Steps to Withdraw PF for Property Purchase

Ans. Yes, you can withdraw your PF savings to buy a house, provided you meet the eligibility criteria, such as completing 5 years of service and ensuring the property is for residential use.

Ans. While withdrawing PF for a home loan can reduce your financial burden, consider the long-term implications on your retirement savings. It’s a viable option if you have sufficient funds left for future needs.

Ans. You can only withdraw 100% of your PF under specific conditions, such as retirement, unemployment for more than 2 months, or upon reaching 58 years of age.

Ans. You can withdraw up to 36 months’ basic salary + DA or 90% of the PF balance, whichever is lower, for house construction.

Ans. Yes, EPFO allows PF withdrawal for purchasing resale flats, provided the transaction complies with the rules regarding ownership and residential use.