The Public Provident Fund (PP

• F , introduced in 1968, is a government-backed savings instrument. Evaluate the following statements based on its rules: I. A PPF subscriber is permitted to make a partial withdrawal starting from the 7th financial year of the account. II. The loan facility under PPF is available for a maximum of 25% of the balance at the end of the 2nd year immediately preceding the loan application year. III. If the subscriber fails to contribute the annual minimum of Rs. 500, the account becomes discontinued and can be revived by paying a penalty of Rs. 50 per year of default along with arrears. IV. If a PPF account is discontinued, the subscriber loses all accumulated interest permanently as it is forfeited by the government. Which of the statements given above are correct?