Can I close my PPF account prematurely? Or alternatively can I withdraw money from my PPF account and if yes then what percentage of money can be withdrawn? Can I open a new PPF account after closing the existing PPF account? You can withdraw money from your PPF account any time after completion of five complete financial years meaning you can withdraw money in the seventh running year of the account. Since a person is not allowed to have more than one PPF account at a time, there should not be any problem for you in opening another PPF account after you have closed your existing one.

Source: Mint July 18, 2021 03:22 UTC