PPF WITHDRAWAL RULES
Woman applied for 130 shares in Adani Wilmar IPO, bank entered only 65; she sought Rs 40L compensation; gets relief in consumer commission
The woman had earlier appealed in the district commission which held that she did not qualify as a consumer and that the complaint was not maintainable on the ground that investment in shares is a commercial activity. Then why did she won in the State Consumer Commission? Find out in this article.
Sukanya Samriddhi Account interest rate: Has government changed SSA rate from 8.2% for October-December 2026 quarter?
In a recent announcement, the Ministry of Finance reaffirmed the Sukanya Samriddhi Account interest rate at 8.2%. The next evaluation of small savings scheme rates is set for the December 2026 quarter. To initiate a Sukanya Samriddhi Account for a girl child, a minimum deposit of Rs 250 is required. The account matures after 21 years and permits partial withdrawals for education post age 18.
PPF interest rate October- December 2026: Has Public Provident Fund interest rate hiked for this quarter?
The Ministry of Finance has reviewed interest rates for small savings schemes including the Public Provident. The rates will stay the same as those from the previous quarter. PPF accounts have a maturity period of 15 years and offer tax-free returns after five years.
Rs 1.68 crore investments, Rs 89,000 monthly MF SIP. Can this 40-year-old investor retire at 50?
A 40-year-old investor based in Pune is on a mission to retire by age 50 while providing for her two children’s education. With savings of Rs 1.68 cr from diverse investments, she plans to pay off her home loan by December 2026. Experts suggest she aim for a retirement fund between Rs 4-4.5 cr and adapt her investment strategy as her financial goals draw near.
Can an NRI be a nominee for PPF, NSC or SCSS? Here’s what happens to the money after the account holder dies
NRIs can now be nominees for India's small-savings schemes like PPF and NSC, a change from 2023. While they can receive proceeds, repatriation abroad is restricted and subject to FEMA and banking rules, typically requiring crediting to an NRO account first. Understand the nuances before naming an NRI nominee.
Husband claims annual salary fell to Rs 36 lakh, cites Rs 1.7 crore home loan; court orders Rs 2 lakh monthly maintenance to wife
A Gurgaon family court ordered a husband to pay Rs 2 lakh monthly maintenance to his estranged wife and children despite a sharp income drop, Rs 1.7 crore home loan, and children’s education costs. Here's what happened.
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Rs 1.2 lakh/year vs Rs 10,000/month investment in PPF: Which option can help you make larger corpus in 15 years?
Investing a lump sum each year in a Public Provident Fund (PPF) results in a significantly higher corpus than making monthly contributions. Over a span of fifteen years, a yearly investment of Rs 1.2 lakh can grow to yield nearly Rs 99,000 more compared to the monthly deposit method. Plus, PPF provides tax advantages at three different stages, with the current interest rate standing at 7.1 percent per annum.
Should you close your PPF account after becoming an NRI? Here’s what to know about maturity, withdrawal, and tax rules
Moving abroad as an NRI? Your PPF account might not need immediate closure. Discover how your contribution, withdrawal, and maturity options change. Understand the crucial differences between becoming an NRI and a foreign citizen, and navigate the tax implications in your new country of residence.
Daughter vs father legal fight over Rs 8.13 lakh PPF money: Can a parent withdraw money from their child's PPF? Here's what court said
Daughter vs father legal fight over Rs 8.13 lakh PPF amount: In her complaint, she claimed that there were matrimonial disputes between her mother and father and she was living with her mother. The daughter alleged that her father has taken away all her funds, only to pressurise the mother by putting them under financial constraint.
PPF interest rate for July-September 2026: Has government changed 7.1% rate? Here's what investors should know
PPF interest rate: The Finance Ministry has maintained the Public Provident Fund (PPF) interest rate at 7.10% for the July-September 2026 quarter, keeping it unchanged from the previous period.
Investing for your child's future through PPF? Here's what every parent should know before opening a PPF account
Parents can open a Public Provident Fund (PPF) account for their minor children to secure their future, benefiting from compounding over the 15-year maturity period. While the annual contribution limit is ₹1.5 lakh across all minor accounts and the parent's own PPF, it offers tax benefits under the old regime.
