Business News Desk, If your money has also been invested in PPF scheme then this is important news for you. Various announcements are made by the Central Government from time to time regarding government schemes. Now a big news is coming out regarding the Public Provident Fund Scheme. In today’s time, PPF is considered one of the best investment options.
Get the benefit of compound interest
In the Public Provident Fund scheme, you get a return of 7.1% on the basis of compounding. Many times it happens that you invest money, but have to withdraw this money in an emergency, so today we will tell you how you can withdraw money from the account before maturity.
Can I withdraw money from the account before maturity?
Many times it has been seen that if you withdraw money before the time, then you are asked the reason for withdrawing the money and still you are not given the full amount. Public Provident Fund also has its own rules, according to its rules, you can withdraw money after completion of 6 years and can also get it closed after completion of 5 years. If you want to withdraw some money before 6 years, then you must have a valid reason to withdraw, only then you can withdraw your money.
When can I withdraw money?
You must have a valid reason for withdrawing money. Like you want to get treatment for a disease or you can withdraw money for the treatment of your family. Apart from this, you can also withdraw money for children’s education and children’s marriage.
ppf withdrawal rules
1. To withdraw money in PPF, you have to visit the official website of the bank.
2. Then you have to download Form C from the official website of the bank.
3. After filling the form, get it deposited in the bank.
4. And also show your PPF account to the bank.
5. After this the bank will give 50% of the money deposited in your account.