PPF Withdrawal Calculator โ Partial Withdrawal & Premature Closure
Check your PPF partial withdrawal eligibility, calculate the maximum amount you can withdraw, estimate premature closure payout after the 1% penalty, and compare the cost of withdrawing now versus keeping your full balance until maturity. Updated for FY 2025-26 with PPF rate 7.1%.
Try another scenario
How to Use This Calculator
Can I Withdraw? tab
Select the financial year in which your PPF account was opened (e.g. FY 2018-19), enter your current PPF balance, and the balance at the end of the 4th financial year preceding the year of withdrawal. The calculator checks whether you have completed 6 FYs (required for partial withdrawal), calculates the maximum amount you can withdraw, and also shows whether the loan facility is available as an alternative.
Premature Closure tab
Enter your current balance, years completed, and select the reason for closure (serious illness, higher education, or NRI status change). The calculator checks eligibility (5+ completed FYs required), then estimates the payout after the 1% penalty. The penalty works by recalculating your entire interest at PPF rate minus 1% (6.1% instead of 7.1%) for the full tenure.
Withdraw vs Stay tab
Enter your current balance, the amount you want to withdraw, years remaining to maturity, and the PPF rate. The calculator compares two scenarios: withdrawing now (getting cash today but losing future compounding) versus keeping the full balance until maturity. It shows the exact opportunity cost in rupees so you can make an informed decision.
Share your result
All inputs are encoded in the URL. Click Share to send your exact PPF withdrawal scenario to a family member, financial advisor, or bookmark it for later.
The Formula
PPF withdrawal rules are defined by the PPF Scheme 2019. The key formulas are:
Max Withdrawal = MIN(50% × Balanceend of 4th preceding FY, 50% × Balanceend of preceding FY)
Eligibility:
Partial withdrawal: From 7th FY onwards (after completing 6 full FYs)
Premature closure: After completing 5 FYs
Loan facility: 3rd to 6th FY only
Loan Against PPF:
Max Loan = 25% × Balanceend of 2nd preceding FY
Interest = PPF Rate + 1% = 7.1% + 1% = 8.1% p.a.
Premature Closure Penalty:
Penalty = Interestat 7.1% − Interestat 6.1% (recalculated for entire tenure)
Payout = Current Balance − Penalty
Opportunity Cost (Withdraw vs Stay):
Future Value = Principal × (1 + r)n
Where r = PPF rate (7.1% = 0.071), n = years remaining
Opportunity Cost = FV(full balance) − FV(remaining balance) − Withdrawal Amount
The key insight: PPF compounds at 7.1% annually. Every rupee withdrawn today loses the compounding benefit for the remaining tenure. At 7.1%, money roughly doubles every 10 years.
Example
Sunita — Teacher in Pune, opened PPF in FY 2018-19, needs funds for home renovation
Sunita (35) opened her PPF account in April 2018 (FY 2018-19). Her current balance is โน8,00,000 and the balance at the end of the 4th FY (FY 2021-22) was โน4,20,000. She wants to withdraw some money for a home renovation. Is she eligible, and how much can she take out?
Step 1: Check eligibility
Step 2: Calculate maximum withdrawal
Step 3: Withdraw vs Stay comparison
Sunita can withdraw up to โน2,10,000. The withdrawal is completely tax-free (EEE status). If she keeps the โน2.1L in PPF instead, it would grow to about โน3.65L over 8 years. She decides the home renovation is worth the โน1.55L opportunity cost, especially since PPF withdrawal is tax-free unlike breaking an FD.