Hi Experts,
Please suggest on my below condition:
- I had withdrawn PF some time back for purchasing a plot.
- I am now planning to withdraw PF for purchasing a flat.
- I was told that I can't withdraw for a flat, as I had taken PF money for the plot purchase and can only withdraw PF for constructing a house on the purchased plot.
Can someone please suggest whether I can go ahead and submit the PF withdrawal form to withdraw money for a flat purchase.
Thanks,
Shahnawaz
From India, Bengaluru
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Please suggest on my below condition:
- I had withdrawn PF some time back for purchasing a plot.
- I am now planning to withdraw PF for purchasing a flat.
- I was told that I can't withdraw for a flat, as I had taken PF money for the plot purchase and can only withdraw PF for constructing a house on the purchased plot.
Can someone please suggest whether I can go ahead and submit the PF withdrawal form to withdraw money for a flat purchase.
Thanks,
Shahnawaz
From India, Bengaluru
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Apologies for the inordinate delay in responding. I wasn't active on CiteHR for quite some time. Regarding your query, PF permits withdrawal once during service for the purchase of a plot. Thereafter, you can only seek withdrawal for construction on the same plot. If you intend to purchase a flat, PF will expect your repayment of the withdrawal made earlier for the purchase of the plot with interest. Sorry once again for the delayed response.
M.V. Kannan
From India, Madras
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270M.V. Kannan
From India, Madras
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PF WITHDRAWAL RULES.zip
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Guide Lines for PF Withdrawal.doc