₹50 lakh to ₹1.4 crore: How extending your PPF can add lakhs to your corpus and who should do it
PPF maturity presents a choice: withdraw or extend for continued tax-free compounding. While government backing and tax benefits remain attractive, especially for high-income earners, individual circumstances dictate the optimal decision. Understanding extension rules and recent changes is crucial for effective retirement planning.
Can NRIs open a PPF Account? Know the rules, restrictions and closure options
Premature withdrawals are permitted after five years of account opening, subject to specific conditions. Upon maturity, the funds are credited to the NRI's NRO account and are non-repatriable.
Public Provident Fund: Has the interest rate for July-September 2025 been revised?
PPF offers tax benefits under Section 80C, with interest and maturity amounts being tax-free. Resident individuals can open a PPF account with a minimum deposit of Rs 500 and a maximum of Rs 1.5 lakh annually.
Public Provident Fund (PPF): Was interest rate changed for April-June 2025 quarter?
The Public Provident Fund (PPF) in India remains a popular long-term investment option with a 15-year lock-in period and EEE tax status. The government has kept the PPF interest rate unchanged at 7.1% for the April-June 2025 quarter. Contributions offer tax benefits and the interest earned is tax-free.
Can NRIs continue to operate their PPF accounts?
NRIs navigating PPF accounts encounter restrictions and guidelines, from tax benefits to closure procedures. Understanding these rules is crucial for managing accounts effectively while maximizing investment returns and complying with regulatory requirements.
Tax-saving investment: 7.1% interest in PPF or 8.25% returns in VPF; which is a better option to save tax this year?
Tax-saving investment ideas FY23-24: PPF has been a go-to option for traditional investors to save tax while planning for retirement. Is there any other option that offers higher returns, lowers your income tax outgo, and saves money for long-term goals? Yes, Voluntary Provident Fund (VPF). How does it VPF fare when compared to PPF Public Provident Fund (PPF) or Voluntary Provident Fund (VPF) — which is a better option for you to save tax in the financial year 2023-24.
What is the PPF interest rate for July-September quarter of FY 2023-24
The finance ministry made this announcement via a circular issued on June 30, 2023. The interest rates of schemes like the 1-and 2-year post office time deposit, 5-year recurring deposits have been hiked.
Why all fathers' must open a PPF account for their kids
Once your kid has become an adult and the PPF account has completed its mandatory lock-in period of 15 years, he/she can decide whether to close the PPF account or extend it. Opening PPF account for kids when they are minor, helps them to avoid lock-in in the future years. Here is how.
What to do with PPF account after it completes 15 years
PPF is one of the most preferred investment options due to its tax-exempt status. However, once the PPF account complete its 15 years, an account holder may be confused about what he can do now to earn tax-free returns and with lower lock-in periods. Once the PPF account is matured, an individual account holder has three options.
How to withdraw PPF money from account in bank? Step-by-step guide
If you wish to withdraw money from PPF account either partially or in full, you need to submit Form C at the bank where the PPF account was opened. Here are the steps you need to know to withdraw money from your PPF account in banks
How to merge multiple PPF accounts
The Department of Posts issued a circular on October 18, 2021, giving details of the process of merging multiple PPF accounts into one single PPF account. Here is a look at how one can merge multiple PPF accounts, as per the Department of Posts circular.
2-5% TDS on small savings if ITR not filed
Tax experts say this will ensure that tax-free options such as the PPF and other Post Office schemes are not misused by non-filers.
Common application form issued for PPF, NSC and other small savings schemes
It must be recalled that the finance ministry had revised rules and introduced separate forms for each small savings scheme via a notification in December 2019.
PPF withdrawal, loan, pre-mature closure rules: Here's a guide
A subscriber is eligible to take a loan from PPF from the third financial year but this facility is available only till the end of the sixth financial year.
How to partially withdraw from your PPF
One is allowed to withdraw up to 50% of the PPF account balance after completion of five years from the end of the subscription year. Withdrawals are tax-free.
How to extend PPF account after it matures
Although Public Provident Fund has a lock-in period of 15 years you have the option to take a loan against it or make partial withdrawals during its tenure.
Small savings rate cut: Should you close your PPF account?
The PPF rate is down and could dip further as interest rates are cut. If your account is about to complete 15 years, here’s what you should know.
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