Wednesday, March 31, 2010

IBA – UFBU next meeting on 3rd April

IBA – UFBU MEETING -  31.03.2010 

AIBEA version

"In IBA-UFBU meeting today (31-03-2010), pension cost and PF-Pension balancing issue have been sorted out.
Next meeting with IBA on 3rd April. 2010."

Source AIBEA website


  1. Sir I had withdrawn Rs17000 from my PF balance during 1993 for house construction. If I want to switchover my option to Pension from current PF option what will be the effect

  2. Dear ramachandran,

    You have drawn non repayable withdrawal from your own contribution which will have no effect now.
    You have to refund only the Banks contribution of PF along with interest received on the date of your retirement.

    I hope this is the correct position.