Sir, I am PF Account holder from 2005 to till date .. from 2005 to 2007 i was transfereed the Old PF amount to new PF Account ..
In my PF account i have 2 lacs..
As per EPF Law , Para 68-B I am eligible for 24 months wages (Basic & DA) OR Member’s own share of contribution + Company’s share of Contribution with interest thereon
My 24 month of Basic+DA comes around 7 Lacs..
Question:
1. Could you please tell me how much amount i can get Advance from PF.
2. How to get the loan?.
3. Also, guide my about repayment of loan?
4. What is timeline for getting the loan?
From India, Bangalore
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In my PF account i have 2 lacs..
As per EPF Law , Para 68-B I am eligible for 24 months wages (Basic & DA) OR Member’s own share of contribution + Company’s share of Contribution with interest thereon
My 24 month of Basic+DA comes around 7 Lacs..
Question:
1. Could you please tell me how much amount i can get Advance from PF.
2. How to get the loan?.
3. Also, guide my about repayment of loan?
4. What is timeline for getting the loan?
From India, Bangalore
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Firstly, I want to tell you that for taking a loan from PF, you must complete 7 years of continuous service, then only you are eligible. To get a loan, fill out Form-31. There is no provision for loan repayment in PF. What is the purpose of taking an advance from PF?
From India, Kanpur
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2From India, Kanpur
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Procedure for PF Loan.doc
Withdrawal of PF for housing loan 5.6.2012.pdf