Amit Aishwary Choudhary
Managing People At Work.
Vinod954
Security Guard.

Thread Started by #Vinod954

Sir I am temporary employee at xxx organization.. I am 3 year service in this company ...how to withdrawal my epf temporary reason my daughter's marriage...pls kindly help me sir
23rd September 2017 From deleted, deleted
## As per Para 68K of EPF Scheme 1952
Advance from the Fund for marriages or post-matriculation education of children
(1) The Commissioner or where so authorized by the Commissioner, an officer subordinate to him, may on an application from a member, authorize payment to him or her of a non-refundable advance from his or her provident fund account not exceeding fifty per cent (50%) of his or her own share of contribution, with interest thereon, standing to his or her credit in the Fund, on the date of such authorization, for his or her own marriage, the marriage of his or her daughter, son, sister or brother or for the post-matriculation education of his or her son or daughter.
(2) No advance under this paragraph shall be sanctioned to a member unless—
(a) he has completed seven years’ membership of the Fund; and
(b) the amount of his own share of contributions with interest thereon standing to his credit in the Fund is rupees one thousand or more.
(3) Not more than three advances shall be admissible to a member under this paragraph.
** If you want to withdrawal Epf Amount for marriage of self/daughter/son/ brother/sister then Membership/ period required 7 years.
According to you, you has completed only 3 years of service . In such case you are not eligible to withdrawal epf amount for marriage purpose.
Regards,
Amit
23rd September 2017 From India, Delhi
Reply (Add What You Know) Start New Discussion

Cite.Co - is a repository of information created by your industry peers and experienced seniors. Register Here and help by adding your inputs to this topic/query page.
Prime Sponsor: TALENTEDGE - Certification Courses for career growth from top institutes like IIM / XLRI direct to device (online digital learning)





About Us Advertise Contact Us
Privacy Policy Disclaimer Terms Of Service



All rights reserved @ 2019 Cite.Co™