Special Cases
- Medical Emergencies: You can withdraw more than 50% for specific medical emergencies involving yourself, your spouse, dependent children, or parents. However, documentation is required.
- Education of Children: You can withdraw for higher education of yourself or dependent children after they turn 18.
- Change in Residential Status: NRIs can withdraw the entire balance after becoming non-resident.
Can I Withdraw From PPF Without Penalty?
The Public Provident Fund (PPF) is a popular long-term investment scheme in India, offering attractive interest rates and tax benefits. However, many wonder if they can withdraw funds from their PPF account without penalties. Here’s a breakdown of the rules,
- There is no penalty for complete withdrawal at maturity (15 years).
- Partial withdrawals are allowed after 5 years but with limitations and loss of interest.
- Special cases allow higher withdrawals under specific circumstances.
- Withdrawals are tax-free in all cases.
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