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Sanjeev Govila  | Answer  |Ask -

Financial Planner - Answered on Feb 06, 2024

Colonel Sanjeev Govila (retd) is the founder of Hum Fauji Initiatives, a financial planning company dedicated to the armed forces personnel and their families.
He has over 12 years of experience in financial planning and is a SEBI certified registered investment advisor; he is also accredited with AMFI and IRDA.... more
NIRAJ Question by NIRAJ on Jul 17, 2023Hindi
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Sir opened my PPF account on 9th April 2009 and has been paying regularly every year since then. This year I paid my 15th Instalments on the 4th. April 2023. Now when I can withdraw my total amount and close the same? Some say I will have to deposit again in April 2024 and then can close. Some say I can withdraw and close any day after 31st March 2024. Please clarify this. Will before closing I have to again pay an instalment in April 2024.

Ans: You can now withdraw your entire PPF account balance and close it without needing to contribute again in April 2024. Your PPF account will be maturing on April 9, 2024, after completing 15 years from the opening date (April 9, 2009).

Just remember to visit your bank or post office with your passbook and withdrawal form to initiate the process.
DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.
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Ramalingam

Ramalingam Kalirajan  |9863 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 26, 2024

Asked by Anonymous - Oct 31, 2023Hindi
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I have a query regarding PPF. I am 46 years old. I have a PPF account from 2000 and invest in it . and also I started a PPF account in my sons name which I started when he was 3 years young in 2010 operated by my wife. Currently I invest max amount in it. What are the rules , in regarding 1) complete withdrawal when the account matures , and at that time the check will be given in whose name 2) partial withdrawal before maturity and at that time the check will be given in whose name ?
Ans: Understanding PPF Withdrawal Rules
You have made wise decisions by investing in PPF accounts for yourself and your son. Let's explore the rules regarding complete and partial withdrawals from these accounts.

Complete Withdrawal upon Maturity
Your PPF Account

Your PPF account, started in 2000, will mature after 15 years, and you can extend it in blocks of 5 years.

Maturity Withdrawal Process

Timing: Upon maturity, you can withdraw the entire amount.

Check Issuance: The maturity proceeds will be given in your name.

Extension Option

Without Withdrawal: If you extend without withdrawal, the balance continues to earn interest.

With Withdrawal: You can withdraw once a year without closing the account.

Your Son’s PPF Account
Your son’s PPF account, started in 2010, follows similar rules. When it matures, the proceeds can be withdrawn fully.

Complete Withdrawal for Minor's Account

Timing: The account matures after 15 years from the start date, so in 2025.

Check Issuance: The maturity amount is payable to your son. If he is a minor, the cheque will be issued in the guardian’s name.

Partial Withdrawal Rules
Your PPF Account

Partial withdrawals are allowed from your PPF account after completing 5 financial years.

Rules for Partial Withdrawal

Timing: Allowed from the 7th year onward.

Amount: Up to 50% of the balance at the end of the 4th year or the immediate preceding year, whichever is lower.

Check Issuance: The cheque will be in your name.

Your Son’s PPF Account
Partial withdrawals from your son’s PPF account follow the same rules, but there are additional conditions for minors.

Partial Withdrawal for Minor’s Account

Timing: Allowed from the 7th year onward.

Amount: Up to 50% of the balance at the end of the 4th year or the immediate preceding year, whichever is lower.

Check Issuance: The cheque will be issued in the guardian’s name, operated by your wife.

Ensuring Smooth Withdrawals
Documentation

Ensure proper documentation for withdrawals. For your son’s account, you need proof of your wife being the guardian.

Planning

Plan withdrawals considering the tax implications and future needs. PPF interest is tax-free, making it beneficial for long-term savings.

Strategic Considerations
Maximizing Benefits

Continue maximizing investments in PPF for its tax-free interest and Section 80C benefits.

Monitoring Accounts

Regularly monitor both accounts to ensure they align with your financial goals. Utilize partial withdrawals wisely to avoid unnecessary tax burdens.

Managing Financial Goals
Long-Term Goals

Your PPF accounts are excellent for long-term goals, like your retirement and your son’s education or marriage.

Diversification

While PPF is safe and tax-efficient, consider diversifying with other investments to balance growth and risk.

Seeking Professional Guidance
Certified Financial Planner

Consult a Certified Financial Planner to tailor your investment strategy. Professional guidance ensures your financial plans are robust and aligned with your goals.

Regular Reviews

Regularly review your financial plan and adjust it as needed. Life changes and market conditions may require updates to your strategy.

