Friday, June 26, 2009

condition for availing of withdrawal/main advances provident fund under the EPF Scheme and Document.

1. For Marriage / Education
Type of AdvancePurposeEligibilityMaximum Admissible Amount**Proof/ documents required
Under Para 68-k of the SchemeFor the marriage of:
  1. self
  2. son, daughter
  3. brother, sister
For education of :
    • self
    • son, daughter
Should complete atleast 7 years of service. 3 times in the entire service50% of Employee share at the time of tendering the applicationApply in Form-31 through the Employer

Bonafide Certificate duly indicating the fees payable from the educational institution

Marriage invitation card along with the
application should be submitted through the employer



2. For he construction/ purchase of dwelling unit (house/ flat)
Type of Advance
Purpose
EligibilityMaximum Admissible Amount**Proof/ documents required
Under Para 68-B of the Scheme
Only Once (either 'construction or purchase of house' or 'repayment of housing loan)
Apply in Form-31
For the construction/ purchase of dwelling unit (house/ flat)

  • Should complete 5 Years of service
  • Only once in service
  • property should be in the name of self or spouse or jointly
  • should not be a joint property owned by other than the spouse
36 times of WagesDeclaration in the Proforma obtained along with application signed by Member

Apply in Form-31 through Employer

3. Repayment of housing loan
Type of Advance
Purpose
EligibilityMaximum Admissible Amount**Proof/ documents required
Under Para 68-BB of the Scheme
Only Once (either 'construction or purchase of house' or 'repayment of housing loan) Apply in Form-31
Repayment of housing loan


  • Should complete 10 Years of service
  • Only once in service
  • property should be in the name of self or spouse or jointly
  • should not be a joint property owned by other than spouse
36 times of WagesDeclaration in the Proforma obtained with approval and signed by the Member

Apply in Form-31 through the Employer

4. For the purchase of site/ plot
Type of AdvancePurposeEligibilityMaximum Admissible Amount**Proof/ documents required
Under Para 68-B of the Scheme
Only Once
For the purchase of site/ plot
  • Should complete 5 Years of service
  • Only once in service
  • property should be registered in the name of self or spouse or jointly
  • should not be a joint property owned by other than spouse
24 times of WagesFilled-up Declaration(from the Employee in the prescribed form and enclosed with the application.

Copy of the Purchase Agreement

Apply in Form-31 through the Employer


5. Addition/alteration of house
Type of AdvancePurposeEligibilityMaximum Admissible Amount**Proof/ documents required
Under Para 68-B(7) of the Scheme
Only Once
Apply in Form-31
Addition/alteration of house
(same type of advance can be availed for repair of house)
  • Should complete 5 Years after construction
  • Annexure III (construction / completion certificate/ utilisation certificate) should be submitted
  • Only once in service
  • property should be in the name of self or spouse or jointly
  • should not be a joint property owned by other than spouse
12 times of WagesCertificates of proof

Apply in Form-31 through the Employer

6. Repair of house
Type of AdvancePurposeEligibilityMaximum Admissible Amount**Proof/ documents required
Under Para 68-B(7) of the Scheme
Only once
Repair of house
(same type of advance can be availed for alteration of house)
  • Should complete 10 Years after construction
  • Annexure XIII (construction completion certificate) should be submitted
  • Only once in service
  • property should be in the name of self or spouse or jointly
  • should not be a joint property owned by other than spouse
12 times of WagesCertificates of proof

Apply in Form-31 through the Employer


7. Withdrawal prior to retirement
Type of AdvancePurposeEligibilityMaximum Admissible Amount**Proof/ documents required
Under Para 68-NN of the Scheme
Only once
Withdrawal prior to retirement
  • No minimum service
  • atleast 54 years of age
  • 1 year before retirement
90% of total of both sharesCertificate from the employer showing the date of retirement

Apply in Form-31








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