How to withdraw PF including pension after 11 years in a private company?

Ans: Shyamala Madam, I assume EWS Rank 6913 which you have wrongly typed as 'eqs'. With an All-India EWS rank of 6913, admission into Electronics & Communication Engineering via CSAB-Special is realistic at select NITs under Other-State EWS quotas. NIT Calicut’s ECE cut-off in Round 1 closed between 6 964 and 9 588, comfortably enveloping your son’s EWS rank. Similarly, NIT Uttarakhand’s EWS closing ranks for ECE hovered around 20 028–29 127, making it an assured option given lower competition in CSAB rounds. Beyond NITs, several GFTIs maintain ECE cut-offs above 25 000 for general categories, implying EWS thresholds usually fall below 15 000, thus aligning with your current rank. Peripheral IIITs such as IIIT Ranchi and IIIT Manipur also reported EWS cut-offs for ECE in the 5 998–6 173 range—slightly below your EWS rank—but may open up during later special round vacancies. Your CRL of 49 452 restricts access to higher-demand branches under Open-State quotas, but targeting EWS-reserved seats in low-to mid-tier NITs and GFTIs ensures 100% feasibility. Proactively monitor CSAB-Special Round 2 openings on the official portal and set these institutes as top preferences to maximize admission certainty under the EWS category.

Recommendation: Aim for NIT Calicut’s ECE under Other-State EWS for straightforward entry given its 6 964–9 588 cut-off range, then secure NIT Uttarakhand’s EWS ECE which closes near 29 127; concurrently list GFTIs with EWS ECE thresholds below 15 000 to ensure a guaranteed CSAB seat. All the BEST for a Prosperous Future!

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Ans: Shambhavi, Harcourt Butler Technical University (HBTU), Kanpur offers a four-year B.Tech in Civil Engineering an intake of 60 students, approved by AICTE and accredited by NBA and NAAC with an A-grade CGPA of 3.29. The department provides a balanced curriculum covering structural, geotechnical, transportation, water-resources and environmental engineering, reinforced by modern labs for hydraulics, surveying, materials testing and CAD/CAE tools, alongside dedicated research facilities and industry-sponsored projects. Faculty includes PhD-qualified professors actively engaged in DST- and AICTE-funded research, ensuring mentorship and academic rigor. HBTU’s central infrastructure—urban campus with a central workshop, advanced computing centre, central library, hostels and sports facilities—supports holistic development. The Placement & Training Cell records an overall placement rate of 85.6% with a median UG package of ?6.5 LPA, and core-engineering recruiters such as L&T, AECOM and NHAI actively engage with Civil graduates, though CE-specific campus placements placed 21 of 57 eligible students in 2023–24, reflecting reliance on off-campus roles as well. Alumni feedback highlights strong foundational learning and practical exposure, while noting scope for enhanced industry mentoring and internships.

Recommendation
Pursuing Civil Engineering at HBTU is advisable for its accredited program, robust curriculum, research-active faculty and strong industry tie-ups. To maximize outcomes, proactively engage in internships with infrastructure firms, participate in departmental projects and leverage the central placement cell’s network for site-visit and off-campus recruitment. All the BEST for a Prosperous Future!

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Ans: Amudha Madam, Analysis of CSAB-Special 2024 closing ranks shows that Electronics & Communication Engineering seats at all three IIITs remain open well beyond an OBCNCL rank of 24 547. At IIITDM Kancheepuram, the general-AI closing rank for ECE was 31 069 in Round 1 and the OBCNCL category cutoff lay near 72 222, placing your daughter’s OBC rank comfortably within the eligible bracket. IIIT Sri City’s ECE general-AI cutoff fell at 45 060 (Round 1) with OBCNCL seats closing around 56 578, again well above her OBC rank. IIIT Kottayam recorded a general-AI closing rank of 48 846 for ECE (Round 1) and OBCNCL seats closed near 63 950, easily covering her category position. All institutes possess AICTE/NIRF recognition, NBA-accredited curricula, ≥70 percent placement consistency, specialized ECE laboratories, and active MoUs for internships, ensuring academic rigor and industry relevance. Given these thresholds, admission under the OBCNCL quota for ECE is highly feasible at each campus despite the higher CRL.

