If amount is withdrawn after 6 months but before 1 year from date of deposit, no interest will be paid. Monthly Income Scheme Amount deposited cannot be withdrawn for 1 year from date of opening of account. No withdrawal is permitted in first 4 years Deposits may be withdrawn after 4 years from the end of the year in which account was opened. Account can be closed on expiry of 4 years from the end of the year in which the account was opened. Public Provident Fund Scheme Maturity period of account is 15 years.
Loan is available from the third year onwards upto a max.
The loan is repayable in 36 monthsWithdrawal permissible from seventh year onwards. No prema ture withdrawal all owed before maturity.