What are the conditions in which withdrawal of PF amount is allowed? Can we withdraw it for buying new house? If, yes, how much % we can withdraw? more
36 months of your salary. Only once in your entire service period. Property should be in your name. Application should be sent through your empoyer. Please see http://www.epfochennai.tn.nic.in/advances_withdrawls.html more
The house/land should be on your name or your spouse name or jointly in the name of you and your spouse (no other combination is allowed) You should have completed 5 yrs of service. If you are purchasing land, the maximum permissible amount is 24 times monthly wages. If you are purchasing or constructing a house/flat , then the permissible limit is 36 times monthly wages (including the acquisition of land also) more
Dear Pankaj, I'm sure there is a provision allowing withdrawal of PF from the employee contribution. When to withdraw the money depends on the individual. if she is going for home loan she can reduce rate of interest if she has lump sum amount as down payment. This is my kind view! Thanks & Best Regards, Naina Mohamed Sent from my iPhone > On 23-Oct-2015, at 10:37 am, Pankaj Kohli wrote: > > > Find this email inappropriate - Unsubscribe > LocalCircles is now available on iOS and Android. > > Pankaj Kohli > Pankaj Kohli commented on the Post > Pankaj wrote: "Although no one to give you a personal suggestion, I am of very strong view point that PF money should ONLY be taken out in lump sum when u r sure you will not work any longer. I will recommend to buy a cheaper house and get loan instead of buying a bigger house that may need bigger maintainence and you shed off you money you will need it most when u r not earning. As this is free advise, you can throw if you do not like it. Sorry for going out of the question, I hope you do not mind more..." > View/Comment Reply to this email to post a comment. > This email was sent to nainamohamed619@yahoo.in. If you don't want to receive emails from LocalCircles in future, please Unsubscribe. > LocalCircles, Inc., 1556 Halford Ave., Suite 290, Santa Clara, CA USA 95051. > 107 Urbtech Matrix Tower, Plot No. B-4, Sector - 132, Noida, India, 201304.Privacy Policy. more
Buying a new home is a good idea and I think that to the maximum of 90% of your saving can be partly withdrawn for the purpose and if it is a loan from your saving the repayment of the same will be little bit difficult and period of repayment is very less. So go for part withdraw so that you can save your rental payments. more
Although no one to give you a personal suggestion, I am of very strong view point that PF money should ONLY be taken out in lump sum when u r sure you will not work any longer. I will recommend to buy a cheaper house and get loan instead of buying a bigger house that may need bigger maintainence and you shed off you money you will need it most when u r not earning. As this is free advise, you can throw if you do not like it. Sorry for going out of the question, I hope you do not mind !! Yes, there are ways to take loan from PF and even withdraw them, my strong point is , one should remain away from these benefits. Till one retires, tis money should get fill care form you. more
My retirement has only 4 months. Before retirement I would like to settle my all-personal loans having @12.2 lacs. But I have only source is PF which is now accumulated more than Rs. 32 lacs. Shall...
Once the Government has announced EPF interest rates, what is reason for non reflection in members pass book? Such delays also cause financial loss to members who have to do a final withdrawal...
EPFO has now allowed subscribers to go beyond the pensionable salary capped at Rs 15,000 a month on which employers deduct a sum equal to 8.33% of the ‘actual basic salary’ towards pens...
Dear Respectable Members, I am not sure what guidelines OR procedures to get higher pension from EPF/EPS. I am having only News paper information, that is 6th May 2023 as last date to su...
After recent retirement, I had applied for full PF-amount-release, which was subsequently shown as settled. On the EPF Portal, it shows as - "Your Claim [ Claim Id - xxx ] has been Settled. P...
Earlier I applied form 10D offline at RPFO cuddapah (AP) for pension claim on superannuation. There was no response for verification of scheme certificate for about 3yrs. Finally I could get verif...
On Monday, EPFO announced that all the eligible members of the provident fund body can now opt and apply jointly with their employers for higher pensions till May 3, 2023. Earlier, the deadline for...
MORE IMPORTANT IS RULE, APPLIED ON US FOR LATE PAYMENTS. EPFO ,LOOKS LIKE AN ADMINISTRATIVE INSTITUTION, NOT SERVICE SECTOR. THEY SHOULD PAY. WE SUFFER FOR LATE PAYMENT.THEY CARE FOR NONE.EVEN BAN...
When a payment for advance tax is made late, we have to pay a penal interest to the government. Here EPFO has delayed interest credit by 11 months. Shouldn't they be liable to...