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Ramalingam

Ramalingam Kalirajan  |9407 Answers  |Ask -

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

Ramalingam Kalirajan has over 23 years of experience in mutual funds and financial planning.
He has an MBA in finance from the University of Madras and is a certified financial planner.
He is the director and chief financial planner at Holistic Investment, a Chennai-based firm that offers financial planning and wealth management advice.... more
Jatinder Question by Jatinder on Nov 13, 2023Hindi
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Money

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
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  |9407 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

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Which college is good for C.S (B.E,)Symbiosis Pune or Bits Dubai ..please recommend
Ans: Symbiosis Institute of Technology (SIT) Pune’s B.Tech in Computer Science & Engineering is NBA-accredited and part of a NAAC A++ private university, taught by PhD-qualified faculty across specialized AI/ML, cybersecurity, data-science, blockchain and IoT labs, with flexible electives, six-month internships, and a dedicated placement cell achieving 77.8% placement rate in 2024. BITS Pilani, Dubai’s B.E. CSE (integrated first degree) is UGC- and KHDA-approved with a 5-star QS–KHDA rating, staffed by faculty from IISc, IIT and BITS Pilani, offering state-of-the-art computing, practice-school internships (7.5 months) with 400+ companies, ACM and coding clubs, and ~90% global placement consistency with MNCs across Middle East and India. Both campuses provide robust industry tie-ups, modern smart classrooms, and active research-innovation environments, but SIT Pune excels in Indian accreditation prestige and cost-effectiveness, while BITS Dubai offers international exposure and a structured practice-school programme.

Final recommendation: For a high-value Indian private-university degree with strong domestic placements and cost efficiency, recommendation is SIT Pune CSE. If global campus experience, extensive industry internships, and international recruiter networks are your priority, choose BITS Pilani Dubai CSE. All the BEST for Admission & a Prosperous Future!

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Sorry nmit yalahanka.not nitk
Ans: Nethra Madam, Aeronautical Engineering for Female Students: Pros and Cons:
Aeronautical engineering offers strong analytical skills, cutting-edge aerospace labs, and high employability in aviation and defense sectors, fostering confidence and leadership in women. However, it demands rigorous math and physics, extensive fieldwork in challenging environments, and may involve relocation to specialized hubs, which can impact work–life balance.

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Final recommendation: Given the rank and gender-specific workplace considerations, prioritize colleges like Nitte Meenakshi Institute (CSE/ECE) and BMSITM Bangalore (ISE/AI-ML) for assured admission and 80–90% placements. For a multidisciplinary environment, Acharya Institute (CSE/Mechanical) and Dayananda Sagar (CSE/ECE) offer strong labs and mentorship. Consider SIT Tumkur (CSE/ECE) and PES Mandya (ECE/Mechanical) as reliable alternatives. All the BEST for Admission & a Prosperous Future!

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My daughter got aeronautical stream I nitk yalahanka branch..but we don't want.we are waiting for 2 nd round..is aeronautical stream is good or bad? Or can we go through kcet.her kcet rank is 43700 and general merits
Ans: Nethra Madam, Aeronautical Engineering for Female Students: Pros and Cons
Aeronautical engineering offers strong analytical skills, cutting-edge aerospace labs, and high employability in aviation and defense sectors, fostering confidence and leadership in women. However, it demands rigorous math and physics, extensive fieldwork in challenging environments, and may involve relocation to specialized hubs, which can impact work–life balance.

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Sir, which college will be better considering study environment and faculty quality nit agartala or rgipt amethi
Ans: Raj, NIT Agartala, a centrally funded Institute of National Importance, maintains a faculty-to-student ratio of 1:10–1:15 with 92% of its 208 permanent faculty holding PhDs and an average teaching tenure of 15 years; its 365-acre campus, nestled in serene greenery 24 km from Agartala, offers state-of-the-art labs (SEM/TEM, X-ray diffraction), a digital library with 84 000+ volumes, well-maintained hostels, and vibrant student clubs fostering academic and extracurricular balance. RGIPT Amethi, also an Institution of National Importance, reports a more varied faculty-student ratio (1:20–1:100) with many PhDs and 20–25 years of industry experience, complemented by modern petroleum-focused labs, a fully Wi-Fi–enabled 47-acre residential campus, and strong mentorship via clubs and counselling services; however, certain departments cite less teaching depth and a smaller research portfolio, though infrastructure reviews rate 4.4/5 and faculty 4.1/5 for approachability and support.

