text: Withdrawals from PPF account There is a lock-in period of 15 years, and the money can be withdrawn in full after its maturity period. However, pre-mature withdrawals can be made from the start of the seventh financial year. The maximum amount that can be withdrawn pre-maturely is equal to 50% of the amount that stood in the account at the end of the fourth year preceding year or the end of the immediately preceding year, whichever is lower.
  After 15 years of maturity, the full PPF amount, which is tax-free, can be withdrawn, including the interest amount.
  Nomination
  Nomination facility is available in the name of one or more persons. The subscriber may also define the shares of nominees.
  PPF Penalty / Revival / Nomination
  If a minimum contribution of any amount in any year is not invested, then the account will be deactivated. To activate the account, the bearer must pay ₹50 as a penalty for each inactive year. He/she must deposit ₹500 each as each inactive year's contribution.
  In case of the account holder's death, the balance amount will be paid to his nominee or legal heir even before 15 years. Nominees or legal heirs are not eligible to continue the deceased's account.
  If balance amount in the account of a deceased is higher than ₹150,000 then the nominee or legal heir has to prove the identity to claim the amount
  Premature closure of PPF account