TDS (Tax Deducted at Source) is applicable on pre-mature EPF (Employees Provident Fund) withdrawals of Rs 50,000 or more with effective from June 1st, 2015. Also, EPF withdrawals are liable to income tax if withdrawn before five years of service. You are actually allowed to withdraw (legally) only if it has been more than two months that you are out of work and your are still unemployed.
Does this mean that you can not withdraw your Provident Fund till you retire? Are there any options to partially withdraw your EPF balance, without getting taxed?
In this post, let us learn about EPF Partial Withdrawals / Advances rules and conditions, various options that are available to an EPF subscriber to claim partial PF withdrawals and the procedure to apply for EPF advance / loan.
EPF Partial Withdrawals – Options
Below are the various reasons for which you can make a partial withdrawal from your EPF Account. These partial withdrawals are usually computed on the basis of your monthly salary or contributions made so far.
(The definition of SALARY for EPF calculation is : Salary = Basic + Dearness Allowance. So, salary here does not mean your Take Home salary. Also, the ‘number of years of service’ is the total number of years you have worked / contributed to EPF. It can be with multiple employers. The amount of advance/withdrawal is not required to be refunded under normal circumstances. If the amount is not utilized, the same should be refunded with penal interest)
EPF Advance / Withdrawal for Purchase of House / Flat, Construction of House and acquisition of Site
You can withdraw up to 90% of EPF Balance (Employee share and interest on that+Employer share and interest on that) or the cost of the construction of property whichever is less. You are allowed to withdraw only once in your working life from the EPF Account to fund the construction, purchase or repayment of a housing loan.
To avail this option, you should have completed 5 years 3 years of service (with effective from 12-April-2017) to purchase or build the house. For buying land or site, the withdrawal amount can be 24 times of your basic wage and should have completed 3 years of service. (Kindly note that as per EPFO’s staff, if you are purchasing from a builder directly, then the minimum PF membership is still considered as 5 years only.)
Your accumulated EPF balance must be more than Rs.20,000. If your spouse is also the EPF member, then the combined balance will be considered for the eligibility.
Henceforth, the EPFO will not transfer the Advance amount to EPF member (employee’s) account. The amount will be credited to Cooperative society, Central Government, a State Government, or any Housing Agency under any Housing Scheme or any promoter or builders as the case may be, in one or more than one installments.
If the amount of such withdrawal is more than the actual cost or expenses of acquiring the property, then you have to refund such excess amount to EPFO in lump sum within 30 days from the date of allotment / completion of project / alteration of house etc.,
In case, you do not utilize the EPF advance amount completely for the said purpose, you have to refund the entire amount to the EFPO account within 15 days.
Below table has all the required details.
Below is the standard ‘Declaration Form‘ provided by the EPFO. The EPF member has to submit this form in case the ‘partial withdrawal’ is for HOUSING purposes. There is no need to enclose any other documents like copy of Sale Deed, Building Sanction plan, Encumbrance Certificate etc., The form has to be signed by the employee and the employer. Click on the below image to download the ‘Declaration Form Template’. This standard declaration form will be discontinued from Feb 2017. Henceforth, there is no need to submit this form (latest update as on 22/Feb/2017)
For obtaining EPF advance for purchase of house/site, employee(s) have to now submit application letter as below;
Latest Update (22-February-2017) :
EPFO has introduced new composite, single page and common Withdrawal form for all types of Withdrawals. This new Composite Claim Form (CCF) will now replace all the existing withdrawal Forms 19, 10C & 31 (both UAN & Non-UAN based). Kindly read this latest article @ New EPF Composite Claim Form | Single Page Form for different types of PF Withdrawals (Full / Partial).
Withdrawals from EPF A/c for Repayment of Home Loan
If you are prepaying the debt (loan), you should have completed at least 10 years of service. To avail this provision, you need to submit Loan certificate / statement to your employer, along with From 31 (form for EPF partial withdrawal),.
The withdrawal amount that is admissible for this reason can be least of the below;
i) 36 times of your monthly salary (or)
ii) Total contribution (or)
iii) total outstanding home loan amount
You can now use your EPF balance to repay your home loan EMI either fully or partly. You can instruct the EPFO to deduct monthly amount from your PF balanced and the same will be transferred to your Loan account, as long as there is sufficient EPF balance in your account. This transfer will be active as long as you are the member of EPF. Once your membership of EPF ceases, then EPFO will stop to repay the loan.
You need to submit below authorization letter to EPFO;
EPF partial withdrawals for Medical Treatments
The EPFO allows advance withdrawals whenever you need funds for medical treatment for yourself or a family member (spouse, children or dependent parents). No minimum years of service is required. However minimum one month of hospitalization is a must.
The advance can be taken for all major surgical operations or for treatment of critical illness. You have to submit proof of hospitalization, leave certificate along with Form 31, in case the funds are for your own treatment. (Latest Update (28-Apr-2017) : For partial withdrawal towards medical treatment, now there is no need to submit any medical certificate or document. For more details, kindly read – ‘EPF advance for medical treatment‘)
EPF Partial Withdrawals for Education or Marriage Expenses
You can make a partial withdrawal for marriage of your children, brother / sister and yourself if you have completed seven years in service.
You can also make a partial EPF withdrawal for meeting education expenses of your children. Do note that only ’employees contribution’ is allowed to be withdrawn.
