{"id":8215,"date":"2024-10-06T00:28:19","date_gmt":"2024-10-05T18:58:19","guid":{"rendered":"https:\/\/aria.org.in\/beta\/?page_id=8215"},"modified":"2024-10-06T00:31:16","modified_gmt":"2024-10-05T19:01:16","slug":"4funding-options-when-income-is-lost-or-loan-default-has-already-occurred","status":"publish","type":"page","link":"https:\/\/aria.org.in\/beta\/4funding-options-when-income-is-lost-or-loan-default-has-already-occurred\/","title":{"rendered":"4) Funding options when income is lost or loan default has already occurred"},"content":{"rendered":"<p>[vc_row][vc_column][vc_empty_space][\/vc_column][\/vc_row][vc_row el_class=&#8221;card ariacard&#8221;][vc_column][vc_column_text]<\/p>\n<div class=\"card-header\">\n<h6 class=\"card-title\">Frequently Faced Challenges<\/h6>\n<\/div>\n<p>[\/vc_column_text][vc_column_text]<\/p>\n<p class=\"vc_custom_heading vc_custom_1628066831338\">Section IV &#8211; Funding options when income is lost, or loan default has already occurred<\/p>\n<p>[\/vc_column_text][vc_column_text]<\/p>\n<ul>\n<li>The first line of funding should be redemption of investments.<\/li>\n<li>Employees can withdraw up to 75 percent of the account balance or 3 months\u2019 basic salary and dearness allowance, whichever is lower from their EPF (Provident Fund) account. Those who have availed of this advance earlier can avail a similar advance once again.<\/li>\n<li>Partial withdrawals from the NPS account are allowed to fulfill financial needs towards treatment of the COVID-19 illness of a member, his\/her spouse, children (including adopted child), or dependent parents. The following documents must be provided to claim a partial withdrawal:<\/li>\n<\/ul>\n<ol>\n<li style=\"list-style-type: none;\">\n<ol>\n<li>Medical certificate; and<\/li>\n<li>Formal request for partial withdrawal<\/li>\n<\/ol>\n<\/li>\n<\/ol>\n<ul>\n<li>If it is a short-term requirement and there is a possibility of repayment in near future, then loans against movable assets such as jewelry, life insurance policies with surrender values, government securities, small savings instruments like national savings certificates, shares, bonds and mutual fund units etc. can be availed.<\/li>\n<\/ul>\n<p>[\/vc_column_text][vc_column_text]<\/p>\n<p><strong>Last updated on<\/strong> 21 August, 2021<\/p>\n<p><strong>Legal Disclaimer &#8211; <span style=\"text-decoration: underline;\"><span style=\"color: #0000ff; text-decoration: underline;\"><a style=\"color: #0000ff; text-decoration: underline;\" href=\"https:\/\/aria.org.in\/legal-disclaimer\/\" target=\"_blank\" rel=\"noopener\">Click here<\/a><\/span><\/span><\/strong><\/p>\n<p>[\/vc_column_text][vc_row_inner][vc_column_inner width=&#8221;1\/2&#8243;][vc_btn title=&#8221;Previous Section&#8221; color=&#8221;turquoise&#8221; align=&#8221;left&#8221; i_icon_fontawesome=&#8221;fa fa-angle-double-left&#8221; add_icon=&#8221;true&#8221; link=&#8221;url:https%3A%2F%2Faria.org.in%2F3grievance-appeal-process-for-insurance-claim-rejection%2F|||&#8221;][\/vc_column_inner][vc_column_inner width=&#8221;1\/2&#8243;][vc_btn title=&#8221;Next Section&#8221; color=&#8221;turquoise&#8221; align=&#8221;right&#8221; i_align=&#8221;right&#8221; i_icon_fontawesome=&#8221;fa fa-angle-double-right&#8221; add_icon=&#8221;true&#8221; link=&#8221;url:https%3A%2F%2Faria.org.in%2F5-advance-preparation-for-disability-or-death-of-main-decision-maker%2F|title:Next%20Session||&#8221;][\/vc_column_inner][\/vc_row_inner][vc_btn title=&#8221;BACK TO ARIATRULYCARES&#8221; style=&#8221;3d&#8221; color=&#8221;vista-blue&#8221; align=&#8221;center&#8221; link=&#8221;url:https%3A%2F%2Faria.org.in%2Fbeta%2Faria-truly-cares%2F|title:Aria%20Truly%20Cares||&#8221;][\/vc_column][\/vc_row][vc_row][vc_column][vc_empty_space height=&#8221;50px&#8221;][\/vc_column][\/vc_row]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[vc_row][vc_column][vc_empty_space][\/vc_column][\/vc_row][vc_row el_class=&#8221;card ariacard&#8221;][vc_column][vc_column_text] Frequently Faced Challenges [\/vc_column_text][vc_column_text] Section IV &#8211; Funding options when income is lost, or loan default has already occurred [\/vc_column_text][vc_column_text] The first line of funding should be redemption of investments. Employees can withdraw up to 75 percent of the account balance or 3 months\u2019 basic salary and dearness allowance, whichever is lower [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"templates\/inner-page.php","meta":{"footnotes":""},"class_list":["post-8215","page","type-page","status-publish","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>4) Funding options when income is lost or loan default has already occurred - Association of Registered Investment Advisers<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/aria.org.in\/beta\/4funding-options-when-income-is-lost-or-loan-default-has-already-occurred\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"4) Funding options when income is lost or loan default has already occurred - Association of Registered Investment Advisers\" \/>\n<meta property=\"og:description\" content=\"[vc_row][vc_column][vc_empty_space][\/vc_column][\/vc_row][vc_row el_class=&#8221;card ariacard&#8221;][vc_column][vc_column_text] Frequently Faced Challenges [\/vc_column_text][vc_column_text] Section IV &#8211; Funding options when income is lost, or loan default has already occurred [\/vc_column_text][vc_column_text] The first line of funding should be redemption of investments. 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