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Loss of interest if PF withdrawn before year end?

Hi All,

I am planning to purchase a resale flat(8 years old) and would like to avail Non repayable EPF withdrawal. I have couple of questions regarding this.

1. Is PF withdrawal allowed for purchase of resale flat/house?

2. If I withdraw the amount in Jan/Feb, will I lose the entire interest which will be credited by April 1st or may get pro-rata interest as I have kept the amount till Dec.I have about 5L in pf so will I be losing about 40K if I withdraw now rathen than after April?

3. In case the entire interest is lost, Please suggest any way I can reduce this. I need to pay to the owner by Feb by the way.

 

Thanks,

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