Anushka Rathod Instagram – Pro Tip: Always keep your UAN, Aadhaar, and bank details updated to avoid delays.
PF Advance withdrawal guide:
1.Purchase of house/flat/construction: For purchase of site: 24 month’s basic wages and DA. For purchase of house/flat/construction: 36 month’s basic wages and DA OR Total of employee employer share with interest OR Total cost (Whichever is least)
2.For construction of house: One or more installments.membership required: 5 years (Para 68B).
3.Home Renovations (owned by member/spouse or jointly with spouse) – 12 month’s basic wages and DA OR Employee Share with interest OR Cost Whichever is least
4.Loan repayment: Least of 36 months’ wages contribution, or total loan
membership required: 10 years (Para 68BB).
5.Medical emergencies (Self or Dependent): 6 months’ wages or employee share plus interest.
no membership requirements (Para 68J).
6.For marriage (self or family) or post-matric education of children: 50% of employee share.
membership required: 7 years (Para 68K).
7.Pre-retirement withdrawal: Up to 90% of PF balance.
membership required: within 1 year of retirement/superannuation or after 54 years of age, whichever is later. (Para 68NN).
8.Employee has not received wages for more than 2 months continuously (for reasons other than strike): Employee share with Interest
9.Handicap equipment purchase: Least of 6 months’ wages, contribution, or equipment cost (Para 68N).
Read the detailed document here on EPFO: https://www.epfindia.gov.in/site_docs/PDFs/Downloads_PDFs/EPFScheme.pdf
[Anushka Rathod, EPF Withdrawal, Finance Tips, Money Matters, Financial Planning]
#AnushkaRathod #EPFWithdrawal #FinanceTips #MoneyMatters #FinancialPlanning | Posted on 10/Dec/2024 19:29:06
