Understanding EPF vs. GPF: Can You Take a Loan from Your PF in Private Companies?

Difference Between EPF and GPF

Can anyone please tell me what is the difference between EPF and GPF?

Loan from PF in Private Companies

In a private company, can an employee take a loan from their PF? If yes, then what will be the amount that can be taken as a loan from PF?

In a private company, can an employee take a loan from their PF?

EPF and GPF Overview

EPF is a contributory fund administered by EPFO. Employees can take loans from EPF as per EPF rules. The General Provident Fund (GPF) follows the General Provident Fund (Central Services) Rules of 1960. For more information, visit the [Department of Pensions and Pensioners' Welfare](http://persmin.nic.in/Pension_Rules.asp).

Checking GPF Balance in Rajkot, Gujarat

To check GPF balance details in Rajkot, Gujarat, visit [GPF Balance/Missing Credits/Debits](http://www.agguj.cag.gov.in/GPFStatus.aspx).

Employees Provident Fund (EPF)

EPF covers employees in the private sector as well as those in the public sector who are not covered by government pension schemes.

General Provident Fund (GPF)

The General Provident Fund (GPF) is applicable to central government, state government, railway, and defense personnel who are covered under old pension schemes. From the year 2005, these offices have dispensed with the old pension scheme. New recruits are covered under contributory pension schemes. Their GPF accounts would also be maintained by Pay & Accounts offices of the concerned ministries/departments as before 2005.

EPF Account Management

EPF accounts are maintained by Regional Provident Fund Commissioners. A temporary advance can be drawn from one's EPF account for specific reasons, repayable in easy installments. Non-refundable withdrawal from an EPF account is allowed only after 5 years of service and only for housing purposes. This withdrawal is non-taxable.