EPF advance to an Employee who is physically handicapped
An employee who is physically challenged can apply for EPF partial withdrawal for purchasing any equipment that can minimize the hardship on account of handicap.
Partial Withdrawal within one year before retirement
After attaining 54 years of age and within one year before retirement, a partial withdrawal of up to 90% of PF amount is allowed.
How to apply for / claim EPF partial withdrawals?
You need to submit EPF Partial Withdrawal form i.e., Form no 31 along with the required documents / proofs to your Employer. In EPF’s Advance form no 31, you need to provide your personal, PF account, salary and bank account details. Once the claim is processed, you will receive direct credit to your bank account.Do note that only after your Employer verifies your partial withdrawal application will the EPF office processes it.
Latest Update (22-Feb-2017) : With effective from Feb 2017, Form 31 will be replaced with new EPF Composite Form. Kindly click here to know more.
Your EPF contributions / savings are meant for your retirement (long-term). So, think twice before you withdraw your PF money. Try out all the options and sources to fund your expenses or needs. EPF Partial Withdrawals should be your last resort.
Latest News : You can now submit PF new claim forms directly to EPFO office without your Employer’s attestation. Download New Composite Claim Form. Click here for complete details.
Latest update (22-June-2017) : EPFO (Employees Provident Fund Org) & HUDCO (Housing & Urban Development Corp) plan to tie up for providing housing subsidy to members of EPF Scheme, under Pradhan Mantri Awas Yojana. As per the recent notification, EPFO now allows its subscribers who want to buy a house property from Housing Societies / Agencies to withdraw up to 90% of their EPF accumulations to buy homes.
(Source & Reference: EPFO. Photo Credit : rediff.com)
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EPF Withdrawals : New Provisions & Rules related to TDS
Hi ,
Is the partial withdraw applicable for commercial construction as well ? OR is it just for House Construction ?
Also, what type of document i would require to submit for the same ?
Thanks in Advance ,
Amarnath
Dear Amarnath,
I am not sure if partial PF withdrawal is allowed for commercial property construction.
Hi bro
Recently ihv withdran partial pf ammount , can i do full and final settlement of my pf account.
Dear Ajey ..If one is unemployed for min 60 days and not contributing to EPF scheme then he/she can make full EPF balance withdrawal.
Related Article : EPF online withdrawal – process..
Dear Sir,
i have to apply for advance claim through employer purpose house contraction . am applying on 31st March . now a days am not getting a single alert from EPFO . what i can do give the guidance to get the process quickly.
Dear Venkat,
There have been some tech issues during the first two weeks of April @ EPFO online claim processing facility.
Suggest you to submit your grievance to them online..click here..
i had once withdrawn PF amount in August 2017 for construction of house. I will be completing 7 years in the organisation . will i be able to withdraw PF amount again for the repayment for pending construction??
Regards
Monirul
Dear Monirul,
For the same purpose, you can not withdraw again.
Hi … I have submitted UAN form 31 for partial withdrawal in gurgaon on 18th May -2017 for purchasing flat at bangalore… and the Payment is directed to the builder (agency) … May i know when i can expect payment from EPFO
This is required very urgently is there any way to request EPFO to process it fast…. Please help and support
Dear vinay ..EPFO generally takes 10 to 30 days to process the claims.
Kindly read : How to track EPF claim status online?
Hello,
I have completed 6 years in my present employer. I need part PF withdrawal for House re construction which is in my dad’s name.
I have composite form duly signed by employer. Do I need anything else ?
Dear Sayan .. Kindly note that the property has to be in the name of EPF member / Spouse / co-owned by both only.
Hello Srikanth,
I have completed 7.2 years total service. Now i am planing to withdraw my EPF for buying flat. My previous organization EPF name is Bhanu Prakash T S and present organization EPF name is Bhanu T S, but same UAN number. Is it to change my present organization EPF name?. My EPF account in Tamil Nadu but working in bangalore, shall i submit CCF in bangalore?. Kindly suggest me.
Dear Bhanu,
Advisable to have same Name across all EPF accounts.
You may first try transferring the old EPF a/c monies to your new account and then can apply for Partial withdrawal.
You can submit CCF to TN EPF office.
Kindly read :
EPF Partial withdrawal options
How to make online EPF withdrawal?
Hello Sir,
I wanted to withdraw some amount from my EPF for house renovation. For online application I will need to link my Adhar no with my UAN account. However my challenge is that my UAN account is created on my maiden name, however my adhar card is on my married name. When I try to link my adhar card to UAN account, the authentication is failing due to name mismatch. Please advice how I can rectify this.
Thanks in advance
Dear Sonia ..You may have to submit ‘name correction’ request through your employer to EPFO. Kindly check with your employer on this.
Thank you !!
Hi Sir,
I have submitted my EPFO Partial Withdrawal application to my Employer about a week ago. They have also confirmed that my application has been submitted. However when i check my claim status in EPFO Portal it is still showing as “No Record available”. Please help me how long it will take to reflect in in the claim status?
Regards
Shan
Dear Shan ..To reflect ..I am not sure ..But once EPFO receive the application, they generally settle the claim within 20 to 30 days.
Hi Sreekanth,
Firstly, thank you for the very informative article on EPF. I had applied for partial withdrawal as I’m purchasing a house. I have 3.5 years of service as of May 2017. My application got rejected on the grounds of not having 5 years of service. I just got the rejection letter from them.
