PPF Account Closing Form

• The rules governing Public Provident Fund accounts say that you cannot withdraw the Public Provident Fund account balance after your Public Provident Fund account finishes its tenure (15 years).
• Once the completion of your 15-year term, you can get access to the Public Provident Fund account balance, and also withdraw it.
• Any time before the completion of the full tenure of the account, you cannot withdraw the entire Public Provident Fund account.
• The premature withdrawal of your Public Provident Fund up to 50% of the account balance is allowed once you complete 5 years of the Public Provident Fund.

Application for withdrawal under the PPF Scheme, 1968

The PPF Amount Closure Form is as follows:

The Chief/ Branch Manager

I wish to withdraw from my Public Provident Fund Account No ____________________ a sum of Rs._____________ (Rupees ________________________________________ only). A period of _______ years has expired from the end of the Financial Year in which initial subscription was made.

*Certified, that the amount sought to be withdrawn is required for the use of _________________________________ who is alive and still a minor.

*(To be given only when withdrawal is sought from a Minors PPF Account)

The Pass Book is enclosed.

Date: __/__/20__

Signature/ Thumb Impression of (Subscriber/ Guardian)

For Office Use only

Date: __/__/20__

Signature/ Thumb Impression of (Subscriber/ Guardian)

Received a sum of Rs.________/- (Rupees_________________________________________) by way of withdrawal from Public Provident Fund Account No. _______________________

( ) * Credit the Amount to my SB A/c no ______________________________

( ) * Issue a DD/BC Favouring _______________________________________

*Tick any one

Date: __/__/20__

Signature/ Thumb Impression of (Subscriber/ Guardian)