Religion Reports Russia-Ukraine war Russian Seznam Snack Recipes social media sports Television Trending trending video Ukraine Video Viral Video War Zprávy

Categories

  • Automobile
  • Business
  • Entertainment
  • National
  • Technology
  • World

Browse by Tag

auto news bollywood bollywood news in hindi Business car bike news celebs Connexionblog Cooking hacks Cooking Tips Cricket Czech Easy Food Recipes entertainment from the world Healthy Food hindi news inflation Instant Food recipes ipl 2022 Kitchen Tips list Madhya Pradesh News Mask Message News News24 no News24hindi Prague Recipe Of The Day Religion Reports Russia-Ukraine war Russian Seznam Snack Recipes social media sports Television Trending trending video Ukraine Video Viral Video War Zprávy

Recent Posts

  • How To Make Hand Peel Off Mask: Wrinkles are visible on hands before age? So try hand peel off mask, learn how to make
  • Bottom left: Vystrčil set the election date. It’s a strategy against Babiš – Connexionblog
  • Creating success within the nonprofit sector: Mission Met’s journey of creating infrastructural help for nonprofits
  • About Us

© Connexionblog 2022. All Rights Reserved.

No Result
View All Result
  • Home
  • World
  • Lifestyle
  • Business
  • Entertainment
  • Sports

© Connexionblog 2022. All Rights Reserved.