As per the information mentioned by you in this blog, the updated criteria with respect to Years of Service/Contribution is 3 years w.e.f April 2017. However, the EPFO has rejected stating it has to be 5 years.
Could you please help me with any reference from EPFO where this new amendment in the criteria is documented? That will help me submit Grievance with the department.
Thanks,
Chandan
Dear Chandan,
You can find information on this on EPFO official Facebook page.
Also, kindly read this article on ‘The Hindu’.
Dear Sreekanth,
Thank you for the information. I also found a circular dated April 21, 2017 calling out 3 years service as the requirement. I plan visit the office along with the copy of their own Circular/Notification and question them. Hopefully they will process it.
Regards,
Chandan
Dear Chandan ..They have to consider your withdrawal request. If possible, kindly share that circular url link plz…
Dear Sreekanth,
Here is the link for the circular, dated – 21 April 2017
Link : https://goo.gl/Z7kw18
Thank you dear Chandan.
Dear Sreekanth,
I went to EPFO Office today along with the above mentioned Notification/Circular. I was told that the above circular is referring to a new section 65 BD and is applicable for society and not for flat being bought through builders. There should be a registered society and they are ignoring the article published by HINDU on their EPFO official FB page. I showed them all those things. As per them, the number of service is revised to three years if you apply through a registered society, houses/flats being constructed through forming a society. The amount will be paid to the society/agency.
When they rejected my application (Form 31), they are referring to section 65B where the Membership service criteria to withdraw is still showing as 5 years.
So as per them, those who apply through Form 31, for partial withdrawal will be rejected if the applicant member service/contribution is falling short of 5 years.
Looking at the EPFO official FB page, Hindu article, and these blogs, people might apply but their applications might get rejected.
Dear Chandan,
Thank you very much for sharing this information.
I have shared this information on my Facebook page.
Dear Sreekanth,
I have applied for a home loan towards purchase of a flat under construction. All disbursements from the bank has been done. The construction is complete and I have received the possession letter. But I still have one last installment of 4Lakhs to be done from my hand. I am completing 5yrs of service in a month and my current PF balance is 3.5L. So my questions are:
1. Can I withdraw from PF account?
2. How much can I withdraw?
Thanks for your reply in advance.
Dear Ashok,
1 – I believe you can make partial withdrawal.
2 – Up to 90% of your EPF balance.
Kindly read : How to withdraw EPF online?
Hi,
I would like to withdraw some amount from my EPF for house renovation purpose. I am staying in Calcutta, but working with Mumbai based company and PF is in Thane area. Where I have to submit the Adhaar based form? Can I submit it online ?
Dear S B ..EPF withdrawal can be made online now..click here..
Hi Sreekanth,
My Father wants to withdraw some amount from his PF account. We had purchased a property two years back and now we have to do the payment for final installment plus registry amount.House loan is on my mother’s name.Will this criteria fulfill the needs for withdrawing the amount?? My fathers age is 55 years and he is working in same company from 26 years.
Hoping for earlier response.
Regards
Piyush Arora
Dear Piyush ..Yes, I believe that he can withdraw partial amount from EPF a/c.
Can you Please guide me about the procedure.
Dear Piyush ..Kindly read :
Online EPF withdrawal facility.
New Composite claim form.
I have applied for PF Partial withdrawal for House construction on 8th of May. However due to personal commitment I have to leave the company after serving two months of notice period. Will the EPFO will reject my application or is there any penalty?
Dear Horam ..They may accept your application based on your past contributions and your Date of exit may happen after they approve your request.
Thank you so much for your quick response!!!
Dear Sir,
I have completed 6 years of service in present organisation and still on. I need to withdraw partial EPF amount for repairing my house. Please guide me the correct route to approach the latest forms and procedures.
Regards,
Lichen Tamang
Dear LICHEN ..You may either submit new EPF withdrawal form (or) can submit online withdrawal form (no documents are required).
Sir,
Actually I have one problem, my correct name is LICHEN TAMANG but by mistake my name in EPFO account is LICHAN TAMANG, It is to be corrected as LICHEN TAMANG.
Sir, kindly advise for the how to correction my name in EPFO account. Sir is it possible.
Dear LICHEN ..It is possible. You need to submit name correction request to EPFO through your employer.
Dear Sir,
Yesterday (16.05.2017) I have visit regional EFP office Siliguri for the purpose EPF part withdraw but PRO denied for EPF part withdraw for 06 year JOB. As per PRO advise job should be 7 year complete. Sir I have complete only 06 years ( 72 month).
I am in confusion so kindly advise in this matter. .
Dear LICHEN ..As far as I know, one can withdraw partial amount after completing 5 years from the date of construction of house.
You may submit your grievance online..click here.. and check what they have to say about this..
Dear Mr. Sreekanth,
I’ve submitted Non Adhaar based composite claim form through my employer for part withdrawal of PF. It is for purchase of house. I’ve completed eight years. AS per new cicular, the PF office says I have to visit PF office for Aadhar authentication and now no claim is being processed. I’ve sent the manual form not online to the Mangalore office. What is the procedure now. I’m working in Delhi, will I’ve to visit Mangalore PF office ?
Dear Milan,
If have routed the application form through your employer, it will be processed soon.
You may track the withdrawal application status online..
