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Loan and Withdrawal facility

Loan facility is available between third financial year to sixth financial year ie. from third financial year upto end of fifth financial year.

Withdrawal is available every year, from the 7th financial year onwards. At 7th year withdrawal available is 50% of the balance at the end of the 3rd year. At 8th year withdrawal available is 50% of the balance at the end of the 4th year. And so on...
 

UNDERSTANDING Loan And Withdrawal And Growth IN PPF

Suppose you opened the account on 22/12/2011 and below table will give you simple example when you can withdraw and take loan. If you add 15 yrs (Term of PPF account) to your account opening date it will be 22/12/2026 which you think maturity date. But it will mature on 1st April 2027 (which is first working day of FY 2027-28). So, it is exactly not 15 years but in practical it is around 16 years.

Rs. 1000/- invested for 25 years regularly
Year Investment Interest Total Withdrawal Loan
1 1,000 ----- 1,000 ----- -----
2 1,000 80 2,080 ----- -----
3 1,000 166 3,246 ---- 250
4 1,000 260 4,506 ----- 523
5 1,000 360 5,867 ----- 820
LOAN PERIOD OVER & WITHDRAWAL PERIOD STARTS
6 469 7,336 ---- ----- 1,143
10 1,000 999 14,487 3,668 ----
22 1,000 4034 55,457 18,725 ----
9 1,000 851 12,488 2,933 ----
23 1,000 4437 60,893 20,723 ----
11 1,000 1159 16,645 4,461 ----
15 1,000 1937 27,152 8,323 ----
24 1,000 4871 66,765 22,881 ----
14 1,000 1720 24,215 7,243 ----
7 1,000 587 8,923 1,623 ----
13 1,000 1518 21,495 6,244 ----
20 1,000 3316 45,762 15,162 ----
25 1,000 5341 73,106 25,211 ----
19 1,000 2996 41,446 13,576 ----
12 1,000 1332 18,977 5,318 ----
18 1,000 2700 37,450 12,107 ----
16 1,000 2172 30,324 9,489 ----
17 1,000 2426 33,750 10,748 ----
21 1,000 3661 50,423 16,875 ----
8 1,000 714 10,637 2,253 ----

Interesting unnoticed Points

Using withdrwal facility for creating tax free income for lifetime. How?


If you are depositng
Rs 1000 p.a. from 11th year you can withdraw Rs 1000 as tax free income.
Rs 1000 p.a. from 16th year you can withdraw Rs 2000 as tax free income.
Rs 1000 p.a. from 20th year you can withdraw Rs 3000 as tax free income.
Rs 1000 p.a. from 22th year you can withdraw Rs 4000 as tax free income.
This could be a good source of creating a tax free income for self or for your coming generations.
 

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