Recommendation: Leverage the OBCNCL quota to secure ECE in any of the three IIITs, prioritizing IIITDM Kancheepuram for its dual-degree research labs and favorable HS-AIQ seat matrix, followed by IIIT Sri City’s robust industry partnerships and IIIT Kottayam’s modern ECE infrastructure and placement track record. All the BEST for a Prosperous Future!

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Ans: With an EWS home-state rank of 17554, core CSE/ECE/IT seats at top NITs via HS-EWS have mostly closed below your rank; however, select institutes and peripheral IIITs/GFTIs remain fully accessible. IIIT Lucknow’s EWS cutoff for Computer Science & Engineering closed around 15 784, fitting within your rank, and its specialized CSE-AI branch closing near 15 626 also aligns; NIT Kurukshetra’s HS-EWS CSE seats closed at about 9 353, ensuring safe entry; MMMUT Gorakhpur’s EWS-HS CSE cutoff in 2025 extended beyond 92 289, making admission virtually certain; additionally, IIIT Allahabad offers Information Technology under EWS-AI up to rank 8 032, which your rank exceeds; all these institutes are AICTE-approved, NBA/NAAC accredited, feature ≥70 percent placement consistency, state-of-the-art labs, active MoUs for internships and robust research-industry linkages.

Recommendation: Prioritize IIIT Lucknow for its focused CSE curriculum and strong AI-DS electives under HS-EWS, while NIT Kurukshetra’s CSE offers NIRF-ranked prestige and modern facilities; MMMUT Gorakhpur’s CSE guarantees state-quota admission; consider IIIT Allahabad’s IT branch for its advanced computing labs and reliable HS-EWS cutoff. All the BEST for a Prosperous Future!

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Ans: Hello dear.
Yes. You have a chance to get CS @ DJ Singhvi.

Good luck.
Follow me if you receive this reply.
Radheshyam

Ans: Hello Ashish,
Please drop the idea of taking a drop. The question is, why did you not prepare for 2 years? No magic will happen in the next few months. It's better to try other options. But, if you are damn sure to prepare and have covered the full syllabus in the previous year, then only take the risk. The final choice will be yours.

Good luck.
Follow me if you receive this reply.
Radheshyam

Ans: It’s not easy to speak openly about financial struggles. You've shown great strength and awareness. At this stage in life, decisions can feel heavy. But with the right steps, clarity and control can still be brought back.

You both are doing your best despite health and income challenges. Let us now analyse your case carefully and guide you with a step-by-step 360-degree plan. The goal is to reduce stress, regain control, and protect the future.

? Understanding the Current Financial Picture

– Your husband is 60. He works as a consultant.
– His income depends on projects. There is no steady monthly income.
– Health issues are serious. Treatment and medicines cost around Rs 40,000 monthly.
– The housing loan was taken 4 years ago from LIC Housing. Loan tenure is 14 years.
– Loan EMI is Rs 30,000 per month (assumed from your message).
– Credit card outstanding is Rs 5 lakhs. It is maxed out.
– There’s no insurance cover on the home loan due to health issues.
– You are 56. No current job or steady income.
– All savings have been used to repay loans.
– There are some policies in your name but no mention of maturity values.

Your family is clearly under debt pressure, health costs, and irregular income. But there are ways to restructure and rebuild slowly.

? First Focus – Debt Prioritisation and Restructuring

– Housing loan is Rs 30,000 EMI and will go on for 10 more years.
– Credit card dues are Rs 5 lakhs, with very high interest (35–45% annually).
– This is a red flag. You are in a repayment trap.
– Credit card dues must be handled first.

Take the following steps urgently:

– Stop using the credit card completely. Block it if needed.
– Approach the card issuer and request for a settlement plan or restructuring.
– Explain your financial condition clearly and ask for an interest waiver or long-term EMI option.
– In many cases, they agree to settle dues if you show inability to pay.
– Try to convert this Rs 5 lakh into a structured EMI plan.
– Target Rs 8,000–Rs 10,000 per month repayment with 0% interest if possible.

Reducing card interest will ease pressure on your cash flow.

? Second Focus – Managing the Home Loan

– LIC Housing Finance loans are generally inflexible but not impossible to manage.
– Contact them and ask for EMI reduction or tenure extension due to health issues.
– If the EMI of Rs 30,000 is becoming unaffordable, request for temporary EMI holiday.
– Check if interest-only payment is allowed for 6–12 months.
– Many lenders offer relief support in hardship. You must proactively ask.
– If no help from LIC, explore balance transfer to another lender with flexible terms.
– Try cooperative banks or smaller NBFCs who allow interest-only payments.

