How to Do Partial Withdrawal from SBI PPF Account Online via YONO

 

Public Provident Fund (PPF) is one of the most popular long-term savings schemes in India, known for its tax benefits and guaranteed returns. While PPF accounts come with a mandatory 15-year maturity period, you do not have to wait that long to access your funds in times of need.

State Bank of India (SBI) allows account holders to make partial withdrawals from their PPF account completely online through the SBI YONO app once the eligibility criteria are met.

SBI PPF Partial Withdrawal Rules & Eligibility

Before applying for a withdrawal, ensure your account meets the standard rules set by the Government of India:

    1. Lock-in Period: Partial withdrawals are permitted only after the completion of 5 full financial years from the year the account was opened (i.e., from the 7th financial year onwards).

    2. Withdrawal Limit: You can withdraw up to 50% of the balance standing to your credit at the end of the 4th preceding financial year, or the end of the preceding financial year, whichever is lower. The YONO app automatically calculates and displays your exact eligible limit.

    3. Frequency: Partial withdrawal is allowed only once in a financial year.

    4. Prerequisites: An active SBI PPF account linked to your SBI Savings Account and registered access to the SBI YONO application.

Step-by-Step Guide to Withdraw Money from SBI PPF Online

Follow these steps to complete your PPF partial withdrawal online:

    1. Log in to SBI YONO: Open the YONO SBI app on your smartphone and log in using your MPIN or Internet Banking credentials.

    2. Navigate to Investments: On the dashboard, locate and tap on the Investments section. Select the PPF option from the list.

    3. Open Manage PPF Account: You will be redirected to the Manage PPF Account page. Here, you will see your current balance, investments made in the ongoing financial year, and your total Withdrawal Eligibility.

        Select Withdraw Funds: Below your balance overview, locate the quick action links:

        (a) Transaction History

        (b) Manage Nominee

        (c) Change Branch

        (d) Withdraw Funds

        Tap on Withdraw Funds.
       

        4. Review Eligibility: The screen will display your eligible withdrawal limit and any pending scheduled withdrawals. Ensure you have no active scheduled withdrawals, then tap Withdraw Funds to proceed.

        5. Enter Withdrawal Details:

        * Enter the amount you wish to withdraw (up to your maximum eligible limit).

        * Choose the linked SBI Savings Account where the funds should be credited.

        * Select your preferred payout timing (Withdraw Now or Withdraw Later).
Tap Proceed.

        6. Review & Confirm: Verify the transaction summary, destination account number, and amount, then tap Confirm.

        7. Authenticate Transaction: Authorize the request using your MPIN or choose Use OTP instead to receive a one-time password on your registered mobile number. Enter the authentication details and tap Submit.

Once authenticated, a confirmation message with the transaction reference number will appear on the screen. The requested amount will be credited directly to your selected SBI savings account instantly.