Withdraw PF for Home purchase..!!

Hi @Ankit, I have completed 5 years of service although my employer only started deducting the PF from last 3 years. Will I be eligible to withdraw for home loan?

Also, is this sceme applicable for second hand house properties?

Thanks Ankit
The video is really informative.

Paheli admi dekha jisne pahele bol diya kitna paisa withdraw kar sakta hu😂

During corona i did withdrawal...in 2020..now I want to withdraw again for down payment..will this is taxable?

As stated in this video..for downpayment...it is 36months basic +DA or cost of ready to move house whichever is min...but in my case...cost of ready to move hoiuse > than pf amount avaible and 36months basics > avaible amount in pf..so how much I can take for downpayment

Sir i won the mhada lottery so i have to make payment for my new house...will epfo allow me to withdraw 90percent of my pf amt....

Hi Ankit thank you for this video have an issue where I had submitted for the PF withdrawal and actually I am buying a flat from a individual who had initially bought it from builder.
When I chose the option "Purchase of House / Flat / Construction
including acquisition if site from agency" they rejected the claim that they need the bank details of the agency of the promoter.
I wanted to check with you if I can choose for the construction of the house option OR do I need to provide the bank details of the current owner in the portal.

Help me with your inputs here and kindly do the needful.


Regards,
Gara Raghunandan

Ankit ji, Can partial withdrawal be done if we're buying a resale property from an individual and not a builder ?

Hi, I'm in service and I see max 5 lac can be withdrawn. How do I withdraw more than 5 lac?

I had purchased the house last year Aug 2022 and 5 year will complete in Aug 2023 for my pf contribution. So after Aug can I withdraw my pf under house purchased section?

👍👍

Hello Sir,

I have completed 8.5 year of service and planning to buy home through Pf amount however in my current organisation I have completed 2year 1month of service , Will I be eligible to withdraw 90% of amount for new home purchase

I have overall 8 years Experience but with current organization it's one year. Am I eligible for pf withdrawal to buy home?

Hello.. I have been not working since last 3 years and my NPS account still shows my previous employer name in it.. how do I change it? I contribute myself now. And I want to withdraw it for purchasing home, what are all the documents I need to submit?

I want to purchase home after 2 years. Can I contribute in VPF and withdraw 90 percent of EPF amount in 2 years. I have an EPF account for more than 5 years.

If I want to use this amount for registry

I always suspect the money of PF will be very difficult to get in future

I have heard of case where an employee has drawn lot of loans like house loàn, education loan, marriage loan , marriage loan etc. When he died in an accident, there was hardly any amount left in his account. If it true, there should be overall limit to of loans to 50%, so that in the event of death of the76 employee, his family will have some money for survival.

should we withdraw the money from EPF or PPF account to repay the home loan. i mean we can with draw 2 or 3 lakh from EPF and trnasferr this money to home loan account.. should we do this?

How many time it take amount to come in account for purchase house

6 Months back I have shifted my company. But My PF amount accumulated more than 10 Years. Can I wilthdraw amount now ?

Sir i have completed 10 years of service in total so far but initially there was no pf component in my salary...pf started from 2015 which is around 7 years now..am i still eligible to withdraw pf for loan emi repayment?

Sir 36 months me basic salary and DA last kon c lenge last drown wala basic and DA??

Good

Very well explained. Thank you.

COVID me agar withdraw kiya hoga, to tax lagega?

i am working in same organisation since 2011 I want to withdraw pf advance of 60-70 percent of my pf amt for margin money for Purchase of flat ....In whose favour the payment will be made Builder or my Bank a/c ...Also, in how many days will the amt will be credited ..?pls reply

Hi sir , i am applying My claim for
Purchase of site for construction of Dwelling House and 6 years completed

After 10 days they rejected reason for Advance required insufficient for Purchase /lease of home
Not eligible insufficient fund showing
If EMPLOYEE SHARE is low employor share able to claim for house purchasing

Need 5 years in service or hold epf account for 5 years. I am working since last 18 years but in this company only for 4 years. I want to withdraw for down-payment of flat. Can I do that?