Dear Mr. Sreekanth,
i had once withdrawn PF amount in August 2013 for purchasing a house. by that time i had completed 5 yrs in the organisation. i will be completing 10 years in the organisation next year. will i be able to withdraw PF amount again for the repayment of housing loan outstanding??
Regards
Hari
Yes, dear Hari..you can make partial withdrawal for the said purpose.
Dear Sreekanth,
Very helpful article. My EPF account is 4 years 6 months old . Am I eligible to withdraw money for buying home. I want to buy flat directly from builder NOT CO-OP Society. I have deduct VPF(voluntary PF) every month , Is there any way to withdraw VPF amount if whole amount is not acceptable.
Please help me if there have any possibility for me.
Dear Santu ..You can make partial withdrawal for the said purpose.
Dear Sreekanth,
I have completed 8.5 yrs of service. I want to withdraw PF for purchase of a flat which i will be using for downpayment.(rest will be loan). Am i eligible for the withdrawal. If so what the document i need to submit. (note:I will be purchasing from a builder)
Dear Satya ..Yes, you can withdraw up to 90% of your EPF balance. There is no need to attach any property related documents.
The claim amount will be paid to builder directly by the EPFO.
Thanks a ton Sreekanth.
I want to withdraw PF for home loan payment, I have completed 8.5 years in my current organization, and also worked for 2.5 years in my first company, my total service is 11 years, but I have not transferred my first company PF to my current account, my doubt is, how EPFO will calculate my 10 years of service.
Dear Suhel ..Did you withdraw first EPF a/c monies or is it still available in the account?>
I had left last company in March, 2008 and I put paper for PF transfer from that account to my current account, but I came to know that, from Feb 2008 to March 2008 contribution has been transferred in my current account, my last company had created trust, so they transferred money from trust and asked me to file separate application to PF commissioner for rest of the amount. I can see 1.5 months PF transfer in current statement.
Dear Suhel ..If you transfer old EPF ac monies to your new account then your total contribution years will be more than 10 years. You can make partial withdrawal for the said purpose.
Hi
As per the new rule, if I have to partially withdraw PF money for purchase of house, then that has to happen through a society/co-operative. But I’m planning to purchase a flat directly from the builder, so am I not eligible in this case to withdraw from my PF? Or is there any way out?
Dear Sree ..I believe you can apply individually also and mention ‘Seller’s’ details in Composite claim form..
Dear sir,
I have an UAN account with present and previous pF accounts total for 6 yrs. can i with draw both amounts excluding pension for purchase of site? in that case ,whose account number i should mention in the composite claim form
my account or seller account number ??
how repayment should be done
Dear sai ..Yes, you can withdraw, its Seller’s account number, either through Cheque or online transfer mode..
I have one question—
I have worked for one company since 1st April 2012 to 30th June 2016 —–4 Years 3 months.
Since 30th June 2016 till today that is 1st May 2017 I am unemployed for personal reason—10 Months unemployed.
I have done only 4 years 3 months job. But total duration of employment and unemployment is 5 years 1 months as on 1st May 2017. Currently I am unemployed.
I want to do full withdrawal of my EPF and EPS fund which is around 6,50,000 Rs. on 1st May 2017. Following are my questions regarding this.
1–Can I withdraw full EPF and EPS?
2–After application how many days are required for account credit?
3–All withdrawal amount will be taxable OR non taxable?
Dr. Pradeep Khedkar
9372403668/9595803668
Dear Pradeep,
1 – Yes.
2 – Generally within 30 days.
3 – Taxable. Kindly read : EPF withdrawals and TDS rules..
But I have completed total 5 years. 4 years 3 months of service and 10 months of working in my own clinic but no EPF contribution
Total period of 5 years completed for EPF fund.
Dear Pradeep ..Total number of contributions in your case would be less than 5 years..
Hi Sreekanth,
Appreciate your help in advance.
I have been working in organisation for more than 6yrs now, I want to withdraw my PF amount to renovate my house. This house is not on my name. Please suggest if I can still withdraw the PF amount stating reason as House Renovation.
I have updated all my details like Bank name, IFSC code, Aadhar number on UAN website under KYC info.
Please suggest how do I proceed.
Dear Rajeshwar ..The house has to be either in member’s name / spouse name / jointly held one..
Hi Sreekanth,
Thanks for the update.
Please suggest how can I withdraw partial amount(employee+employer) share in this case.
I need this money for house renovation. This house is on my fathers name.
Dear Rajeshwar ..Kindly read : 5 ways of transferring real estate property!
Hi,
Many thanks for the informative content.
My query is ” I have completed 7 years of service in present organisation and still on. I need to withdraw EPF amount for flat purchase. Please guide me the correct route to approach the latest forms and procedures.
Regards,
Mohan
Dear Mohan,
You can submit New Composite Claim form along with the application form (as provided in the above article).
Thanks for the reply….
one more thing to ask…to whom we should address the CCF(Aadhar)…?
Regards,
Mohan K
Dear Mohan ..To EPF commissioner…
Does we have to submit application form through our Employer?
Dear Santosh ..Kindly read : EPF New composite claim form..
Can PF been withdrawn to purchase re-sell property?
Thanks in advance.
Yes, dear Santosh ..
I want to Construction my house, how to take the PF loan currently i have completed 5 years in the organization.
