How to withdraw all the money from PPF account without being amateur?
How to withdraw all the money from PPF account without being amateur?
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Public Provident Fund (PPF) is one of the small savings schemes. In fact, this account becomes mature in 15 years and after it is matured, you can withdraw the deposit and close the account. Similarly, you can extend your account for five years with or without a constitution if you wish. Yes, let us also tell you that a PPF account can be opened by any Indian, but you hardly know that you can close the PPF account even without being mature. Today we tell you about it.

In fact, in the event of breakdown of PPF account holders, husband and wife, and their children, the entire PPF can be withdrawn. Yes, you can also withdraw complete money from the PPF account in terms of children's education. Similarly, if you become an NRI, you can close your PPF account even in this situation. In addition, PPF account can be closed only after completion of 5 years of opening. In fact, if this is done, an interest of 1 percent will be deducted from the date of opening of the account to the date of closure of the account. Similarly, if the account holder dies before the account is PPF the account is matured, the nominee can withdraw the entire amount, even if the account has not been opened for five years. At the same time, the account is closed after the death of the account holder. The nominee cannot continue that account.

At the same time, senior citizens can now send an authorized person to bring money on their behalf. That is, he can get money sitting at home.  For this, they will have to fill SB-12 form and sign it. Only literate senior citizens will be able to use this facility. In the case of the same survivor, he can sign the form to authorize the personnel. At the same time, account holders are also required to sign the SB-7 form or SB-7B form for closure or partial withdrawal of account. The same person will also have to submit a self-attested copy of the id and address proof of the account holder as well as the authorized person and the person will also have to submit a passbook to withdraw the money. The transaction will then be finalized after post office officials match the signatures of the account holders and then issue the funds.

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