I just wanted to know the PF Rules for availing Loans under various categoreis and also I need loan forms. Kindly help. Ashok
From India, Madras
From India, Madras
With a large number of people withdrawing their PF money when they switch jobs, the Employees Provident Fund Organization (EPFO) is working on tightening the norms to ensure that employees have sufficient cash, and a pension option, to take care of their post-retirement needs.
At present, rules permit partial withdrawals for financing insurance premiums, housing, illness, marriage, higher education, natural calamities, purchase of aids by the handicapped, needs arising out of closure of a factory or retrenchment and, of all things, power cuts! In some cases, employees can withdraw up to 90% of their PF savings.
Good Luck..!!!
From India, Ahmadabad
2At present, rules permit partial withdrawals for financing insurance premiums, housing, illness, marriage, higher education, natural calamities, purchase of aids by the handicapped, needs arising out of closure of a factory or retrenchment and, of all things, power cuts! In some cases, employees can withdraw up to 90% of their PF savings.
Good Luck..!!!
From India, Ahmadabad
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HC All - Trainees not covered for PF -2010.pdf
PF Ledger.xls