Day: April 26, 2018

EPF withdrawal for house, flat or construction of property

EPF withdrawal for house, flat or construction of property

Buzz
EPF changed certain rules in relation to EPF withdrawal for house, flat or construction of property. These rules will come into effect from 12th April 2017. These changes are called as Provident Funds (Fourth Amendment) Scheme, 2017. I already wrote a detailed post on EPF partial withdrawal rules. Now the new paragraph is inserted along with those changes as 68BD. This paragraph will now supersede of whatever written in earlier rules. Let us see these new rules related to EPF withdrawal for house, flat or construction of property. If you are planning to acquire or construct a house or flat or a site, then you can apply for EPF withdrawal for house, flat or construction of property. The two conditions are as below. # If you are interested in purchasing or constructing the house or flat