A PPF account-holder can withdraw money from the PPF accounts once it matures which is after 15 years of opening the accounts. The entire corpus can be withdrawn from PPF accounts on maturity. Partial-withdrawal option is also available to the PPF account-holder, starting from the seventh year of opening the account. Only one partial withdrawal is allowed every financial year. Premature closure of the PPF accounts is also permitted after five financial years on certain specified grounds.

If you wish to withdraw money from PPF account either partially or in full, you need to submit Form C at the bank or post office branch where the PPF account was opened.

Here is a step-by-step process on how to withdraw funds from your PPF account in bank
Step 1: You can download PPF withdrawal form or Form C from the bank’s website. It can also be collected from your bank branch.

Step 2: There are three sections in Form C

Take a look at Form C of the State Bank of India


(Source: SBI Website as on September 9,2022)

Declaration section:

The first part of the form is the declaration section. In this section, you have to provide your PPF account number and the amount you wish to withdraw from the account. Besides that, you also need to mention for how many years the account has been active.

If you want to withdraw from a minor’s PPF account, his or her name should be mentioned in the form.

Also Read:
PPF scheme: Here are 10 things you should know

Office-use section:

The second part of the form is for official use. This part contains the following

1) Date of opening of the PPF account

2) Total amount available in your PPF account at the time of withdrawal

3) Date of approval of your previous withdrawal if you have withdrawn money from your PPF account

4) Amount available for withdrawal in line with paragraph 9(1), 9(3) of the PPF scheme

5) Amount sanctioned for withdrawal

6) Signature of the concerned person in charge and the date

Receipt section:

The third section requires you to sign the form after filling in the amount received or being withdrawn.

PPF withdrawal form available on HDFC Bank website


(Source: HDFC Bank website as on September 9,2022)

Step 3: You need to enclose your PPF passbook along with this application form. At the end, add a revenue stamp on the form and sign it.

The approved amount gets credited directly into your savings account with the relevant bank or you can request for a demand draft, according to SBI PPF withdrawal form and HDFC bank’s website.

PPF withdrawal: Can you withdraw PPF online?

“The banks have not fully automated the PPF withdrawal process yet. So, the investors will have to visit the concerned bank branch with whom they have opened a PPF account. Online PPF withdrawal is limited to checking the eligible withdrawal amount online through the net banking facility. However, the investors are required to fill in Form C and submit it at the concerned bank branch or post office,” said Archit Gupta, Founder and CEO, Clear.

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