Steps to Withdraw PF for Property Purchase
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Learn how to use your PF withdrawal for buying a home, repaying a housing loan, or renovating your property in 2025. This simple guide covers eligibility, document requirements, claim process using the Umang App, and tax implications, making your PF withdrawal for property purchase easier and more efficient.
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Frequently Asked Questions
Can PF be withdrawn for house purchase?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.
Is it a good idea to withdraw PF for a home loan?
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.
Can I withdraw my 100% PF amount?
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.
How much PF withdrawal is allowed for house construction?
Ans. You can withdraw up to 36 months’ basic salary + DA or 90% of the PF balance, whichever is lower, for house construction.
Can I withdraw PF to purchase a resale flat?
Ans. Yes, EPFO allows PF withdrawal for purchasing resale flats, provided the transaction complies with the rules regarding ownership and residential use.