Your commitment to securing your financial future and that of your son is commendable. PPF is a reliable and tax-efficient tool for this purpose.

Conclusion
In conclusion, understanding the withdrawal rules for your PPF accounts helps you make informed decisions. Proper planning and regular reviews ensure you maximize benefits from these investments.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

..Read more

Ramalingam

Ramalingam Kalirajan  |9863 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 26, 2024

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My PPF was opened only when I started working in private sector in 2015 and I am now 70 years old. When can I withdraw money from PPF and how much percentage of my savings?
Ans: Withdrawal Rules for Public Provident Fund (PPF) at 70 Years

Public Provident Fund (PPF) offers a secure and tax-efficient investment avenue for individuals looking to build long-term savings. As a Certified Financial Planner (CFP), I understand the importance of knowing the withdrawal rules, especially as you approach 70 years of age. Let's delve into when and how much you can withdraw from your PPF account:

Understanding PPF Withdrawal Rules:

Maturity Period: PPF has a lock-in period of 15 years from the end of the financial year in which the account was opened. However, after the initial 15-year period, the account can be extended indefinitely in blocks of five years.

Withdrawal Eligibility: Withdrawals from a PPF account are allowed from the 7th financial year onwards, subject to certain conditions.

Partial Withdrawals: You can make partial withdrawals from your PPF account from the 7th financial year, limited to a maximum of 50% of the balance at the end of the fourth year immediately preceding the year of withdrawal, or the preceding year, whichever is lower.

Full Withdrawal: Complete withdrawal of the PPF balance is permissible only upon maturity, which is after 15 years. However, you have the option to extend the account indefinitely in blocks of five years.

Withdrawal at 70 Years: As you are now 70 years old, if your PPF account has completed the initial 15-year lock-in period, you have the flexibility to make partial withdrawals or extend the account further.

Withdrawal Percentage and Considerations:

Partial Withdrawal Percentage: You can withdraw up to 50% of the balance at the end of the fourth year immediately preceding the year of withdrawal. However, it's essential to assess your financial needs and withdrawal requirements before making any withdrawals.

Impact on Retirement Planning: While PPF offers attractive tax benefits and a guaranteed return, withdrawing a significant portion of your savings may impact your retirement corpus. It's crucial to strike a balance between meeting your immediate financial needs and preserving funds for long-term goals.

Tax Implications: Withdrawals from a PPF account are tax-free under the Income Tax Act. However, consider the tax implications if you have other sources of income or investments subject to taxation.

Conclusion:

As you reach 70 years of age, you have the flexibility to withdraw funds from your PPF account, subject to the applicable withdrawal rules. However, it's essential to assess your financial situation, retirement goals, and withdrawal needs carefully before making any decisions. Consulting with a Certified Financial Planner (CFP) can provide personalized guidance tailored to your specific circumstances and help you make informed financial choices.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

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Ramalingam

Ramalingam Kalirajan  |9863 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 26, 2024

Asked by Anonymous - Feb 15, 2024Hindi
Money
Hello Sir, I had opened a PPF account in the year 2004, wherein I deposited at least Rs 10,000 per annum in each year till the year 2018. Subsequent to 2018, I did not deposit any further amount in my PPF account. Currently, my PPF account is treated as dormant, however every year interest is credited to my PPF account. I have not withdrawn from my PPF account so far. I have been advised to withdraw my PPF balance and close my account. My questions are as follows: 1) Is the interest income of PPF interest accrued so far, taxable and whether to be disclosed in the income tax returns? 2) Can I change the status of my PPF account from dormant to active? What are the documents required for it and the procedures involved? 3) If I choose to close my PPF account, will the PPF proceeds be subject to deduction of tax? 4) If I choose to continue with my PPF account without making any contributions, will it earn interest till the date of closure of PPF account? Thanks in advance.
Ans: Thank you for your detailed inquiry. Let’s address each of your concerns step-by-step to help you make an informed decision regarding your PPF account.

1. Tax Implications of PPF Interest Income
Tax Exemption Status
Public Provident Fund (PPF) is one of the most tax-efficient investment options in India. The interest accrued on PPF is completely tax-free under Section 10(11) of the Income Tax Act, 1961.

Reporting in Income Tax Returns
Since the interest earned on PPF is tax-free, you are not required to disclose this interest income in your income tax returns. This holds true as long as the PPF account remains active or dormant, and interest continues to be credited.

