How to withdraw money from PPF account?

What is the the procedure to withdraw money from a Public Provident Fund (PPF) account and is there any interest on it?
- Biswajit Adhikary

It seems, you are asking about taking a loan or making a partial withdrawal from a Public Provident Fund (PPF) account before its maturity on completion of 15 years. You can take a loan from your PPF account after three years. The loan facility is available only between three and six years and you can obtain a loan of up to 25 per cent of the money in your account. The interest rate would be 2 per cent more than what you earn on your PPF account. The loan has to be repaid in three years. Otherwise, the interest rate would go up (6 per cent more than what you earn on PPF). You can also make a partial withdrawal from the account from the seventh year.

This article was originally published on April 28, 2016.