NRSP CONTRIBUTORY PROVIDENT FUND

Application form for permanent withdrwal & refundable loan

PART 01 To be filed up by Applicant (member):

Member's No: 0164-0363 Name : Muhammad Naseem

Designation : A.A Location/Office: RO Turbat

Amount required: 60,000/ In Words: Sixty Thousand only

Purpose of withdrawal: Home Repair

Type of withdrawal: Refundable Non Refundable ✘

PART 02 To be filed up by RP F&A/Finance Incharge

Salary: 33,256/ Personal Advance: 15,000/ PF Advance: NIL

Signatures: Date: Thursday, July 27, 2023

Part 03 Recommendation by RGM/Sector Head or Authorized person:

Signatures: Date:

Part 04 Acceptance of terms and conditions by applicant:

Before submitting the application, applicant needs to read and agree to the below terms and conditions as per PF Trust rules.

Terms and Conditions.

Non Refundable Withdrawal.

1. Non Refundable withdrawal is allowed for the purposes of housing, construction and payment of life insurance premium only.
2. Member can withdraw amount equiling to 06 salary packages at one time.
3. Non Refundbale withdrawal cannot be paid back once withdrawan.
4. No markup is charged on Non Refundable withdrawal.
5. 2.5% on half of the amount of withdrawal is deducted as "Zakat at source". This amount is deducted from member's pf balance and paid to central zakat fund
of Government of Pakistan.
6. If a member submits zakat declaration, zakat at source will not be deducted from withdrawal.
7. Member can make multiple withdrawals within a financial year subject to availablity of pf balance.
8. Provision of copies of property/insurance documents as evidence is mandatory along with application.

Refundable Loan.
1. A member can apply for refundable loan equiling to 03 salary packages for the purposes mentioned in NRSP PF rules.

2. In case refundable loan is for the purpose of housing or life insurance, withdrwal limit could extend equiling to 06 salary packages.
3. Refunable loan is recovered in maximum 24 equil installments from salaries.
4. A member can settle his/her refundable loans any time in form of bulk payment. Partial repayments can be made as well.
5. Markup on refundable loan is charged with dimensioning balance method on daily product basis.
6. Final Markup rate on refundable loan is calculated at the year end of each financial year. It is connected with agreegate rate of return of investments made by
PF Trust during the financial year. Within the year, a member can estimate his/her applicable markup rate on his/her refundable loan near to the State Bank of
Pakistan's policy rate i-e Kibor rate.

Undertaking:
I agree to the above terms and conditions and submit application for pf withdrawal in accordance with the above.

Applicant's Signature

Name: Muhammad Naseem Member No: 0164-0363

Designation: A.A Date: Monday, May 29, 2023