Need A Financial Product Forums Trading/Investments How to use Rs. 1.84 lakhs of my old EPF

This topic contains 1 reply, has 2 voices, and was last updated by  Ajit Saran 3 years, 2 months ago.

Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
  • #48426

    Ajit Saran

    I have recently changed my job. My old EPF account shows a balance of Rs. 1.84 lakhs. With my current salary, I am able to save Rs. 20,000 to 25,000 monthly. Should I transfer this EPF to new EPF account or withdraw the amount of EPF and use it to repay personal loan (outstanding Rs. 1.5 lakhs) taken from GE Money?


    Nishit Jain

    Since you are in job, ideally you cannot withdraw the amount. Though the process is time consuming, but I will suggest you to transfer it. As regards repayment of persona loan, you have good savings to be used here.

Viewing 2 posts - 1 through 2 (of 2 total)

You must be logged in to reply to this topic.

About Us

Simplypaisa, a web initiative by Elite Wealth Advisors Ltd, has the primary objective to help readers make smart financing decisions. What is smart finance? How to make smart financing decisions to procure assets or to meet one’s personal needs? Information is critical to make smart financing decisions: be it to purchase your dream house, a car, to start a business or to enable an entrepreneur to meet his/her working capital needs.Read More...


Elite Wealth Advisors Ltd.
S-8, DDA Shopping Complex,
Near Jeevan Anmol Hospital,
Mayur Vihar Phase-1, Delhi-110091.
Phone No: 011-42445800
Email :

Subscribe to Blog via Email

Enter your email address to subscribe to this blog and receive notifications of new posts by email.