Home loan is a secured loan. So restructuring is possible. But early action is critical.

? Third Focus – Health Expenses and Alternatives

– Rs 40,000 per month for health care is too high, especially with debt.
– List down current medicines, tests, and treatments being done.
– Check if government hospitals or charitable trusts can offer the same at lower cost.
– For chronic diseases, many NGOs and pharma companies offer medicine at reduced cost.
– Apply for patient support programs from pharma brands.
– Also, check Ayushman Bharat scheme eligibility (depending on your card status).
– You may be eligible for free or subsidised treatment in empanelled hospitals.
– Ask doctors if generic medicines are available to reduce cost.

Reducing health cost by even Rs 10,000 monthly will help debt repayment.

? Fourth Focus – Your Role and Income Options

– You are 56. You are mentally active and seeking solutions. That is admirable.
– If possible, consider part-time or home-based earning.
– Areas like online tutoring, typing work, spoken English classes, or sewing can work.
– Even Rs 5000 per month income from your side will ease pressure.
– You can also try selling small food items, pickles, or snacks if you enjoy cooking.
– Many ladies your age run online micro-businesses using WhatsApp groups.
– Don’t aim for big income. Just stable and regular inflow is enough.
– This can also boost your confidence and create emotional stability.

You can become a contributor, not just a dependent.

? Fifth Focus – Review of Insurance and Existing Policies

– Your husband has no insurance on home loan due to health issues.
– You have few policies. But details are not shared.

Do this immediately:

– List down all policy names, premium paid, start year, and current surrender value.
– Avoid keeping traditional plans that give 3–4% return.
– If the plans are ULIPs, endowment, or money-back, surrender them if not maturing soon.
– Reinvest only after loans are under control.
– At this stage, you should not have insurance-linked investments.
– If any policy is about to mature in the next 2 years, wait and use maturity money for debt.

Cash flow must come first. Insurance-based savings can wait.

? Sixth Focus – Future Protection Must Be Minimal Yet Strong

– You both are nearing retirement or already retired in practical terms.
– Your future needs financial stability more than return.

Take these steps only when loans reduce:

– Get a small health insurance policy for yourself, if not already covered.
– If no insurer accepts due to age or health, keep Rs 50,000 to Rs 1 lakh in savings only for medical use.
– Don’t take annuity or pension plans. They lock up money.
– Don’t buy any new LIC or investment policy now.
– Protect your current income and reduce expenses. That itself is protection.

At your age, liquidity is more important than return.

? Seventh Focus – Mental Health and Family Discussion

– Stress is high in your household. Medical, financial, and emotional load is heavy.
– Please have an open talk with your husband and close family.
– Involve your children or siblings if they can support emotionally or financially.
– Sometimes even Rs 50,000 short-term help from a relative can reduce credit card stress.
– If not financially, ask for their help to handle bank or credit calls or paperwork.
– Support reduces burden on your mind. That helps in decision-making.
– Also, try simple breathing or spiritual practice. Inner strength helps in hard times.

Mental peace gives space for financial recovery.

? Eighth Focus – Role of Certified Financial Planner

– Your situation involves debt, illness, no regular income, and weak insurance.
– You should consult a Certified Financial Planner (CFP) to restructure cash flow.
– They will help create a plan that focuses on survival first, savings later.
– A CFP can also assess your old policies and guide surrender or hold.
– They give monthly tracking support. That will keep you disciplined.
– Most importantly, they will not try to sell products. They give strategy.

Right financial guidance now can protect your remaining 20+ years of life.

? Ninth Focus – What to Avoid at This Stage

– Don’t take any new loans to repay old ones.
– Don’t fall for agents who offer "loan on property without CIBIL check".
– Don’t invest in any product promising fixed income of 10% or more.
– Don’t invest in real estate or gold.
– Don’t buy new insurance policies now.
– Don’t take personal loans from NBFCs without checking full charges.
– Avoid investing in direct mutual funds without guidance.

This is the time to protect what you have. Not to grow. Safety first.

