EPF Withdrawal for Purchasing a site or Flat
EPF Amount can be withdrawn for these purposes also
a) Purchase of house/flat/construction of house including acquisition of site from an Agency
b) Purchase of site for construction of dwelling house/purchase of house/flat from an Individual
c) Purchase of dwelling house/flat on ownership from Promoters
Criteria: Minimum of 5 years in EPF
No of installments: One or more
Document required with Form 31: Declaration Form from Member
Amount Eligible:
If you are purchasing a site for constructing House : 24 month’s basic wages and DA or Total cost whichever is lower
If you are constructing a house: 36 month’s basic wages and DA or Total cost whichever is lower
Note: If the Total Employer and Employee share with interest is lower than all these then only that amount would be sanctioned and not the above mentioned amounts.
IMPORTANT: