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
6From India, Mumbai
Dear Rajendra Vekhande,
As per 68(k) of the EPF & MP Act 1952, withdrawal from PF is possible for marriage purpose, under the following conditions.
1. The member should have a minimum balance (including interest) of Rs. 1,000 in PF towards employee contribution.
2. Marriage should be member's own or brother's/sister's/
son's/daugher's.
3. 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), altogether withdrawal will be admissible for maximum three occassions.
5. Amount admissible is 50% of employee contribution.
Abbas.P.S
From India, Bangalore
As per 68(k) of the EPF & MP Act 1952, withdrawal from PF is possible for marriage purpose, under the following conditions.
1. The member should have a minimum balance (including interest) of Rs. 1,000 in PF towards employee contribution.
2. Marriage should be member's own or brother's/sister's/
son's/daugher's.
3. 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), altogether withdrawal will be admissible for maximum three occassions.
5. Amount admissible is 50% of employee contribution.
Abbas.P.S
From India, Bangalore
I wanted to mention here contradiction of govt. rule. PF withdrawal for self marriage rule contains one rule ie. he/she has completed 7 years of service to withdrawn his pf. If a person is postgraduate means takes 25years for education completion + 7 years of service = total is 32years.
that means he has to wait for marriage until 32 years just for pf withdrawal .... what the rule of government ... is this logistic rule??
From India, Pune
that means he has to wait for marriage until 32 years just for pf withdrawal .... what the rule of government ... is this logistic rule??
From India, Pune
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