Advance can be withdrawn from Pf to buy a house, know the rules

23 April 2023 By Business Team You Will Be Able To Withdraw Advance From Pf To Buy A House, Know The Rules

Provident Fund Pf Is A Great Source Of Savings For Employed People.

Epfo Members Can Withdraw Advance From Pf Fund To Buy Property

Epfo Has Made Provision For House Building Advance From Your Pf Account To Buy Plot Or Buy House

There Should Be Five Years Membership Of Epf For House Building Advance As Well As There Should Be At Least One Thousand Rupees Including Interest In The Account.

24 Months Salary Including Da For Purchase Of Plot Or Total Amount Deposited In Epf Account With Interest And Actual Cost Of Plot Whichever Is Less

To Take This Advance You Have To Fill Form 31 On Umang App Or Epfo Website

You Can Find Out Through The Umang App Website Or By Sending An Sms From Your Mobile Phone.

12% Deduction From The Salary Of Any Employee Is For Epf Account.