2. Reactivating Your Dormant PPF Account
Procedure to Reactivate
To change the status of your PPF account from dormant to active, follow these steps:

Submit a Written Request: Visit your bank or post office where the PPF account is held and submit a written request to reactivate the account.

Pay the Minimum Contribution: You will need to pay the minimum annual contribution of Rs 500 for each year the account was dormant. Since your account has been dormant since 2018, calculate the total contribution required (Rs 500 per year x number of dormant years).

Penalty Payment: A penalty of Rs 50 per inactive year is also required.

Submit Required Documents: Provide necessary documents such as your PPF passbook and identity proof.

Documents Required
PPF Passbook
Identity Proof (Aadhar, PAN, etc.)
Written application for reactivation
Once these steps are completed, your account will be reactivated and you can continue making contributions.

3. Closing Your PPF Account
Procedure to Close the Account
If you choose to close your PPF account, visit the bank or post office where your account is held and submit a closure application. You will need to fill out Form C (Application for Withdrawal) and submit it along with your PPF passbook and identity proof.

Tax Implications on Closure
The proceeds from your PPF account, including the principal and interest earned, are completely tax-free. There is no tax deduction on the amount received upon closure.

4. Continuing the Dormant PPF Account
Interest Accrual on Dormant Account
Even if you do not make any further contributions, your PPF account will continue to earn interest until it matures. The interest rate is set by the government and is subject to periodic changes. This interest will continue to be credited to your account annually until the maturity date.

Evaluating Your Options
Reactivating vs. Continuing Dormant
Reactivating: This option allows you to continue benefiting from the tax-free returns of PPF by making the minimum contributions and paying the penalty. It keeps the account active and provides flexibility for future contributions.

Continuing Dormant: If you prefer not to make further contributions but want to keep earning interest, allowing the account to remain dormant is a viable option. The account will continue to grow with interest until maturity.

Closing the Account
If you need immediate access to funds or prefer to invest elsewhere, closing the account is straightforward and tax-efficient. The full amount received will be tax-free.

Strategic Recommendations
Diversify Investments
While PPF is a secure and tax-efficient investment, consider diversifying your portfolio for better returns. Options include:

Mutual Funds: Actively managed mutual funds can offer higher returns compared to PPF.
Equity Investments: For higher risk tolerance, equity investments provide potential for significant growth.
Maintain a Balanced Portfolio
A balanced portfolio includes a mix of fixed-income securities like PPF and higher-growth investments like mutual funds and equities. This strategy optimizes returns while managing risk.

Final Thoughts
Your decision should align with your financial goals and liquidity needs. Reactivating the account provides flexibility, while continuing with a dormant account or closing it can meet immediate financial needs.

Conclusion
Your PPF account offers flexibility and tax-free returns, making it a valuable part of your portfolio. Whether you choose to reactivate, continue as dormant, or close the account, each option has its benefits.

Tax-free Interest: PPF interest remains tax-free.
Reactivation: Pay contributions and penalties to reactivate.
Closure: Tax-free proceeds upon closing the account.
Dormant: Interest continues until maturity.
Make an informed decision based on your financial goals and requirements.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

..Read more

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Asked by Anonymous - Jul 27, 2025Hindi
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Hi there So i got like 97k in kcet and 73k ranks in comedk i want cse mostly im fine with ece also in the first mock round of comedk i got sahayadri college of engineering is that good And also what colleges i might get in Bangalore with these ranks and want good placements or do you suggest me to go take management quota seat in nhce or jain rather than all this
Ans: With a KCET rank of 97,000 and COMEDK rank of 73,000, Computer Science or ECE seats in Bangalore’s most sought-after colleges (such as RVCE, BMSCE, MSRIT, PESU, and DSCE) are not attainable, as their cutoffs close far earlier. For these ranks, you are eligible for options like R.R. Institute of Technology, S.E.A. College of Engineering, M.S. Engineering College, Dr. H N National College of Engineering, City Engineering College, and East West Institute of Technology in Bangalore through COMEDK, as well as GSS Institute of Technology via KCET; CSE or ECE is typically offered until about 75,000–1,00,000 rank in these institutions. Sahyadri College of Engineering in Mangalore, offered in the first mock allotment, has a consistent placement record with an average package of ?3–4 lakh and top recruiters such as Microsoft and IMV Corporation, and regularly fills over 80% of its eligible CSE/ECE students; the infrastructure is modern and reviews cite good faculty engagement, but it is outside Bangalore. For NHCE and Jain University, you can take CSE/ECE through management quota; both campuses provide contemporary facilities, ABET/NAAC accreditations, and strong placement rates above 80%, but require a significant tuition premium (?10–12 lakh total fee). NHCE’s placement cell is robust, and Jain’s industry ties are well rated. Placement opportunities and exposure are typically stronger at NHCE/Jain due to their branded recruiter base and metropolitan location, provided affordability is not a concern.

