Employee provident fund


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Querist : Anonymous

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Querist : Anonymous (Querist)
26 March 2012 Dear Sir,
I am having a query on EPF account.

If I withdraw amount for a Home (Purchase a flat) from my EPF account and at the time i also declare that the house is free of encumbarances. now after that if i take a home loan should there be any issue ? with EPF act.

can i again withdraw the amount to repay the same home loan if from nationalised bank.

kindly advise.

29 March 2012 You have a EPF account in which there is balance accumulated since past many years and you have taken a loan for purchase of a house. The materiality is this that you have not taken any loan for the house as against the loan against EPF you have not deposited any title deed. The what you have done? you have withdrawn your deposit before maturity which will be adjusted against your amount payable to you on your retirement hence you are not giving any false statement and you can have the loan against your house from any Bank

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Querist : Anonymous

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Querist : Anonymous (Querist)
29 March 2012 THanks and appreciated sharing time to resolve my query ,i am briefing further details
1 Jan 2005 I bought House and made agreement for 15 lakhs
1 FEB 2005 i applied to EPF
1 Mar 2005 i took home loan from Nationalised Bank for rupees 10 lakhs

1 April 2005 I recievd amount from EPf around 1 lakh

now again on 1 jan 2008 i applied in epf to withdraw further amount. they replied me that i already declared on 1 feb 2005 that this house is free of encumbarances then you did wrong. because there is a home loan. i answered their queery stating i applied later. and Home loan should not considered as encumbarance. after that no further query made from my end and nor i recieved amount. so is it proper to approach again ? i was totally unware about this declaration at the time of applying first time otherwise i would have not been declared any such thing. please advise it will help me a lot


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Querist : Anonymous

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Querist : Anonymous (Querist)
11 April 2012 Dear Agraval sir,
i request to guide in this case.

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Querist : Anonymous

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Querist : Anonymous (Querist)
07 May 2012 Respected sir
Kindly guide

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Querist : Anonymous

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Querist : Anonymous (Querist)
07 May 2012 respected sir
Kindly guide



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