Dear Sharath ..You can submit new Composite PF Claim form along with Application letter (provided in the above article).
Hi,
Recently I have been submitted a Form31 for PF advance fro site purchase.
And I have got the Money in the account recently.
But the Amount which is received from PF office is lesser than my and Employer contribution deducted.
My question is why i did not received full amount,
1. whether pension contribution is not paid?
2. or They may settle the amount with one more installment.
Please advice
Regards,
Mahi
Dear Mahi ..EPS amount is not included in these calculations..
Sir
how to Withdraw PF Advance
Gud evening Sir,
I B.Jaya krishna, Sir i want to withdraw partial amount about my health treatment, so how can do this. please tell me.
Dear Jaya Krishna ..You can submit New Composite claim form for your partial withdrawal.
PF rules clarifications are quite informative.But I have one question.I am a private firm’s employee and a PF member also. Can I get a repayable loan from my contribution to the PF account? For such loan what is the format?
Reply
Dear RAJIB ..There is no need to repay the EPF advance..
I have applied PF loan for the house purchase. The application submitted to PF office on 14-Mar-2017. But I can’t able to find the status of my claim… Kindly advice how to check the same and how many days will it take to process my loan application.
Dear Sriram ..They generally settle claims within 20 to 30 days.
Read: How to check EPF claim status online?
Did you get your money?
Hi Sir,
can i get a loan for constructing a house on the site which is on my father name?
No, dear samba .. The property has to be in the name of EPF member/spouse/jointly-held.
Hi,
I have worked in a company for 8 years and 11 months. I left the company year back. But haven’t my PF account to the new organization. I want to repay my loan, can I withdraw the earlier companies PF? And will I get the complete amount accumulated in my PF account?
Thanks & Regards,
Prasad
Dear Prasad..If you are contributing to PF currently, suggest you to transfer old EPF ac monies to new EPF account and you may then make a partial withdrawal (minimum contribution years is 10).
I worked for around 8 years in different companies & keep transferring my PF in the last company i worked. Last company i worked for 2 years 10 months.
I moved U.S. two years back & as per EPFO rules no interest in case account inactive for more than 2 or 3 years.
So i would like to withdraw my PF.
As per the articles i gone through my understanding if we are withdrawing tax after 5 years of continuous service no tax liability. Still would like to confirm
Am i liable for paying tax on the amount?
Dear Pradeep..Yes, PF balance if withdrawn after minimum 5 years of contribution, is tax-exempt.
I am planning to buy a flat. I am working in an organization for 12 years. Could you please let me know if I do withdrawal for purchasing a Flat will the tax be deducted?
Dear Kuppan..No, it is not a taxable amount.
Thank you Sreekanth. Am I eligible to withdraw only Employee share (or) both employee & employer share?
Dear Kuppan ..Abt amount eligibility, kindly refer to Table No.1 ..
Dear Sir,
I have completed 6.9 years of service at my present company. i would like to take advance from my p.f. balance for my sisters marriage. how much amount can i get? please advice.
With Regards
Tanzeem Hussain
Dear Tanzeem,
Minimum years of contribution is 7 years and you can withdraw up to 50% of your share (with interest).
sir i have completed 7.2 years of service at my present company. i would like to take advance from my p.f. balance for my sisters marriage. how much amount can i get? please advice.
Dear tanmoy,
You can get up to 50% of your Share (employee’s contribution) + interest .
Read : Components of EPF.
Hi Sir,
I applied for pf advance loan for my marriage.
I receive only one sms from your team as “CLAIM FORM 31 FOR PF ADVANCE FOR MEMBER ACCOUNT NO BGBNG************1703 HAS BEEN RECEIVED ON 21.02.2017 IS UNDER PROCESS.” but still it is in under process, when I applied they informed me that within 21 days amount will be credited to my account but now already 45 days completed, still I didn’t receive amount & any update also.
Please look into this and do the needful ASAP.
How long did it take to get a SMS from pf office, I have submitted my form couple of days back and still didnt receive any msg
Dear Vinod..You may track your claim status online..click here.
thanks for your fast reply
in claim status its showing as “CLAIM FORM 31 FOR PF ADVANCE FOR MEMBER ACCOUNT NO BGBNG00254580000001703 HAS BEEN RECEIVED ON 21.02.2017 IS UNDER PROCESS.” already 45 days is over your team said within 21 days still is under process.
please look into this and advice
Thanks
Vinod.V
Dear Vinod..Kindly note that we are not associated with EPFO 🙂
You have to contact them directly.
Thanks a lot Sreekanth!
Hi Sri,
I have completed service ,presently in 3rd company.
1 st company 2 yrs
2 nd company 4 yrs of service
3rd company 3 years of service and still working in 3rd company
I have total of 6 laks in my pF account have nt done any withdrawal till today and have tranfered the previous comapny pf amount to present account.Planing for house buying hw much i can withdraa
Dear ravi,
Kindly refer to the table 1.
You can withdraw to the extent of least of i) 36 Months of Basic + DA, ii) Total Employee share + Employer share + interest (or) iii) total purchase cost.
hi ,
I have applied for PF withdrawal under house construction , Will there be any verification done to check if i have invested in house or not ?
How will PF office know that i have utilized the amount for the reason specified ?
