I would like to take a loan against PF. I am already 56-1/2 years old and would like to withdraw 90% of the contribution of my PF (employee+employer contribution). I hear that I can withdraw this without giving any reason for the loan? Is it right & if so what is the form no. I have to submit and what is the reason for the loan to be specified by me ?
From United States, New York
You may withdraw upto 90% of the amount standing in your PF account within one year from the date of superannuation without specifying any reason. But the minimum age to avail this withdrawal is 54 years and is to be applied in Form -31.
From India, Bangalore
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.





Contact Us Privacy Policy Disclaimer Terms Of Service

All rights reserved @ 2024 CiteHR ®

All Copyright And Trademarks in Posts Held By Respective Owners.