Hi Experts,
Please suggest on my below condition:
- I had withdrawn PF some time back for purchasing plot
- I am now planning to withdraw PF for purchasing flat
- I was told that I can't withdraw for flat, as I had taken PF money for plot purchase and can only withdraw PF for constructing house on the plot purchased.
Can some one please suggest, whether I can go ahead and submit PF withdrawal form to withdraw money for Flat purchase.
Thanks,
Shahnawaz
From India, Bengaluru
Please suggest on my below condition:
- I had withdrawn PF some time back for purchasing plot
- I am now planning to withdraw PF for purchasing flat
- I was told that I can't withdraw for flat, as I had taken PF money for plot purchase and can only withdraw PF for constructing house on the plot purchased.
Can some one please suggest, whether I can go ahead and submit PF withdrawal form to withdraw money for Flat purchase.
Thanks,
Shahnawaz
From India, Bengaluru
Apologies for the inordinate delay in responding. I wasn't active in cite HR for quite sometime. As regards your query PF permits withdrawal once during service for purchase of plot thereafter you can seek only for construction in the same plot. If you intend purchasing a flat PF will look forward to your repayment of withdrawal made by you earlier for purchase of plot with interest. Sorry once again for the delayed response
M.V.Kannan
From India, Madras
257M.V.Kannan
From India, Madras
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.
Early PF withdrawal won’t be easy.pdf
Guide Lines for PF Withdrawal.doc