I have started PPF account the Bank Of India 4 yrs before. Now want to close my account. Can I close my account? What will happen with my PPF Account? How to close the PPF account before maturity?
The first basic rule is that you will not be allowed to close the account before the completion of 5 years of PPF. The second rule is that you are allowed to close the PPF account only for certain reasons. I explained the whole process in my earlier post. Please refer the same at “Premature closure of PPF account – New Rules 2016“.