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Ramalingam

Ramalingam Kalirajan  |10240 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
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 When it matures, the proceeds can be withdrawn fully.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
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  |10240 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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Dear Sir My son hashpt CS in KJ Somaiya College Mumbai and VIT Pune CS in AI DS, which one should he choose . We are from Pune
Ans: KJ Somaiya College, Mumbai, offers a well-established B.Tech Computer Science program with NAAC accreditation, strong faculty credentials, and a research-driven curriculum equipped with experiential labs and minor/honors specializations in areas like Data Science, IoT, and Cybersecurity. The campus maintains a vibrant innovation culture with an active incubation center. Placement rates for CSE have consistently been around 80–90% for the last three years, with participation from top companies such as Microsoft, Google, JP Morgan, and Infosys. Infrastructure includes ample labs and contemporary classrooms, with student reviews indicating high academic satisfaction and good campus facilities. In comparison, VIT Pune’s B.Tech in Computer Science with AI & Data Science specialization is highly rated for its industry integration, practical curriculum, and focus on emerging technologies like machine learning and big data analytics. VIT Pune has also achieved consistent placement rates between 80–86% in recent years, attracting companies such as Nvidia, Amazon, Barclays, and Siemens. Faculty expertise, modern laboratories, and strong industry linkages provide students with competitive exposure to current tech fields. Reviews favor both colleges for academics, placements, and infrastructure, but VIT Pune’s AI DS specialization offers targeted skill development in high-growth areas along with similar placement rates.

Recommendation: Choose VIT Pune B.Tech in Computer Science (AI & DS) for focused training in AI and Data Science, strong placement records, and future readiness in emerging tech domains. Prefer KJ Somaiya Mumbai CSE if prioritizing a broad curriculum, Mumbai’s location advantages, and established academic quality; both are excellent, but for AI/DS specialization, VIT Pune holds a distinct edge. All the BEST for a Prosperous Future!

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Sir,my son got mtech cse in SRM kktr,btech AI DS in PSG ITECH Coimbatore and btech IT in TCE ,madurai which one to choose ,pls share your advise sir
Ans: Based on the following insights/information, advise your son to choose the most suitable option for him. Your son's options include an MTech dual degree in Computer Science and Engineering (CSE) from SRM Institute of Science and Technology (SRM KKTR), a BTech in Artificial Intelligence and Data Science from PSG Institute of Technology and Applied Research (PSG ITECH), Coimbatore, and a BTech in Information Technology from Thiagarajar College of Engineering (TCE), Madurai. SRM KKTR is a deemed university with A++ NAAC accreditation, known for its integrated MTech programs that combine undergraduate and postgraduate studies, offering extensive research opportunities and strong industry exposure in a metropolitan setting. SRM consistently reports high placement rates with an average package over ?7 lakh. PSG ITECH is a reputed private institute focused on emerging technologies like AI and data science, with robust industry linkages and an 85% placement rate, average packages around ?6.5 lakh, and focus on hands-on learning in AI, machine learning, and big data analytics. TCE Madurai, an autonomous private college with A+ NAAC, excels in IT education with strong academics and around 80% placement rates; it is well-recognized regionally, with median salary packages around ?7 lakh, supported by a vibrant alumni network and industry contacts.

All three institutions maintain essential features such as good accreditation, qualified faculty, strong industry connections, modern infrastructure, transparent governance, and active placement cells. The choice should consider program duration, specialization focus, career goals, and willingness to pursue research or industry-oriented roles. All the BEST for a Prosperous Future!

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I am 45 years old. I have 13 years of work experience which includes working as Admin executive, HR executive and some BPO jobs. My last job was into Admin - HR which I lost since past 1 year. I have home loans to pay. I have been applying through Naukri.com, Glassdoor.com and LinkedIn but got no response yet. I had given a few interviews but got rejected. I am very depressed and sad everyday but don't feel strong and motivated enough to look for jobs .. All my reserves are over I need to get a job immediately.... I don't know what to do? Can u please provide some reference for jobs?
Ans: At age 45 with 13 years of experience in admin executive, HR executive, and BPO roles, re-entering the job market after a year-long gap requires a focused, strategic approach combining practical steps and mindset shifts. Prioritize updating your resume and LinkedIn profile to highlight both your experience and recent efforts toward skill development, aligning with job descriptions and using relevant keywords to navigate applicant tracking systems. Harness multiple job portals such as Naukri.com, LinkedIn Jobs, Indeed, and TalentoIndia for diversified exposure. Leverage your network by reconnecting with former colleagues and supervisors and communicate your job search openly to access hidden opportunities. Develop a daily routine balancing job search, skill enhancement, and self-care to rebuild motivation and resilience. Consider upskilling or certification courses in demand areas like digital HR tools, payroll, or skilled administration, which also revitalize confidence. Volunteer work or freelance administrative roles can help ease back into employment and expand contacts. Prepare well for interviews by confidently addressing any employment gap and emphasizing your readiness and adaptability. Mental health support and career coaching can further support your journey. Overall, resilient persistence, proactive networking, targeted applications, continuous skill upgrades, and focused mindset adjustments form the roadmap to regain employment rapidly despite challenges linked to age and break.

