PF i.e. Provident Fund, this amount is deducted from the salary of all the employees. The question that comes to the mind of many people is whether they can withdraw money from PF i.e. Provident Fund in case of emergency. If you have the same question, then in today's article we are going to tell you the answer.
Provident fund rules
Some rules have been made for PF i.e. Provident Fund. In such a situation, in an emergency, you can easily withdraw this money. To take a loan with this money, you have to follow some rules. Let's know how to get a loan from a PF account.
How much loan is available
You get a loan from a PF account only according to the deposit amount. The loan can be taken only after at least 3 years of opening a PF account. You can take a loan from a PF account to buy a house or to repay a home loan. The loan can be taken up to 90% of the deposit amount.
How to pay money
If you have taken a loan from a PF account then it is very easy to repay it. There is a minimum of 2 years i.e. 24 months for payment. If you want, you can deposit the loan amount every month or even in a lump sum. In such a situation, it becomes easy to repay the loan money.
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