PPF withdrawal rules: The Public Provident Fund (PPF) scheme is a popular long term investment option and the account has a 15-year lock-in period. You can access your funds only at the end of that period, but partial withdrawals are allowed subject to certain conditions, according to a Times of India report. Here are the details you need to follow, if you want to make partial withdrawals.  

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A person is allowed to make withdrawal up to 50% of balance in the account after completion of five years from the end of the year in which, the initial subscription was made.

You can understand it this way. Suppose you opened a PPF account on February 15, 2013, you can make a partial withdrawal only from the financial year 2018-19.

Now, you should understand how much you can withdraw? The total amount eligible for withdrawal in a particular financial year is the lower of:

1. 50% of the account balance at the end of the financial year, preceding the current year, or

2. 50% of the PPF account balance at the end of the fourth financial year, preceding the current year.

You also need to submit an application Form C, available at the post office or bank where the account is, with all the details. You need to mention account number and amount to be withdrawn in the form and signed by you.

You need to submit documents like PPF passbook along with the withdrawal application.

The bank/post office will verify the date of account opening to ascertain eligibility for withdrawal. If eligible, the amount that can be withdrawn will be calculated. The amount will then be credited to your bank account or a DD will be issued in your favour.