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

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  • November 13, 2014 at 4:26 am #48426
    Sameer Kapoor
    Participant

    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?

    November 17, 2014 at 7:05 am #48427
    samkapoor77
    Keymaster

    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.

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