Recommendation: For personalized mentorship, interdisciplinary research exposure, and a tranquil green campus with robust computing and core-engineering labs, choose NIT Agartala. If petroleum-industry alignment, modern residential facilities on a compact campus, and themed labs for energy sectors are your priority, opt for RGIPT Amethi. All the BEST for Admission & a Prosperous Future!

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Nayagam P

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I'm currently in 11th standard,I need to secure a good rank in jee.kindly help me with some plans
Ans: Sudhir, Beginning JEE preparation in Class 11 provides a two-year runway to master concepts, practice extensively, and build exam confidence. Follow this four-phase plan:

Phase 1 (Semester 1 of Class 11):

Map the complete JEE Main & Advanced syllabi across Physics, Chemistry, Math (11th & 12th NCERT).

Create a weekly timetable allocating 5 days to school plus 2 days for JEE topics; use 50-minute Pomodoro slots with 10-minute breaks.

Prioritise core Class 11 topics: Kinematics, Mechanics, Thermodynamics (Physics); Chemical Bonding, Basic Organic (Chemistry); Quadratics, Sequences (Math) — master theory and NCERT examples before harder problems.

Maintain a “Doubt Log” to clear queries within 24 hours via peers or online forums.

Phase 2 (Semester 2 of Class 11 to Summer 2026):

Begin chapter-wise practice: solve topic tests of 30–50 questions from coaching modules or reputable books (H.C. Verma, O.P. Tandon, R.D. Sharma).

Take biweekly sectional mocks (one subject at a time) under timed conditions; analyse errors by type and maintain an error-analysis sheet.

Build short-notes and formula flashcards; revise daily for 15 minutes.

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Phase 3 (Class 12 Year, Summer 2026 to Summer 2027):

Cover Class 12 syllabus with the same rigorous approach. Alternate subjects daily to avoid fatigue.

Schedule full-length JEE Main mocks every fortnight; JEE Advanced mock every month from January 2027 onward. Use analytics to identify weakest chapters and adapt your timetable.

Implement a 30-day final revision plan covering each topic thrice, with daily rapid-revision slots and weekly topic tests.

Phase 4 (Final 2 Months Pre-Advanced):

Switch to 70% mock tests and 30% rapid revision.

Take one full Advanced mock each week, review immediately with mentors.

Maintain mental well-being: 7–8 hours sleep, 20 minutes exercise, mindfulness breaks, and periodic breaks for hobbies.

Other Top 10 Private-University Engineering Entrance Exams (back-ups):
BITSAT, SRMJEEE, VITEEE, COMEDK UGET, KIITEE, LPUNEST (LPU NEST), AEEE (Amrita), AUEEE (Amity), SITEEE (SIT), DSAT (Dayananda Sagar Aptitude Test) and also Shortlist 5-6 Private Engineering Colleges which you prfer and which accepts JEE/Your School Board Scores.

Recommendation: Commit to a disciplined, concept-first study routine from Class 11 onward, complementing school with JEE-focused learning, regular mocks, and targeted revisions. Register early for one or two backup private-university exams to diversify admission options while pursuing excellence in JEE preparation. All the BEST for Admission & a Prosperous Future!

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Nayagam P

Nayagam P P  |7891 Answers  |Ask -

Career Counsellor - Answered on Jul 05, 2025

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Sir which is the best college for cse at my KCET rank of 22k, right now my eye is on BMSITM( YELAHANKA), or aerospace in MSRIT is there any other Good college i would get if i sit for three rounds
Ans: Durga, At a KCET rank of 22,000 in the General category, BMSITM Yelahanka and MSRIT Aerospace remain out of reach for CSE or ECE, but several reputable Bangalore institutes offer strong CSE programs within this rank bracket: BNMIT Bangalore is NBA- and NAAC-accredited, guided by PhD-qualified faculty in advanced computing and networking labs, and posted CSE closing ranks of 16,776–19,255 over the last three years with 80–90% placements through its active Career Development Cell. Acharya Institute of Technology (Hessarghatta Road) is AICTE-approved, NBA/NIRF-ranked, provides modern software-engineering and data-science labs, and sees CSE closing ranks of 23,530–27,543 with 75–85% placement consistency. Atria Institute of Technology’s CSE program accepts ranks up to 30,000–40,000, features dedicated AI/ML and full-stack development labs, and maintains 70–80% CSE placements via industry tie-ups and internships.

