Provident Fund

POSTED BY ravindra makwana ON May 9, 2013 9:49 pm ONE COMMENT

Hi ,
i need a help regarding Withdraw of Provident Fund.

My wife was working in IT company for 1 year and she left the job. now she is housewife and will not do any job for few years. she has education loan of amount 12 lac. now i am thinking to withdraw PF and give this amount to bank.

Can you tell me what is a process of Provident Fund withdraw and how much Percentage they will cut for this?

One reply on this article “Provident Fund”

  1. Dear Ravindra, please contact the PF office where the account of your wife was maintained. First of all please check the current amount lying there. After that fill the withdraw form. Out of 12L Rs. loan, how much outstanding balance is there? From PF how much amount can you & your wife repay? Why are you people are not thinking to let your wife work again to close this loan? From a single loan, repaying a 12L Rs. short term (education) loan ‘ll strain your finances real hard.

    Thanks

    Ashal

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