Hello,
My friend has been been working in current organization for last 4 years. He bought property last year in May and taken major loan from Private MNC bank. His organization has maintained PF in Government account.
He has query on EPF policy :
- Since he has not completed 5 years of service, can he seek PF withdrawal.
- In case he wants to prepay loan, can he do from PF withdrawal.
- After he attains 5 years in service, is there any option to seek PF withdrawl to prepay loan he has taken.
- If yes, what documentation is needed to do PF withdrawl.
- If PF withdrawl is not possible, is there a procedure so that he can seek loan against PF balance.
Regards,
Ravy
My friend has been been working in current organization for last 4 years. He bought property last year in May and taken major loan from Private MNC bank. His organization has maintained PF in Government account.
He has query on EPF policy :
- Since he has not completed 5 years of service, can he seek PF withdrawal.
- In case he wants to prepay loan, can he do from PF withdrawal.
- After he attains 5 years in service, is there any option to seek PF withdrawl to prepay loan he has taken.
- If yes, what documentation is needed to do PF withdrawl.
- If PF withdrawl is not possible, is there a procedure so that he can seek loan against PF balance.
Regards,
Ravy