EPF Withdrawal for improving/modifying Existing House
EPF Amount can be also withdrawn for modifying/adding/improving existing House owned by member/Spouse/jointly with Spouse
Criteria: Minimum of 10 years in EPF and Constructed house should be greater than 5 years.
No of installments: One or more
Document required with Form 31: Declaration Form from Member
Amount Eligible: 12 month’s Basic wages+DA or Employee Share with interest or Total Cost whichever is lower
Note: Employer’s Share won’t be included in the above calculation