Dear Irfan..No verification is done! The claim amount is payable based on your self-declaration.
hi
I have worked in an organization for 6.9 years and left it . But i haven’t worked for 2 months and post that i started working in small organization where they don’t contribute any amount for PF .
Now i have applied for PF withdrawal thru my previous organization and its has been submitted to PF office last week
So will i get the complete amount and if so how many will it take to credit to my account
Could you please respond me back for the above query
Dear koushik ..You will get full PF balance, EPFO generally settles the claims within 30 days.
Dear Team,
I want epf loan 60000 (sixty thousand only) due to urgent work. my epf balance is 100000. is it possible to loan withdraw. my service is 04.4 years.
Dear dilip..you may not be eligible to make partial withdrawal.
Hi,
My service is 4 years 7 months in current organization and a total of 7 years of service with 3 different organization including this current one.
I want to withdraw full amount from my PF account, so my question is?
1. Will I be able to withdraw the full amount?
2. Will there be any tax deduction keep in mind my 4.7 years in current org. and 7 years of total service with 3 org.
3. What’s the complete procedure to do it from scratch?
You reply is much appreciated.
Thanks,
Syed.
Dear Syed,
If you are employed and currently contributing to EPF scheme, you can not make full balance withdrawal.
Did you transfer old EPF accounts’ monies? Or did you withdraw EPF anytime previously?
Thanks Sreekanth for the reply!
Let me start to answer your questions:
I didn’t transfer PF from my previous PF account of previous employers. I withdrew it when I left it.
I heard that one can withdraw 24*basic salary and in that case say if my basic is 5K and a total of 100000 I have in my PF, Am I still not eligible to withdraw this 100000 as it’s less than 24*5K.
Also what about the TDS 10% deduction keeping in mind my 4.7 years in current org. and 7 years of total service with 3 different org. including this one.
Thanks,
Syed.
Dear Syed,
If you have withdrawn EPF balance(s) earlier, your number of contribution years are not carried forwarded.
So, your current 4.7 years is what is counted if your withdrawal.
Yes, TDS will be applicable.
Kindly read:
EPF withdrawals & new TDS rules.
New EPF composite withdrawal form.
Sir i put an application for my brother’s marriage, can you sanction it as early as possible
Dear Jyoti ..Kindly contact EPFO..
Dear Sir,
13 feb i have put up personal loan for home construction but loan is rejected and reason is Reason of rejection: MEMBERs DECLARATION IN FORMAT NOT ENCLOSED (FOR 68 B ADVANCE) what i do for this reason and currently i have not received my rejection letter and without rejection letter PF office will not submitted new form please assist
Dear ROHAN,
I am unable to understand your query. Personal Loan against EPF advance?
I applied for PF loan for purchase of Flat 20 days back. When i checked the status of my claim its saying your claim form 31 received on February 21, 2017 and is under process. Usually how much time it will take to credit in my account?
Dear VIJAY ..They generally pay the claims within 30 days.
But its almost more than 25 days and still the status is showing under process. Is there any technical problem and weather there might be a chances that i will be delayed and will take more than 30 days?
I have completed 4years 9months in my first company, 1year 9months in my second, 2years 8months in my third and in my current company, I have completed 1year 6months. I have transferred my PF in all these companies to the current one and there are no breaks
I want an advance for the purchase of a flat. Will I be eligibile considering the period of service? I understand five years of continous service is needed and I have more than ten year but with different companies.
Dear Anshuman,
As you have not withdrawn your EPF balance(s), I believe that you can apply for EPF partial withdrawal for the said purpose.
Read: EPF New Common claim form for all types of Withdrawals.
Thank you Srikanth.
In that case,in the new composite non-Aadhaar form, is it enough that I mention only the date of joining my current company or do I need to mention the DOJ of all previous companies?
I also do not have an Aadhaar card, can I leave the Aadhaar number (for seeding) field blank in the non-Aadhaar form?
Dear Anshuman,
Yes, you are correct and may do so. Kindly just mention the current company DoJ. Do check with your employer (HR staff) before submitting the form.
Thanks. What about my Aadhaar number question?
Can I leave the field blank because I do not have an Aadhaar card?
Dear Anshuman ..Yes, can submit Non-Aadhar form.
Sir,
I am working for more than 10 years and have UAN account. I am planning to buy a resale property and looking for withdrawing the PF amount for the own contribution. How much should i be able to withdraw. After the own contribution only, the banker will dispose the remaining payment to the seller. What proof the PF authority will ask for whether the registered agreement? or they can dispose it before that.
Dear Thiruneel,
There is no need to submit any documentary proofs for the said purpose. You have to submit new EPF composite Claim form.
You can withdraw to the extent of least of i) 36 Months of Basic + DA, ii) Total Employee share + Employer share + interest (or) iii) total purchase cost.
Hi,
I want to withdraw/loan against my PF to purchase a land from promoters. My total IT experience is 7.1 Years. How much amount i can withdraw.In the UAN Service portal, there is no option to upload the documents. Please let me know, where we need to submit the documents.
Dear Rajesh,
You can submit Composite PF withdrawal form to the EPFO directly, provided your Aadhar and kyc details have been verified by your employer.
Hi, I am a working professional currently being associated with a company from past 4 years, I want to look up for my PF Account for certain financial crisis/loan I have taken. can you please guide me the procedure further to get me PF amount. Also I need to specify that I want to continue working without any breaks as I have recently come back to work from my maternity leaves.
Thanks,Geetha , geetha.d**@gmail.com
Dear Geetha,
Kindly note that one can make Partial withdrawals for the above mentioned purposes only.
Hi, For my sister marriage i want to withdraw PF amount partially but i have only 5.5 years of experience with my organisation. Can you please advise me on this.
Thanks
Kumar
Dear Kumar ..Minimum contribution period is 7 years..
Respected Sir, How to withdrawal partial amount from pf amount.
Dear Jayakrishna,
For the options & guidelines, kindly go through above article.
Also, read: New EPF composite Claim form for all types of Withdrawals.
Hello
I have applied for PF Withdrawal through my Employer almost 3 months back
I didnt get any response from PF and My Company is saying still it is in Process
would it be possible to know where it got stuck ?
thank you
Dear santosh ..Most of the EPFO portals are down for last few weeks..some major systems upgradation happening it seems.
However, you may kindly check your claim status here…
Hi Sreekanth,
Thank you for your reply,
i have looked into the claim status and found that there are “NO RECORDS update”
does it mean, my claim is still under process?
Dear santosh,
Probably, your claim form has not yet reached them or they have not started processing your form.
You may submit your grievance at EPFO portal..
Dear sir
How many times we withdraw my PF
actually I am working in a MNC from last 15 years and I withdrawal 2 times in last five years . may I again withdrawal
Dear ruchit ..There is no limit on number of withdrawals as such. If one remains unemployed for minimum 60 days, can withdraw full EPF balance.
Hi,
I am having a house in my name constructed before 3-4 years.
My wife is also working and her PF account is active from past 6.9 years. Right now my wife is in maternity leave.
We need to utilize the amount form her PF account for our house renovation work, any interest/penalty we need to pay for the advance taken from our own EPF account ? (do I have to share any documents for renovation work ?)
Or
There are chances of her leaving her job in another 6 months, is t advisable/possible to withdraw the complete PF amount after she quits her job.
Dear Sharath,
No interest payment is required on PF advance.
You just need to submit partial withdrawal application form and Self declaration form (as provided in the above article).
I am working more than 5 year service, please guide for Construction of House.
Land/place is my father’s name not my name , i want to PF advance from PF office
am i eligible for PF advance
Dear Simanchal ..The plot should be in your name or your spouse’s name (if married) or jointly held by you/spouse. So, you may not be eligible to make partial withdrawal.
Hi, 3 months before I booked a flat and took some money from my friends and personal loan to pay my contribution to builder . Recently I got the possession of flat . Please let me know if I can withdraw some money to replay the money to my friends and personal loan . PF contribution is more than 7 years
Dear Kumar,
It is applicable to only repayment of home loan. Also, the minimum years of PF contribution for the said purpose is 10 years.
Hi,
I am planning to buy a house which is owned by someone now. I would like to go for partial withdraw for house purchase. To apply for it what is the process?
1.Can i apply before registration on my name? if not registered what document should be submitted as proof.?
2.I recently shifted to a MNC in Dec 2016 and i have completed 5.5 years of service. But my current company has not generated a PF account number but i have UAN number. with UAN can i apply?
3. My accumulated amount is nearly 1lakh but my basic is now 21000, will i get 36 months* basic salary amount in partial withdraw?
4. before registration if i can apply, can i give my bank details to credit the money.
please reply ASAP.
Dear Prasad,
1 – Yes. No document is required, but need to submit the declaration, as provided in the above article. UAN based form No. 31 can be submitted.
2 – Yes.
3 – Kindly refer Table no.1
4 – Yes.
Hi Srikanth,
Thanks for your reply. can you please tell me where do i need to submit these filled documents?
Online is possible or physically i need to go to EPFO office.?
my old mnc was in banglore and now shifted to MNC in hyderabad. So can i submit those documents in HYD office?
how many days it will take to process? and how to repay the money?
Thanks
Prasad
Hi Srikanth,
I am confused about the declaration form. can you mention here the form name or if possible attach.
Thanks
Hi Srikanth,
can you reply for my post…
can you please tell me where do i need to submit these filled documents?
Online is possible or physically i need to go to EPFO office.?
my old mnc was in banglore and now shifted to MNC in hyderabad. So can i submit those documents in HYD office?
how many days it will take to process? and how to repay the money?
also am confused about the declaration form. can you mention here the form name or if possible attach.
Thanks
Prasad
Dear Prasad,
Online facility is not yet enabled.
You can post/mail the new UAN based partial withdrawal form directly to EPFO regional office where your a/c is being maintained.
Generally, they take 30 days to process the application.
Download Declaration form.
I joined my new firm on July 1, 2016. However I have 6 years of continuous service. I already have the PF from my old account transferred to my new account. I have purchased a flat & have the builder receipt, allotment letter issued by the builder, but the agreement would happen on a later date.
1. Can the amount be withdrawn without making any agreement / registration.
2. Also Please assist to understand how much time does it usually take for withdrawal / transfer in my account.
3. KYC is not yet completed as the bank account changed lately & the EPFO website is not yet working. However I have submitted both the old Form 31 & new UAN based Form 31 to my organisation along with the cancelled cheque copy. will that be fine. How long does it take the Employer to complete my KYC.
4. Do I need to go & personally submit the documents in the PF office? I am at Mumbai & PF account is from Bangalore
Dear Vijay,
1 – Can be withdrawn (you may submit allotment letter copy).
