Withdrawals from PPF during the extended period

In PPF, during extended period of five years, what are the withdrawal rules?
- Puranmal Khandelwal

The Public Provident Fund (PPF) account can be extended on maturity after 15 years by a block period of five years with or without making further contributions.

If you are extending it with contributions, you can withdraw up to 60% of the balance amount at the beginning of the extended period in one or more installments. Only one withdrawal is permitted per year.

If the account is extended without contribution, any amount can withdrawn without restrictions. However, again, only one withdrawal is allowed per year. The balance will continue to earn interest till it is completely withdrawn.

This article was originally published on June 15, 2016.