Government of India vide gazette notification dated 12th April 2017, has made amendments to the Employees Provident Funds Scheme. A member may withdraw or finance from the amount standing to his credit in the Fund, for the purchase of dwelling house or flat or the construction of a dwelling house. The amount of the withdrawal should not exceed ninety percent of contribution and interest accumulated in his share.The withdrawal can only be made once and is restricted to members who have had membership of the Fund for at least three years.
Refer, www.simpliance.in, to download all recent amendments and notifications.
27th April 2017 From India, Bengaluru

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File Type: pdf Withdrawal Of PF To Facilitate Housing Needs Of Workers.pdf (1.12 MB, 72 views)

Dear Friend,
I want to withdraw 90% of my pf contribution as per new rule 2017 for down payment to builder for flat booking which is under construction.
I checked current composite withdrawal form in which there is mentioned "for purchase of site/flat indicate cheque to be drawn in favour of and payees address", so in this case whether i have to mention builder name and address or need to mentioned my self name and address to withdraw pf in favour.
31st May 2017 From India, Madras
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