Due to Corona, a large number of people are forced to withdraw money from their PF account. According to a recently published report, over 3.5 crore people have withdrawn money from their PF account since April 2020. Whereas if investment experts are to be believed, we should always look at EPFO or National Pension Scheme as the last option. We should withdraw money from all these schemes when even after using our other schemes, it is not fulfilled. All these plans have been made keeping in mind our old age. So we should take extra precautions before withdrawing money.
What are the options other than PF
Apart from the provident fund, a common man has many options, which can solve his difficulties. When in need of money, we should check our savings. If even that need is not met, then fixed deposit, debt fund should be checked.
It is seen that in general people also keep a lot of gold. There are many banks in the market where gold loan is easily available. If you have invested in a Sovereign Gold Loan then that can also be a better option. Land is also a better option. But selling land is always a difficult process. However, loan can be taken on land paper. The requirements of these mediums can be easily met.