Sir I have two query
1) I have started service in Dec 2012 but taken a break from 2015 to 2017 so from when my service year will be counted
2) I have recently switched in last month can I go for PF withdrawal without tax implications

Good video. But I think you need to give your own bank account number which is already verified in EPF portal and upload the scanned copy of the cheque leaf of the same account while applying for withdrawal. Same has been said in other videos on YourTube. The money will be credited to your bank account.

How is the repayment of pf loan for purchasing house.. And interest rate

Thank u sir. But in some videos the eligible loan amount for purchasing is said to be 36 times basic salary or the available pf balance whichever is less.. But here it is 36 times bs or cost of the house whichever is less..can u clarify sir?

Hi sir … I have applied for PF advance with a reason purchasing flat / home . As per the criteria I have been pf member more than 6 years but in current company I have completed only 9months . Will my application gets accepted or rejected . Could you pls confirm . I have gone through some pf docs and transferred all amount to current employer (one account) before applying and it says only 5 years of service is required.. no other mandatory criteria such as current employment . Can u confirm.

M confused whether it's my money or govt's money. So much rules and regulations

Hi sir, I wanted to withdraw amount for giving down payment to the builder for new house. I had requested for claim under section "Purchase of house/flat/ construction including acquistion if site from agency". But my request got rejected. The reason is "Under this para sanctioned amoutn will be credited to agency bank account. Ensure please". But my point is while filling the request there is no option to add agency bank details. Please advise what to do sir. Its very urgent or else i may loose the property deal.

I applied and got rejected with reason-- 1) FIRST APPLY CLAIM FORM 13 TO TRANSFER THE PREVIOUS SERVICE TO PRESENT SERVICE,THEN APPLY FORM 31 2) NOT ELIGIBLE-INSUFFICIENT SERVICE.. is it because i completed 5 years 1 month only in company or any other reason? Can anyone help?

Sir, pf office said we can withdraw only employee share but not eligible for employer contribution is it right. I have gone through rules nowhere it is mentioned that only employee contribution can be withdrawn. Actually I need funds for purchase of flat

hi sir, i wanted to know that can i get a loan of 3.5 lakhs to buy a house.
but thing is i have only 50k in my pf account. shall i get the money which i requested.
please let me know...regarding

Can we withdraw PF for paying down payment for flat that is under construction. pls clarify

Hi Sir .. i want to keep some money in advance for downpayment of flat but .. flat is still not confirmed or i am searching it .. i have raised request for claim which is in under process so can you please let me know if I will get the claim and will I need to submit any documents.. my concern it that I am still finding the right flat so don't have any documents but want to keep money in hand for immediate downpayment. Also while filling form 31 i share my bank check copy

very informative

Hi sir
My father wants to withdraw 90% pf and he has only 1.5 years for retirement and we r in urgent need
Is that possible for my dad to take the required amount what's the procedure

If I withdraw money for construction of house then other tab's( purchase of house / site etc..) are disable or not ?

Can i take money from pf for purchased my second flat. ।।whereas i hv already taken money for purchasing my first flat. Now want to sale it off

Employee Employer aur pension ka total milke 90% hai ki sirf employee share la 90%

If amount is directly deposited to say HDFC ltd Do we have to still pay tax ?

Great video, one question is, i have been working in India since 2013 however my current employment is only since 2018. If I want to withdraw for purchase of plot, do they consider 5 years of service from 2018 or do they consider the DOJ from the first employment in 2013

What will be the tax deduction applicable for 5 Lac withdrawal considering PF account is 10yr old and 3 years completed in current company.

My employer has accidently contributed to EPS along with EPF. However i am not eligible for EPS as my basic is >15000 .Will my Form 31 be rejected if i apply? I need money for house purchase and do not have sufficient time for merging both accounts ,can i take chance of applying Form 31 online?