Dear Seniors,
Greetings of the day! I left a company in 2010. I'm working in a company for 1.5 years, and I don't have any PF account in my present company. I'll join a new company soon. I need money in Dec '12. My question is:
1. Can I continue with my previous PF account in the new company? If yes, then shall I take a loan from my PF account later on? How much amount of loan can one take from a PF account, and what is the eligibility for the same?
or
2. Shall I open a new PF account and later close the previous one?
Which option would be wiser and help save more money?
Please suggest.
With Thanks & Regards,
SM
From India, Gurgaon
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3Greetings of the day! I left a company in 2010. I'm working in a company for 1.5 years, and I don't have any PF account in my present company. I'll join a new company soon. I need money in Dec '12. My question is:
1. Can I continue with my previous PF account in the new company? If yes, then shall I take a loan from my PF account later on? How much amount of loan can one take from a PF account, and what is the eligibility for the same?
or
2. Shall I open a new PF account and later close the previous one?
Which option would be wiser and help save more money?
Please suggest.
With Thanks & Regards,
SM
From India, Gurgaon
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PF Loan Inquiry
Please tell me about the PF loan because one of my friends wants to take a loan from the EPF department. His total deposited amount is ₹50,000, and he has been a member since 01/04/2007.
Please explain briefly.
Thanks,
AJ
From India, Delhi
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Please tell me about the PF loan because one of my friends wants to take a loan from the EPF department. His total deposited amount is ₹50,000, and he has been a member since 01/04/2007.
Please explain briefly.
Thanks,
AJ
From India, Delhi
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Here is attachment showing various types of Loans & Advances can take from EPFO.
From India, Jaipur
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From India, Jaipur
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.
Withdrawal of PF for housing loan 5.6.2012.pdf
Guide Lines for PF Withdrawal.doc