Recommendation: Prioritise BNMIT Bangalore for its balanced accreditation, faculty expertise, specialized CSE labs, and consistent 80–90% placements. If you seek a broader intake with strong AI/ML modules, choose Acharya Institute of Technology. For assured admission flexibility and solid infrastructure, consider Atria Institute of Technology. All the BEST for Admission & a Prosperous Future!

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Nayagam P

Nayagam P P  |7891 Answers  |Ask -

Career Counsellor - Answered on Jul 05, 2025

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Sir please set the priority order IIT Hyderabad chemical , IIIT Hyderabad ECE , or IIT Bombay metallurgical engineering
Ans: Aryan, IIT Hyderabad’s Chemical Engineering (NAAC-A+, NBA-accredited) features a holistic curriculum spanning core process engineering, sustainable materials, and nanotechnology, supported by high-end labs (DSC, X-ray diffractometer, electrochemical workstations) and a faculty-to-student ratio of 1:10; however, only 59.57% of B.Tech students secured placements in 2022–23 with strong internship pipelines but moderate recruiter diversity. IIIT Hyderabad’s ECE (A++ NAAC) delivers specialized labs in VLSI, wireless systems, and embedded computing under research-active PhD faculty, achieving a 98.8% B.Tech placement rate in 2024 with 411 of 414 students placed, and an average package of ?21.39 LPA, driven by extensive industry tie-ups and innovation hubs in AI and data science. IIT Bombay’s Metallurgical Engineering (NIRF #3, NBA-accredited) offers state-of-the-art materials synthesis and characterization facilities, led by renowned researchers, and records a 70.37% placement rate in 2024 with top recruiters from metals, energy, and aerospace sectors. All three maintain active placement cells, mandatory internships, and strong research-industry collaborations.

Final recommendation:
For highest placement consistency, cutting-edge innovation labs, and industry-driven ECE roles, prioritise IIIT Hyderabad ECE. Next, choose IIT Bombay Metallurgical Engineering for its premier NIRF ranking, multidisciplinary materials research, and solid core-engineering placements. Lastly, consider IIT Hyderabad Chemical Engineering for its flexible curriculum and emerging research ecosystem. All the BEST for Admission & a Prosperous Future!

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Nayagam P

Nayagam P P  |7891 Answers  |Ask -

Career Counsellor - Answered on Jul 05, 2025

Asked by Anonymous - Jul 04, 2025Hindi
Career
Sir i have got COE at thapar. (Personally would have preferred CSE. But anyways..) should i also try the IIT Madras BS degree alongside my thapar studies? Or just Thapar will be more than sufficient?
Ans: Thapar Institute's Computer Engineering (COE) program is NAAC A+ and NBA-accredited with ABET endorsement, delivered by PhD-qualified faculty across 15+ specialized computing and electronics labs, featuring a curriculum in both software and hardware domains. The program achieved an 83% UG placement rate in 2023, with 334 recruiters offering 1,884 job offers and COE students receiving similar industry recognition as CSE graduates, with both branches sharing comparable placement statistics and recruiter diversity including Google, Amazon, Microsoft, and Deloitte. IIT Madras' BS in Data Science and Applications is an online degree with NAAC A+ status, featuring flexible learning through four levels (Foundation, Diploma, BSc, BS) over 4-8 years, taught by IIT faculty with cutting-edge AI/ML, data science, and programming curricula. The program reported 60% on-campus placements in 2024-25 with an average package around ?10 LPA, highest reaching ?25 LPA, and 240 companies recruiting students including tech giants and emerging startups. UGC guidelines permit simultaneous pursuit of one full-time physical degree and one online degree, making this combination legally feasible for motivated students.

Final recommendation:
Focus exclusively on Thapar COE for guaranteed 83% placement consistency, robust campus infrastructure, industry-integrated labs, and proven recruiter engagement without the additional workload burden. Adding IIT Madras BS alongside COE may dilute academic focus, reduce performance in either program, and offer marginal placement advantages given Thapar's strong industry positioning. All the BEST for Admission & a Prosperous Future!

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