Settlement Fund(PF/PPF/LIC) Options - URGENT !!!! RupeshHari Please help

[ramaj]

Hi Everybody,

I have to send my file to CHC and i want to know that if the following Options can be shown in the settlement funds.

1.) My PF Account statement
2.) Certificate issued by my Bank for the balance in PPF account
3.) My LIC Policies ( Premium paid so far)

Please let me know as it is little urgent.

Regards

 

[ramaj]

Can anybody please suggest what all options can be given as the settlement fund proof.

 

[rocky272727]

Hi Everybody,

I have to send my file to CHC and i want to know that if the following Options can be shown in the settlement funds.

1.) My PF Account statement
2.) Certificate issued by my Bank for the balance in PPF account
3.) My LIC Policies ( Premium paid so far)

Please let me know as it is little urgent.

Regards

PF and PPF will do but LIC will not.

 

[ramaj]

Thanks For the imformation. So it means PF statement issued by the employer will do and Bank certificate for the PPF account will also be taken as the settlement fund proof.

 

[dsr08]

I have also faced this problem as my most of savings are in PPF/CPF because these investments are tax free.
But if you can get this information on PF/PPF certificate/ statement that how much withdrawl you can make, it seems to be O.K.
It will be more safe if you can withdraw required amount and deposit in saving bank account as settlement fund proof.
It is my opinion only.

 

[ramaj]

I also strongly believe that it makes sense to declare PF and PPF ( Amount which can be withdrawn) as settlement fund.

 

[Vinzy]

Do we have to provide our full bank statement or can we get a certificate from bank mentioning the total balance in our account? Please advise.

 

[future_canadian]

Hi Everybody,

I have to send my file to CHC and i want to know that if the following Options can be shown in the settlement funds.

1.) My PF Account statement
2.) Certificate issued by my Bank for the balance in PPF account
3.) My LIC Policies ( Premium paid so far)

Please let me know as it is little urgent.

Regards

1 & 2. The amount which can be withdrawn immediately at any time could be counted as settlement funds.
3. The surrender value could be counted.

 

[Vinzy]

1 & 2. The amount which can be withdrawn immediately at any time could be counted as settlement funds.
3. The surrender value could be counted.

Thank you.

 

[naush135]

LIC can be used if you can surrender it at any time and get the value of surrender on your POF

 

[Mahesh Inder Kumar]

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