Dear Seniors,
I want to know in which situation or condition we can get an advance from our EPF account. Please explain.
I also want to know how much amount we can take as an advance from our EPF account. Please also suggest the complete procedure to take an advance from the PF account.
Regards,
Tarun Chauhan
From India, Dehra Dun
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9I want to know in which situation or condition we can get an advance from our EPF account. Please explain.
I also want to know how much amount we can take as an advance from our EPF account. Please also suggest the complete procedure to take an advance from the PF account.
Regards,
Tarun Chauhan
From India, Dehra Dun
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Withdrawals:
For the purchase of a site for the construction of a house - Min 5 yrs in PF membership.
For the construction of a house - Min 5 yrs.
For the purchase of a flat - Min 5 yrs.
For additions/alterations to the house - Min 5 yrs.
Members can withdraw their share with the employer's share together with interest.
Advance:
For illness - stay in the hospital for a month - 6 months wages + DA.
For the marriage of son/daughter/sister/brother - min 7 yrs in membership - 50% of the member's own share.
For more details: [EPFO](http://epfindia.nic.in) [<link updated to site home>]
From India, Lucknow
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For the purchase of a site for the construction of a house - Min 5 yrs in PF membership.
For the construction of a house - Min 5 yrs.
For the purchase of a flat - Min 5 yrs.
For additions/alterations to the house - Min 5 yrs.
Members can withdraw their share with the employer's share together with interest.
Advance:
For illness - stay in the hospital for a month - 6 months wages + DA.
For the marriage of son/daughter/sister/brother - min 7 yrs in membership - 50% of the member's own share.
For more details: [EPFO](http://epfindia.nic.in) [<link updated to site home>]
From India, Lucknow
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