Sir, I am PF Account holder from 2005 to till date .. from 2005 to 2007 i was transfereed the Old PF amount to new PF Account ..
In my PF account i have 2 lacs..
As per EPF Law , Para 68-B I am eligible for 24 months wages (Basic & DA) OR Member's own share of contribution + Company's share of Contribution with interest thereon
My 24 month of Basic+DA comes around 7 Lacs..
Question:
1. Could you please tell me how much amount i can get Advance from PF.
2. How to get the loan?.
3. Also, guide my about repayment of loan?
4. What is timeline for getting the loan?
From India, Bangalore
Acknowledge(0)
Amend(0)
In my PF account i have 2 lacs..
As per EPF Law , Para 68-B I am eligible for 24 months wages (Basic & DA) OR Member's own share of contribution + Company's share of Contribution with interest thereon
My 24 month of Basic+DA comes around 7 Lacs..
Question:
1. Could you please tell me how much amount i can get Advance from PF.
2. How to get the loan?.
3. Also, guide my about repayment of loan?
4. What is timeline for getting the loan?
From India, Bangalore
Acknowledge(0)Amend(0)
Firstly, I want to tell you that to take a loan from PF, you must complete 7 years of continuous service; only then are you eligible. To get a loan, fill out Form-31. There is no provision for loan repayment in PF. What is the purpose of taking an advance from PF?
From India, Kanpur
Acknowledge(1)
Amend(0)
2From India, Kanpur
Acknowledge(1)Amend(0)CiteHR is an AI-augmented HR knowledge and collaboration platform, enabling HR professionals to solve real-world challenges, validate decisions, and stay ahead through collective intelligence and machine-enhanced guidance. Join Our Platform.
Procedure for PF Loan.doc
Withdrawal of PF for housing loan 5.6.2012.pdf