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Withdrawing Money from PF and PPF

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Withdrawing Money from PF and PPF

Last updated: October 7 2015
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  • 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 How is PF money withdrawn?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?
    Drink Juice, avoid Pepsi!
  • #2

    #2

    Re : Withdrawing Money from PF and PPF

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

    Comment

    • #3

      #3

      Re : Withdrawing Money from PF and PPF

      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!

      Comment

      • #4

        #4

        Re : Withdrawing Money from PF and PPF

        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....

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        • #5

          #5

          Re : Withdrawing Money from PF and PPF

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with the company ...I am currently employed with the 8th company in my 7 years of IT career till date...Have always withdrawn complete PF amount from each of these companies...without any issues...Have never transferred the account to new company till date..

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          • #6

            #6

            Re : Withdrawing Money from PF and PPF

            Originally posted by abhishek1980 View Post
            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?

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            • #7

              #7

              Re : Withdrawing Money from PF and PPF

              Originally posted by SaandBull View Post
              Do they deduct any tax? or give you full amount?

              No tax deducted.

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              • #8

                #8

                Re : Withdrawing Money from PF and PPF

                Need Help on PF Withdrawal

                Hi All,
                Came across this link while searching, though old thread, just being optimistic to get some help :-)

                Recently have purchased a flat (registered jointly, in April 2015, along with my wife). Due to many other personal commitments, i am planning to withdraw maximum possible amount from my PF account, which will help me for Interiors to some extent.

                I have been in service for ~10 years in the current company.

                Please let me know what are all the possibilities to withdraw from my PF. Also, what all documents i might require to submit. Currently i have only the SALE DEED. Haven't received Khata extract or any other documents.

                Appreciate your help.

                Thanks,
                Nagaraj

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