Do you have a PF account? Want To Get Into The Gift Basket Business? However you can take a PF loan. The interest is also low. Tie back the amount taken.
Do you have a job? However you will be aware of the PF account. Employees Provident Fund Organization EPFO provides PF account services to all of its subscribers. PF account holders can avail various benefits.
Credit facility is also one of these. PF clients can easily get a loan. PF money can be used to build a home loan EMI. LIC premium will also be paid. It should be noted that these benefits vary based on the service of the PF client.
Apart from the loan facility, PF account holders can also avail various other benefits. Up to Rs 7 lakh is covered under EDLI scheme. PF clients do not pay any premium for this insurance.
Money can be partially withdrawn from the PF account if more money is required. Those who have a PF account will also get a pension. You can also withdraw up to 90% of your money from your PF account to pay off your home loan. Money deposited in the PF account is also tax deductible.
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