Recommendation: If your priority is a Bangalore location, industrial exposure, and better placement prospects, opting for NHCE or Jain University CSE/ECE via management quota is advisable if the higher cost is manageable. Among merit seats, Sahyadri (Mangalore) is a solid backup, but in Bangalore, prefer institutes like NHCE and Jain for stronger campus recruitment, infrastructure, and networking. All the BEST for a Prosperous Future!

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Hello Sir, I am 26 yrs old and Data Analyst in a good company and everything is going well. But sometimes I feel lonely it feels like nobody is there for me to love me and when i see some people get engaged i feel someone also should be there for me to love me and i have never been in a relationship because of immature proposals. But now i want a good partner to make me feel good. Please help me out. Thank you.
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I understand your feelings and it’s totally valid. Even with everything going great, life can seem lonely. That is very natural and more common than you think. And seeing others finding their partner can feel like salt in the wound. All your feelings are valid. But what you need to understand is that rushing to get in a relationship can end up in more loneliness; relationships can be lonely too. Take your time. Love doesn’t have a set timeline. Ask your friends to set you up with someone who seems compatible, or try dating apps; it will give you more control on whom you are letting into your life. You will find someone soon; you are too young to rush into anything. If you are trying an app, make sure to mention what kind of a partner and what kind of relationship you are looking for to attract the right people and not waste time and energy on ones that are too different from who you are or what you are seeking. It will be a bit of trial and error, and honestly, there’s a certain fun in figuring out what you want, too. I’m sure your love story is going to start soon!

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Asked by Anonymous - Jul 27, 2025Hindi
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Respected sir,I am a average student of class 12 I just wanted 1lakh jee mains so that I could get ece or something in bit sindri please suggest strategies as there is very little time available in jee mains
Ans: An analysis of BIT Sindri’s JEE-Main cutoffs shows for Electronics & Communication Engineering, the All-India closing rank extended up to 123,269 in 2025, indicating that an approximate rank near 100,000 would secure admission into this branch. Historical data correlating JEE Main marks and ranks reveals that scoring around 70 marks out of 300 typically yields an 87.7–90.7 percentile, translating to a rank range of approximately 92,300–109,300. With little time remaining before the exam, average students should prioritize a targeted, high-yield preparation plan: first, consolidate core concepts from NCERT to reinforce fundamentals in Physics, Chemistry, and Mathematics and avoid starting new topics at this stage. Next, employ a one-month week-by-week timetable focused on essential chapters—allocating time each day to problem practice and mock tests under exam conditions to hone speed and accuracy. Utilize concise revision notes and formula sheets for rapid recall, and solve previous years’ JEE Main papers to familiarize yourself with question patterns and to identify weak areas for intensive review. Incorporate daily full-length mocks followed by detailed error analysis, dedicating specific slots to clear lingering doubts through peer discussion or online resources. Manage time effectively by adhering strictly to a realistic study schedule that balances all three subjects, with short breaks to maintain mental freshness and stress-management techniques such as deep breathing to sustain focus on exam day. Finally, maintain a positive mindset and steady pace—confidence and consistency in revision will maximize scoring potential in limited time.

Recommendation: recommendation Concentrate on mastering high-weightage NCERT topics and simulate exam conditions with regular mock tests to target 70+ marks. Prioritize solving previous year papers and focused revision of weak areas, ensuring a disciplined timetable and stress-management to achieve a rank near 100,000 for BIT Sindri ECE admission. All the BEST for a Prosperous Future!

