Public Provident Fund (PPF) rules for partial withdrawal, premature closure

The Public Provident Fund, a government of India operated savings and investment scheme is one of the most popular investment option for long term. You can also request for premature closure of the PPF account in certain situations. Read on to know more: Partial premature withdrawal from PPF You can withdraw partial sum from your PPF account after the expiry of five years from the end of the year in which the account was opened. Premature closure is allowed after five years from the end of the year in which the account was opened. PPF Account can be closed in the following circumstances: - If the amount is required for the treatment of serious ailments or life threatening diseases of the Account holder, spouse or dependent children or parents, on production of supporting documents from competent medical authority - If the amount is required for higher education of the account holder, on production of documents and fee bills in confirmation of admission in a recognized institute of higher education in India & abroad.