PPF Withdrawal Rules: Money will be withdrawn from PPF before completion of 15 years, just follow this method

Public Provident Fund has become quite famous among investors. Under this, investors can create a huge fund for the future. Most people have a misconception that the money deposited under PPF cannot be withdrawn before 15 years. However, this is completely wrong. Today we will talk about such circumstances under which you can withdraw earlier.

PPF Withdrawal Rules: PPF is a safe investment platform. Investing under it gives more than 7 percent return. In this, you get guaranteed return, which means that the profit received in it does not depend on the stock market. The special thing about PPF is that the money received in it is tax-free. You invest in it for a long period.

Usually people invest in it and save money for retirement. At the same time, you can also use this money for some big work like marriage and higher education of the child. Today we will know in which situation you can withdraw first under PPF.

How to withdraw money before maturity?

You cannot withdraw the money invested in PPF before 6 years. However, after 6 years, in some situation, you can withdraw the deposited money.

Higher education of children – You can withdraw for the expenses of higher education of the child like college fees or increasing school fees. Apart from this, if someone’s child, wife or husband suffers from a serious or life-threatening disease, then also you can withdraw the money deposited under PPF.

However, if you withdraw the money before the completion of the period, then you lose 1 percent interest.

How much amount can be withdrawn?

According to the information received in this regard, 50 percent of the balance in the fourth financial year before the financial year in which you are going to withdraw can be withdrawn. You can withdraw this money only once in a year.

You can earn a stable income for retirement by investing the money invested in PPF in SWP. Under SWP, a fixed amount is withdrawn every month. The remaining money is invested in the stock market.

The post PPF Withdrawal Rules: Money will be withdrawn from PPF before completion of 15 years, just follow this method first appeared on informalnewz.

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