I am from Chennai, India, working in a company. I just want to know how many times we can withdraw an amount from PF as a loan. I have already withdrawn once as a loan from PF for marriage. Is there any criteria like the number of years gap required or what are the rules?
Thanks,
Divya
From India
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Thanks,
Divya
From India
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Guidelines for Advances
Guidelines for advances are fixed depending upon the purposes for which they are taken. A second-time advance for the same matter is not mentioned except in the case of advances for the addition/alteration of a residential house, for which a waiting period of five years from the first advance taken for purchasing or constructing a residential house is provided.
At the same time, if you have taken an advance for marriage (for which a minimum service of seven years is mandatory), there need not be any more problem for taking an advance for other purposes, such as construction/purchase of a residential house, meeting expenses in connection with hospitalization, or education of children.
Abbas may be able to put his inputs into this matter. Please help.
Regards,
Madhu.T.K
From India, Kannur
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4599Guidelines for advances are fixed depending upon the purposes for which they are taken. A second-time advance for the same matter is not mentioned except in the case of advances for the addition/alteration of a residential house, for which a waiting period of five years from the first advance taken for purchasing or constructing a residential house is provided.
At the same time, if you have taken an advance for marriage (for which a minimum service of seven years is mandatory), there need not be any more problem for taking an advance for other purposes, such as construction/purchase of a residential house, meeting expenses in connection with hospitalization, or education of children.
Abbas may be able to put his inputs into this matter. Please help.
Regards,
Madhu.T.K
From India, Kannur
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For PF Withdrawal You need to fill form 19 and Form 10C and send the filled form along with a self cancelled cheque to the PF consultant.
From India, Delhi
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From India, Delhi
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We can take a loan from PF for purposes such as marriage, house construction, children's education, and medical treatment. I think at least a 5-year gap is required to take another loan.
Regards,
Vidyaranya.
From India, Bangalore
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Regards,
Vidyaranya.
From India, Bangalore
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