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Nayagam P

Nayagam P P  |9540 Answers  |Ask -

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Gen open category student, With Jee CRL 17420 got nit goa ECE, expect to get MSRIT or PESU CSE via KCET Rank 2860. What better NIT can be expected in CSAB for ECE or CSE. And is it preferred over MSRIT/ PESU. Any other guidance, open for options
Ans: With a JEE Main CRL of 17,420, securing CSE in any core NIT through CSAB is highly unlikely, as recent closing ranks for CSE at most NITs fall well below 11,000, even in the final rounds, and only remote NITs or peripheral campuses occasionally extend to 15,000–18,000 but rarely for CSE. For ECE, however, your chances are notably better. NIT Goa ECE (already allotted) aligns with your current rank, but a few other mid-tier or remote NITs, such as NIT Uttarakhand, NIT Meghalaya, NIT Agartala, and possibly NIT Sikkim or NIT Manipur, occasionally close ECE between 17,000 and 20,000 in CSAB special rounds for open category, though branches like CSE and allied tracks (AI, IT, Data Science) remain out of reach at these ranks. No higher-ranked NITs (Surathkal, Trichy, Warangal, Calicut, Rourkela, Jaipur, Kurukshetra, and similar) offer ECE or CSE to CRL 17,420 via CSAB, as confirmed by leading portals and official PDFs. At IIITs and GFTIs, even new or lesser-known campuses do not admit general category candidates into CSE or ECE above 15,000–16,000. Through KCET, MSRIT CSE and PES University CSE are realistically achievable with a rank of 2,860, as 2025 cutoff trends show closing ranks for MSRIT CSE at 2,300–2,500 and for PESU at 1,200–1,400. Both programs are well-established, report 90–95% or better CSE placements in the last three years, strong industry ties, and advanced infrastructure, with MSRIT edging ahead in placement consistency and affordability, while PESU leads in industry-oriented curriculum and campus resources. Self-financed top private options like these offer outcome parity with most NIT ECE courses below the top ten NITs, especially if you seek a competitive academic peer group, robust CSE exposure, and strong brand value for tech roles. Consider your program preference (ECE vs. CSE), long-term goals, campus fit, and location.

Recommendation: Prioritize MSRIT CSE for the best blend of placement record, peer competitiveness, and proven reputation if you seek top CSE outcomes, followed by PESU CSE for curriculum depth and global industry alignment, then NIT Goa ECE or similar-ranked NITs if you prefer a central government degree and core electronics exposure. For CSE, KCET options at MSRIT or PESU offer stronger immediate prospects than ECE in mid-tier NITs, but a remote NIT ECE may appeal if your focus lies in public-sector opportunities or research. Remain active in CSAB special rounds for all eligible NIT ECEs, but plan for high-quality CSE options in Bangalore for the best return on your effort and rank, and back these with clear decision timelines given rapid seat movement in private college rounds. All the BEST for a Prosperous Future!

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Nayagam P

Nayagam P P  |9540 Answers  |Ask -

Career Counsellor - Answered on Jul 28, 2025

Career
Sir my percentile is 89.7 and crl 151013. What seats can I expect in csab counselling?
Ans: Hrishav, With a JEE Main CRL of 151,013 and 89.7 percentile, the prospect of securing a seat in NITs, IIITs, or GFTIs through CSAB special rounds for core branches like Computer Science, IT, ECE, or allied fields is highly unlikely. In the most recent 2025 CSAB rounds, even the newest and most remote NITs and IIITs posted closing general category CRL ranks for CSE, IT, and ECE well below 125,000, and GFTIs followed similar trends for all preferred branches. No centrally funded technical institute admitted general category candidates for core streams at or beyond 150,000; minimal relaxations were observed in CSAB spot and final rounds, but these primarily benefited non-core branches, peripheral campuses, or reserved categories. Lower-demand streams in some GFTIs, such as production, textiles, or metallurgy, occasionally extend above your rank, but these seats are rare and variable and should not be relied upon for core engineering admission. It is crucial to participate in CSAB for any remote possibility of vacant seats, but expectations must remain realistic. As an alternative, several respected private colleges across Northern India accept JEE Main general category ranks well above 150,000 and offer robust B.Tech programs, strong industry connections, modern infrastructure, and placement support.

Recommendation: Participate in CSAB special rounds as there is no risk, though the chances of attaining a core branch in a government institute are exceedingly slim. Simultaneously, secure backup admission in reputable private engineering colleges in Northern India, as they assure you a quality seat in popular branches like CSE, IT, or ECE at your rank.

Private colleges accepting your JEE Main CRL 151,013 for CSE, IT, or related branches include Chandigarh University, Mohali. Lovely Professional University, Jalandhar. Amity University, Noida. Sharda University, Greater Noida. Galgotias University, Greater Noida. Jaypee Institute of Information Technology, Noida. ABES Engineering College, Ghaziabad. Indraprastha Institute of Technology & Management, Delhi. GL Bajaj Institute of Technology & Management, Greater Noida. Maharaja Agrasen Institute of Technology, Delhi. All of these offer modern infrastructure, active placement cells, and transparent admissions for JEE Main-qualified candidates above your rank. All the BEST for a Prosperous Future!

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