Dear Seniors,
Greetings of the day!!
I left a company in 2010. I'm working in a company since 1.5 Yr & I don't have any PF company in my present company. I'll join a new company soon. I need money in Dec'12. My question is that
1. Can I continue with my previous PF a/c in new company? If yes then shall I take loan from my PF account later on?How much amount of loan one can take from PF a/c and eligibility for the same?
or
2. Shall I open a new PF a/c and later on close the previous PF a/c?
Which one will be more wiseable and help to save more money?
Please suggest.
With Thanks & Regards
SM

From India, Gurgaon
Dear All
Please tell me about PF loan because On eof my friends want to take lona form epf dept.
his total deposited amount is 50000/- and the membership since 01/04/2007
please tell briefly
Thanks
AJ

From India, Delhi
Here is attachment showing various types of Loans & Advances can take from EPFO.
From India, Jaipur
Attached Files (Download Requires Membership)
File Type: doc Loan & Advances.doc (48.5 KB, 1712 views)

Well first of all you can transfer your previous companies P.F. Account to New Company (Using Form - 13), and you can take Loans & Advances but there are certain thing you need to know.
which i have attached here.

From India, Jaipur
Attached Files (Download Requires Membership)
File Type: doc Loan & Advances.doc (48.5 KB, 769 views)

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