Dear Friends, Could I withdrawal my pf for marriage purpose? What should be criteria & how can I get this benefit? Rgds, Raj....
From India, Mumbai
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6From India, Mumbai
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Dear Rajendra Vekhande,
As per 68(k) of the EPF & MP Act 1952, withdrawal from PF is possible for marriage purposes, under the following conditions:
1. The member should have a minimum balance (including interest) of Rs. 1,000 in PF towards employee contribution.
2. The marriage should be the member's own, or brother's/sister's/son's/daughter's.
3. The member should have a minimum service of 7 years in PF.
4. For marriage purposes as above and for children's post-metric education (both will come under 68k), withdrawal will be admissible for a maximum of three occasions.
5. The amount admissible is 50% of the employee's contribution.
Abbas.P.S
From India, Bangalore
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As per 68(k) of the EPF & MP Act 1952, withdrawal from PF is possible for marriage purposes, under the following conditions:
1. The member should have a minimum balance (including interest) of Rs. 1,000 in PF towards employee contribution.
2. The marriage should be the member's own, or brother's/sister's/son's/daughter's.
3. The member should have a minimum service of 7 years in PF.
4. For marriage purposes as above and for children's post-metric education (both will come under 68k), withdrawal will be admissible for a maximum of three occasions.
5. The amount admissible is 50% of the employee's contribution.
Abbas.P.S
From India, Bangalore
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I wanted to mention here a contradiction in the government's rules. The PF withdrawal for self-marriage rule contains one requirement, i.e., the individual must have completed 7 years of service to withdraw their PF. If a person is a postgraduate, it means they have taken 25 years for education completion, plus 7 years of service, which totals 32 years. This implies that they have to wait until 32 years of age just to withdraw their PF for marriage. What kind of rule is this by the government? Is this a logical rule?
From India, Pune
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From India, Pune
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Dear senior. Good evening !! how much amount would be take from pf account?.
From India, Delhi
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From India, Delhi
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PF Withdrawal New Rules.pdf
PF WITHDRAWAL RULES.zip