Withdrawing Money from PF and PPF - Indian Real Estate Forum

gaussmatin · 22-08-12

hi all,

I want to empty my PF and PPF. Have you ever done this before? Please share your experience?

1. How is PPF money given to you? By cash? Paid in account? or any other instrument?

2. How is PF money withdrawn? By cash? Account? or any other instrument?

vml_bhatt · 22-08-12

Both are paid directly to your account or by cheque... I dont think that PF and PPF account will liquidate directly to cash...

SaandBull · 04-09-12

i have managed to find out both, i am an expert now on these.

But since no bodyhelped me, i will also not post my experience for public.

Those who want to know more can message me anytime and i will provide that info to you!

**fritolay_ps** · 04-09-12

for PF.. you account should be at-least 5 year old in company OR all companies you worked for (if PF is transferred)... you can withdraw PF up to 80-90% of total PF value... based on nature (marriage, house purchase, education, etc etc).. If your company manage own Trust than you may get PF amount in week else.. 2 months...

If you withdraw PF for marriage (relative/own) than you will be given cheque/fund transfer in favor of your name/a/c transfer.. If you withdraw PF for house purchase/education... than cheque will be made in favor of builder....

abhishek1980 · 09-09-12

For withdrawing PF you need to be atleast 6 months with the company ...I am currently employed with the 8th company in my 7 years of IT career till date...Have always withdrawn complete PF amount from each of these companies...without any issues...Have never transferred the account to new company till date..

SaandBull · 10-09-12

Quote:

Originally Posted by abhishek1980

For withdrawing PF you need to be atleast 6 months with the company ...I am currently employed with the 8th company in my 7 years of IT career till date...Have always withdrawn complete PF amount from each of these companies...without any issues...Have never transferred the account to new company till date..

Do they deduct any tax? or give you full amount?

abhishek1980 · 10-09-12

Quote:

Originally Posted by SaandBull

Do they deduct any tax? or give you full amount?

No tax deducted.

22-08-12	#1
gaussmatin SUSPENDED Join Date: May 2012 Location: Ghaziabad/Mumbai Posts: 227 Likes Received: 13 Likes Given: 15 My Mood:	Withdrawing Money from PF and PPF hi all, I want to empty my PF and PPF. Have you ever done this before? Please share your experience? 1. How is PPF money given to you? By cash? Paid in account? or any other instrument? 2. How is PF money withdrawn? By cash? Account? or any other instrument?

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22-08-12	#2
vml_bhatt Member Join Date: Oct 2011 Location: New Delhi Posts: 138 Likes Received: 74 Likes Given: 3 My Mood:	Both are paid directly to your account or by cheque... I dont think that PF and PPF account will liquidate directly to cash...

04-09-12	#3
SaandBull Member Join Date: Aug 2012 Location: Indirapuram, Ghaziabad Posts: 59 Likes Received: 14 Likes Given: 0 My Mood:	i have managed to find out both, i am an expert now on these. But since no bodyhelped me, i will also not post my experience for public. Those who want to know more can message me anytime and i will provide that info to you!

04-09-12	#4
fritolay_ps Ex-Moderator Join Date: Mar 2010 Location: Singapore Posts: 12,468 Likes Received: 1480 Likes Given: 740 My Mood:	for PF.. you account should be at-least 5 year old in company OR all companies you worked for (if PF is transferred)... you can withdraw PF up to 80-90% of total PF value... based on nature (marriage, house purchase, education, etc etc).. If your company manage own Trust than you may get PF amount in week else.. 2 months... If you withdraw PF for marriage (relative/own) than you will be given cheque/fund transfer in favor of your name/a/c transfer.. If you withdraw PF for house purchase/education... than cheque will be made in favor of builder....

09-09-12	#5
abhishek1980 Veteran Member Join Date: Apr 2010 Location: Indirapuram Posts: 1,063 Likes Received: 160 Likes Given: 79 My Mood:	For withdrawing PF you need to be atleast 6 months with the company ...I am currently employed with the 8th company in my 7 years of IT career till date...Have always withdrawn complete PF amount from each of these companies...without any issues...Have never transferred the account to new company till date..