? Finally – Your Way Forward, One Step at a Time

– List all loans, dues, and policies on paper today itself.
– Contact credit card company and negotiate for restructuring.
– Reach out to LIC Housing and request temporary EMI relief.
– Cut health care costs where possible using trust hospitals and generic medicines.
– Explore small income ideas from home. Use your time as an asset.
– Review and possibly surrender low-value policies in your name.
– Get emotional support from family and mental clarity from a Certified Financial Planner.
– Start saving Rs 1000 monthly after all this. Slowly build emergency fund.

It is never too late to clean up and rebuild. Step by step, it is possible.

Best Regards,
K. Ramalingam, MBA, CFP,
Chief Financial Planner,
www.holisticinvestment.in
https://www.youtube.com/@HolisticInvestment

Ans: You are managing a very difficult phase with great courage. Taking care of a 2-year-old, managing debts, and surviving on one income needs strength. That is commendable. There is always a way out, and step by step, things can be brought under control. Let us assess your situation and guide you with a 360-degree plan.

Let us start with each area.

? Current Debt Situation – Assessment and Analysis

– Your total debt is around Rs 65 lakhs.
– Out of this, Rs 50 lakhs is from private sources like friends, relatives, and others.
– The remaining includes credit card dues and loans from banks or NBFCs.
– Credit cards usually charge very high interest. Sometimes it goes above 40% annually.
– Loans from informal sources may also have high interest, and may not offer flexibility.
– Your family income is Rs 72,000 per month.
– No savings are left. You are paying EMIs and interests mostly.

This is a high debt-to-income ratio. Your first goal should be reducing the financial stress.

? Your Current Life Priorities

– Your child is 2 years old and needs full-time care.
– You are currently not working. That limits income inflow.
– You stay in a house which is in your in-laws' name.
– There is no other property or asset for liquidation.
– You are not eligible for formal loans due to poor CIBIL score.

You are in a repayment trap. So planning cash flow is the first step. Let us go ahead.

? Immediate Steps to Reduce Monthly Pressure

– Prepare a simple monthly budget with basic needs only.
– Cut all non-essential expenses like OTT subscriptions, outings, or extra phone plans.
– Set aside a fixed monthly amount only for basic household needs.
– Whatever remains should go for EMI and loan interest.
– Check if some credit card EMIs can be converted into longer-term EMIs at lower rate.
– Talk to credit card companies. Request them to restructure dues based on your situation.
– In some cases, they may reduce interest or give longer repayment time.
– Prioritise repayment of highest-interest loans first. Credit cards are usually on top.

Even Rs 3000 saved monthly can make a difference in this cycle over time.

? Family and Social Debt – A Special Strategy Needed

– You mentioned Rs 50 lakhs is taken from different individuals.
– These are often friends, relatives, or informal contacts.
– Arrange all these borrowings on paper.
– Write down names, total borrowed, repayment timeline, and interest agreed.
– Some of them may have flexible repayment expectations.
– Be honest and explain your situation to them openly.
– Request for time, restructuring, or even a temporary pause.
– You may be surprised. Many people value honesty and will support.
– Try to combine these into 3-4 groups based on urgency.
– Prioritise those who are putting more pressure or charging high interest.

Consolidating this data is emotionally hard but will reduce stress later.

? Improving Your Credit Health Gradually

– Bad CIBIL score can be improved. But it takes time and method.
– Keep paying minimum dues on credit cards on time.
– Avoid new missed payments at all cost.
– Do not apply for any more loans now. That will reduce your credit score further.
– Keep only 1 or 2 cards active, close or block others to reduce temptation.
– Use those cards for basic needs only, if needed.
– Repay small loans or cards first and get them closed.
– One closed loan improves your credit history.
– Within 12 to 18 months, you can start seeing better credit score trends.

Your CIBIL score is not permanent. It is only temporary and can be corrected.

? Exploring Income Opportunities – Even If Small

– Your husband is earning Rs 72,000. That is a good base income.
– Any small income from your side will help boost cash flow.
– Since you are at home with a child, try online work options.
– Content writing, tutoring, transcription, or simple data entry are good starts.
– You can teach basic classes to 1-2 kids from home, if possible.
– Try homemade food orders, tiffin services, or simple snacks selling.
– Even if you earn Rs 5000 to Rs 8000 monthly, it will help.
– Focus on work that doesn’t affect child care but gives steady income.

