The conversation between human and AI assistant.
What are the PPF benefits?
Okay, that's good to know. Is there a penalty for premature withdrawals?
Yes, there is. You can make partial withdrawals from your PPF account from the seventh year of opening the account, subject to certain conditions. However, if you withdraw the entire amount before the end of the fifteenth year, you will have to pay a penalty of 1% per annum on the interest earned on your PPF contributions.