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Vinod Venugopal

I have contributed to the fund for nearly 12 years. I have joined a new organisation now. I have a Home loan with HDFC bank. Can I withdraw the entire amount lying in PF to adjust the Home Loan? If so what is the procedure? How much can I withdraw? more  

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BABAN CHAVAN
Dear Vinod, 1) Your PF contribution is only for retirement purpose only. Not for other purposes. 2) You can take a home loan benefit in your Income Tax (Interest & Principal amounts) 3) I will suggest not to withdrawal PF, you will transfer PF to your existing employer and make a big fund for your retirement & other necessary needs. more  
Poopully Aravindakshan
It is advisable to carry forward the balance to your PF a/c with your new organisation. more  
RANJAN BANERJEE
you cannot withdraw the employers share , Contribution to pension fund . You can only withdraw around 80% of your share . more  
KISHAN CHAND Gupta (I am a SAHAJA-YOGI, working for stress Mgt. at free of cost.)
Dear Venugopal, In my opinion as per rule you can withdraw 80% of total amount if rule not changed, but PF is for after retirement. Be cautious. more  
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