PPRuNe Forums - View Single Post - Pay off loan with Provident fund
View Single Post
Old 17th Jun 2016, 14:42
  #10 (permalink)  
PPRuNeUser0215
Guest
 
Join Date: Apr 2003
Posts: 876
Likes: 0
Received 0 Likes on 0 Posts
As for the fund I believe it kicks in about 3 months after joining (line check) so 5 years and 3 months you take 75% (approx 83% because of your contribution vs companies contribution) and 7 years and 3 months for the full amount.

Between 5 and 7 years on the line you get 75% A, 100% B+C (as applicable)? Can somebody remind me what you get less than 5 years and if that amount can be used against the bond
You get 50% of A or the higher of your End Of Service Benefit. You can check the value EOSB on the portal (HR direct) at any given date in the future. Just use the calculator there to determine which applies to you.

Last edited by PPRuNeUser0215; 17th Jun 2016 at 15:26.
PPRuNeUser0215 is offline