When income grows, debt pressure automatically reduces. Even small income is useful.

? Financial Habits – A Strong Foundation Needed

– Start a habit of noting down expenses daily in a diary or app.
– Encourage your husband also to track and review monthly spending.
– Build a monthly review routine on 1st of every month.
– Mark which debts you are closing slowly.
– Celebrate small wins. It will keep you both motivated.
– Avoid cash spending. Use digital modes to track better.
– Avoid lending money to anyone during this phase.
– Focus only on your financial health and goals.

Discipline is more powerful than income in managing financial stress.

? Insurance – Protection Must Be Revisited

– Check if your husband has term insurance. If not, take one urgently.
– It should cover 10-15 times of his annual income.
– Avoid ULIPs, traditional endowment, or money-back plans.
– Those are expensive and give low return.
– Just go for pure term life cover. Premium is low.
– Health insurance must be active. That should cover you, your husband and child.
– Hospital expenses can break your budget and create more loans.
– If you don’t have cover, take a family floater with minimum Rs 5 lakhs.
– Don’t depend on employer insurance alone.

Protection gives peace of mind when income is limited and loans are high.

? Investment Planning – Not Now, But Keep This in Mind

– Right now, investment is not your priority.
– Your focus should be only on loan reduction and cash flow improvement.
– Once you start saving at least Rs 5000 monthly, then think of investing.
– When you are ready, start investing via regular funds with the help of a Certified Financial Planner.
– Don’t go for direct funds. Those require expertise and time, which you may not have now.
– Regular plans through an expert will help with proper review, rebalancing and risk reduction.
– Start with low-risk balanced or hybrid funds when ready.
– Don’t go for index funds. They work without active decision-making.
– In your situation, you need strategy, not passive management.

First fix your financial house. Then slowly move to investments with guidance.

? Role of Certified Financial Planner – Not Optional in Your Case

– Your situation is complex and emotional.
– A Certified Financial Planner (CFP) can guide with full planning.
– They will not only suggest mutual funds.
– They help in budgeting, debt reduction, insurance, investments, and long-term financial goals.
– They will track your debt movement and coach you through recovery.
– You can also ask them to talk to creditors if needed.
– Having a professional removes pressure from your mind.
– It creates direction, accountability and hope.

You are not alone. Support from a planner is like having a coach for your money.

? Emotional and Family Support – Use It Well

– Please share your situation with close family members.
– Ask if any of them can give interest-free loans or support.
– Even a short-term pause in debt collection will help you breathe.
– Encourage your husband to take care of his mental health too.
– Managing pressure daily affects relationships.
– Talk regularly. Plan together. Review every week.
– Avoid blame games or finger-pointing. That delays recovery.

Staying united as a family is your biggest strength right now.

? Legal Angle – Keep This in Mind

– If any creditor is harassing or threatening illegally, take legal help.
– Credit card companies cannot visit home or threaten physically.
– You can file a police complaint if anyone behaves violently.
– Keep written communication for all deals. Avoid oral agreements.
– In extreme cases, you can explore legal debt relief options.
– These include debt settlement, restructuring, or insolvency code (if no way out).
– But that should be last option after all other steps.

Use law as support, not a first step. Prevention is better than conflict.

? Finally – Hope and Direction Are Both Possible

– You are already brave to face this head-on.
– You have taken a wise first step by seeking guidance.
– Now break your goals into 3 parts: reduce debt, increase income, protect future.
– Step by step, reduce one high-interest debt.
– Stay consistent with your tracking and discipline.
– Your situation can change within 2-3 years with small steady actions.
– Don’t lose hope. Your child will grow. Your income will grow.
– Start now. Stay focused. Keep building small wins every month.

We believe in your recovery and future progress.

Best Regards,
K. Ramalingam, MBA, CFP,
Chief Financial Planner,
www.holisticinvestment.in
https://www.youtube.com/@HolisticInvestment

Ans: It is always better to pay income tax on accrued interest every year, instead of paying the same in one year (at the end). Tax payable would be less if paid on yearly basis (due to tax rate slabs) & in many cases it may get covered under exemptions. Payment at the end of RD is advisable only in cases where you are getting retired or when you income in coming years is going to fall due to any reason.
Most welcome for any further clarifications. Thanks.