PPF Account Statement Online Last Updated : 15 Oct 2019

As a PPF account holder you just need to log in to the official website of the bank where you have created your PPF account. Once you log in to your account using your login credentials you can check the PPF account statement online.

It is very easy to check and download the PPF account statement online and it can be accessed at any given time. However, PPF details can be checked online only if your account was opened at a bank. Currently, it is not possible to check the PPF account statement online if the account was opened in a post office.

The step-by-step procedure to check the PPF account statement is mentioned below:

  • Your PPF account must be linked with your current/savings bank account. Most banks provide the option to open a PPF account in case you already have a savings/current account with them.
  • Your bank account should have internet banking or mobile banking activated.
  • By using your banking credentials, you will need to log in to your account via mobile or internet banking.
  • Once you have completed your login procedure, you will be able to view PPF account details, account statement, account balance, etc. You will also be able to transfer funds to the PPF account, submit the PPF loan application, as well as set up standing instructions for the PPF account.

PPF Withdrawal

While it is easy to check your PPF account statement online, the PPF rules relating to withdrawal also must be kept in mind, lest you feel too tempted to withdraw your corpus.

  • Partial withdrawals can be made, from the start of the 7th financial year after the account has been created.
  • It is important to keep in mind that the timeframe taken into consideration is “financial year” which is from the 1st of April – to the 31st of March the next year.
  • Only one partial withdrawal will be allowed every financial year (starting from the 7th financial year on wards).

For example: If Ms. Prarthana had opened a PPF account in the financial year 2019-2020, she will be able to withdraw from her account from 1 April 2025.

The number of financial years will be counted from the time the account was opened. It appears as follows:

Year 1 April 2019 – March 2020
Year 2 April 2020 – March 2021
Year 3 April 2021 – March 2022
Year 4 April 2022 – March 2023
Year 5 April 2023 – March 2024
Year 6 April 2024 – March 2025
Year 7 April 2025 – April 2026

Considering the above example of Ms. Prarthana, she will be able to withdraw from her PPF account once every year, starting from April 2025.

The Percentage of Amount that can be Withdrawn

The PPF account attains maturity in 15 years from the date on which it was created.

  • 50% of the account balance as at the end of the year immediately preceding the current year, or,
  • 50% of the account balance as at the end of the 4th year, immediately preceding the current year.

As in the above example with Ms. Prarthana:

Year 1 April 2019 – March 2020
Year 2 April 2020 – March 2021
Year 3 April 2021 – March 2022
Year 4 April 2022 – March 2023 (This is the 4th year immediately preceding the year in which withdrawals are possible, assuming Ms. Prarthana opted for withdrawal option as soon as she legally could. Ms. Prarthana can withdraw an amount equal to 50% of this amount if it is lower than that of ‘Year 6’.)
Year 5 April 2023 – March 2024
Year 6 April 2024 – March 2025 (This is the year immediately preceding the year in which withdrawals are possible, assuming Ms. Prarthana opted for the withdrawal option as soon as she legally could. Ms. Prarthana can withdraw an amount equal to 50% of this amount, if it is lower than that of ‘Year 3’.)
Year 7 April 2025 – April 2026 (Ms. Prarthana can begin withdrawing from PPF account from this date)

FAQ’s

  1. Is it possible for me to have more than one PPF account under my name?
  2. No, you can have only one PPF account under your name. However, you can open another PPF account on behalf of your child if he or she is a minor.

  3. Can loan facilities be availed using a PPF account?
  4. Yes, loan facilities can be availed between the third and sixth financial year.

  5. Can a PPF account be transferred?
  6. Yes, PPF accounts can be transferred from a bank to a PPF Account post office and vice versa.

  7. Can a PPF account be accessed via internet banking?
  8. Yes, a PPF account can be accessed by using internet banking. However, the PPF account must be linked with the savings or current account. Viewing of account statement, transferring of funds, and viewing of PPF account balance are possible by using internet banking.

  9. What are the documents required to open a PPF account?
  10. Given below is the list of documents that are required to open a PPF account:

    • Passport-size photograph
    • PAN card copy or Form 60-61
    • Account opening form
    • Address proof and ID proof as per Know Your Customer (KYC) norms.
    • Nomination form
  11. Are there any fines if the minimum amount is not deposited?
  12. A fine of Rs.50 must be paid by customers in case they do not deposit the minimum amount of Rs.500 in a financial year.

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