Hi Seniors,
Wish you all a happy Pongal.
One of my employee is asking for refundable loan from EPFO.
To my knowledge this facility is not there?
If any body can update or through some light on this subject, I will be very very greatful to them.
Kindly help me.
TMRao
From India, Hyderabad
Dear T.M.Rao,
Yes, you are right. As far as the EPFO is concerned, all existing loans are non-refundable. But the exempted Trusts may provide refundable loans with an interest of 1% additional (than the interest on deposit).
Abbas.P.S
From India, Bangalore
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Epfo-circular-d t-23-sept-2016- declaration-for m-new-form-11.p df