When I get PF money before retairment for various purpose

You can get PF money before retairment for following purpose:

1.Marrige/Education
Service:       7 years
Amount:      50% of employees contribution
How many times:  3 times in whole service
2.Treatment (For treatment of self and dependens)
Service:       Any time
Amount:      full or six times of salary (which is less)
How many times: 1 time in whole service
3.House construction and purchage:
Service:       5 years
Amount:      36 times of basic salary
How many times: 1 time in whole service
4.Return of home loan:
Service:       10 years
Amount:       36 times of salary
How many times: 1 time in whole service
5.Site purchage:
Service:        5 years
Amount:       24 times of basic salary
How many times: 1 time in whole service
6.House renovation:
Service:        5 years
Amount:       12 times of salary
How many times: 1 time in whole service
Employee after complited 54 years can claim 90% of PF amount as a loan or one year before this amount can claim.

For more information:
http://www.epfindia.com/

No comments:

Post a Comment

THIS BLOG IS NOT ANY DEPARTMENT OFFICIAL WEBSITE SO PLEASE DO NOT COMMENT ANY YOUR PERSONAL DETAILS