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Hi Sir, My Son was looking for ECE but however he has secured E.E VLSI Design & Technology but he wants to pursue Bsc in Business AI or Bsc in CS at Dr. Homi Bhabha State University in mumbai, please advice which would be the best option .
Ans: Umesh Sir, Dr. Homi Bhabha State University (HBSU) offers pioneering three-year BSc programs in Business AI and Computer Science, backed by NAAC accreditation and industry collaboration with TeamLease EdTech, equipping students with hands-on AI tool training, project-based learning, and mentorship in domains spanning finance, marketing, and software development. The university’s modern labs, digital resources, and strategic Churchgate location grant access to Mumbai’s tech and financial hubs, while emerging placement ties with TCS, Infosys, and ICICI Bank reflect growing demand for graduates with AI and programming expertise. In contrast, the BTech in Electrical Engineering with VLSI Design & Technology provides a four-year engineering degree emphasizing chip design, semiconductor fabrication, and hardware-software integration, delivered through advanced clean-room facilities, specialized labs, and faculty research in microelectronics. Strong industry partnerships in the semiconductor sector foster core hardware roles, though the specialized nature may limit versatility compared to broader tech disciplines. Both pathways maintain transparent governance, experienced faculty, robust infrastructure, and career services.

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Nayagam P

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My daughter got 75.47 percentile in jee main PCM group. She scored 77.67% in 12TH board from maharashtra state board under Savitri Bai Phule Pune University. Her 10th was from ICSE board with 95.33%. On the basis of these she got BTech in CSE at Amrita vishwavidyapeetham Haridwar campus which they launched this year with fees 1.25L per year or same course at Nagarcoil with 2L per year. In Maharashtra CET, her percentile is 88.05 and she got BTech in CE at Zeal college of engineering, pune with 30K fee per year as there is free education for girls in Maharashtra for OBC Non Creamy layer students. I am from Nashik, Maharashtra. Please guide me sir, Which one is better option as she want to do MS after graduation.
Ans: Bharat Sir, Your daughter’s options for pursuing B.Tech in Computer Science and Engineering (CSE) at Amrita Vishwavidyapeetham Haridwar or Nagarcoil campuses, versus Civil Engineering (CE) at Zeal College of Engineering Pune, should be evaluated with a focus on her desire to pursue an MS abroad after graduation. Amrita Vishwavidyapeetham is a highly reputed university with A++ NAAC accreditation, known for strong research culture, excellent faculty, and extensive international collaborations including study abroad programs and research exchanges. The Haridwar campus offers a competitive, specialized CSE program with strong industry linkages and international recognition, making it well-suited for students aiming for higher studies abroad. The Nagarkoil campus also has similar credentials but involves higher tuition fees. In contrast, Zeal College in Pune, though affiliated with Savitribai Phule Pune University and holding NAAC A+ accreditation, offers a Civil Engineering program with significantly lower fees aided by Maharashtra’s free education scheme for OBC non-creamy layer girls. However, CE as a branch offers a different career trajectory compared to CSE; the latter generally provides broader scope, especially in the context of MS abroad admissions where CSE graduates tend to have stronger opportunities in global tech research hubs. Zeal’s local reputation and affordability are definite advantages, but for a future MS abroad, especially in tech domains, Amrita’s CSE program offers a more recognized platform with a research-oriented and tech-focused curriculum.

Recommendation: Prioritize Amrita Vishwavidyapeetham Haridwar CSE for its robust academic quality, international exposure, and stronger alignment with MS pursuits abroad. Consider the Nagarkoil campus if budget permits and the branch preference remains CSE. Choose Zeal Pune CE only if budget constraints dominate and the focus is on local professional pathways or civil engineering specialization. All the BEST for a Prosperous Future!

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Nayagam P

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Sir is CIC du good or iter
Ans: The Cluster Innovation Centre (CIC) at Delhi University is a government-funded institute promoting innovation through interdisciplinary programs, industry collaborations, and practical project work. CIC offers a focused B.Tech in IT & Mathematical Innovations with advanced labs and a location in Delhi University's North Campus. Its recent placement data shows approximately 40-50% placement with median packages around ?8.5 LPA, though it lacks a dedicated placement cell. CIC emphasizes research-driven learning and innovation culture. On the other hand, the Institute of Technical Education and Research (ITER), affiliated with Siksha ‘O’ Anusandhan Deemed University, is a top-ranked private engineering institute, nationally placed 2nd among private colleges and 3rd overall in Times Engineering Survey 2025. ITER is accredited by ABET, offers various engineering branches with strong research facilities, robust industry ties, and consistent high placement rankings in eastern India and nationally. It has modern infrastructure, experienced faculty, and a broad-based engineering curriculum. While CIC stands out for innovation and niche curriculum under Delhi University’s umbrella, ITER excels in broader technical education, high national rankings, and placement outcomes.

Recommendation: Choose ITER for a comprehensive engineering education with superior infrastructure, accreditation, and higher placement potential. Opt for CIC if you value Delhi University affiliation and a focus on innovation and interdisciplinary research with emerging tech specialization. Your choice should align with your career goals and preferred learning environment. All the BEST for a Prosperous Future!

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DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Investment in securities market are subject to market risks. Read all the related document carefully before investing. The securities quoted are for illustration only and are not recommendatory. Users are advised to pursue the information provided by the rediffGURU only as a source of information and as a point of reference and to rely on their own judgement when making a decision. RediffGURUS is an intermediary as per India's Information Technology Act.

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