2 – Generally within 30 days.
3 – Kindly check with your employer.
4 – Not required. You can route the forms through your employer also.
Hi,
I am planning to withdraw my PF for the purpose of house alteration. I am staying in an apartment in Bangalore. We dont have A-Katha, we have B-Katha only. Is KATHA-A is mandatory to apply for withdrawal?.
PAN, BANK Account and DL are verified as KYC. Shall I submit UAN based new Advance withdrawal form to EPFO directly?
— Srikanth
Dear Srikanth ..I believe that A or B Khata property does not matter here..
You may submit new UAN based form if your Aadhar number has also been verified by your employer.
can i withdraw epf amount for constructing house whether the land is in the name of my mother
No, dear Kishore..the property has to be in the name of either EPF member or spouse or jointly owned by both.
Respected , Sir
I am currently working since 2feb 2015 in Pvt Ltd compny, my ctc-13000/-
sir as per the new rules plz guide me
sir, i want to make home so i want to withdraw epf for construction material.
My question is is it possible? and what is the procedure because its urgent for me to withdraw i have no any other saving ..so plz sir what should I do…I am in trouble plz
Dear KISHORPATEL,
Kindly note that the minimum num of contribution years is 5 years, to make partial withdrawal for purchase/construction of house.
Hi,
I am applying for partial withdrawal, and my query is about form 31 declaration form point no. 3.
1. Survey no. / Plot no. / Khatta no. / Registration no. and year of title deed.———is it of builder area where flats are constructed or of the flat i am buying
2. Boundary (East/West/North/South).———–is it of builder area where flats are constructed or of the flat i am buying
3. Area of a site and/house————is it of builder area where flats are constructed or of the flat i am buying
Regards
Vishal
hello i want to pf withdraw in advance for purchase flat. i am working in same company from last 7 years and my current basic salary is 16194 rupees.please tell me how much( maximum) amount i will receive.
Dear anoop..Kindly refer to Table no.1.
what is the table no.1
Dear anoop ..I mean Table number 1 in the above article.
H Sreekanth, I am working with my company for 11 years and EPFO account for same duration. Also my father has given gift deed of a two floored building to my mother, my sisters and myself, and i want construct the second floor, for which i would like to avail EPFO partial withdrawal. Please could you suggest if i a eligible to apply for EPFO partial withdrawal.
Dear Rathna ..I believe that you can make partial withdrawal.
Hi Sreekanth, thank you so much for the instant reply, its indeed very helpful.
I ve applied for Partial withdrawal? How may days will it take to credit to my account?
Dear Hari..Generally its paid within 30 days.
Hi,
Thanks a lot for such detailed article. I have completed 5 years of service with my company. I have just booked an apartment and possession will be in Dec2018. We can only do registration in Nov 2018 . Can I withdraw the PF for paying down payment? and can I get the amount in my account or will it go directly to builder’s account?
Dear Vinita ,
Yes, you can apply for partial withdrawal.
Generally EPFO prefers to pay directly to your builder account.
Hello, I have worked with 3 different companies.
1. I’ve worked for 6 years with one company and already withdrawn EPF.
2. In the 2nd company I’ve worked for 3 years (June 2012-June 2015) and joined a new firm. Transfered my EPF money to new firm’s EPF account in June 2015.
Am I eligible to withdraw my EPF money to book a flat? If yes, how much? If no, when I will be eligible for the same.
Kind regards, Amit Upadhyay
Dear Amit,
As you have withdrawn PF balance from the first EPF a/c, it is not counted while calculating total contribution period.
If your contribution to EPF scheme in 2nd & current company is > 5 years then you can apply for partial withdrawal to buy a Flat.
Hi. Hello. I want to withdraw my pf for purchase of land. I have lands agreement photo copy and the agreement between me and the existing owner. Is this enough to withdraw? Which form i have to submit? To whom i should address it?
Dear Harishh,
You can submit ‘Declaration form’ (provided in the above article) to EPFO directly, in case you are submitting <a UAN based Partial Withdrawal form 31.
Hi SR,
I want to construct the house,as the property(land) is in my spouse name and completed 5.5 years in a company, can i withdraw the PF amount.
Yes dear Nithin , you can apply for partial withdrawal for the said purpose.
thanks
Hi Srikant
Iam applying for PF advance for Alteration of my house, however in the declaration form point 4 which is ” authority which approved site plan with reference no and date ‘, I dont have this since my property is only a Khatta land and not an approved site, my question is will i get my advance in such case.
Thanks in advance
Dear Ganesh,
Based on my interactions with other blog readers who had similar issue, you should get the advance amount.
Thanks u
Dear SR,
I am working in a private company and completed 3.2 years of service. Now please advice me if i can withdraw my PF advance in case of medical treatment?
I am eligible of loan or Not?
If yes than what is the procedure for withdrawal?
Thanks & Regards,
Vishal Bhardwaj
Dear Vishal,
Yes, you can make partial withdrawal for the said purpose.
A doctor [ or registered medical practitioner] of the hospital should certify that a surgical operation (or) hospitalization for 1 month or more is/was necessary.
You have to submit proof of hospitalization, leave certificate along with Form 31, in case the funds are for your own treatment.
Hello Sir,
I want to apply EPF partial withdrawal for new house purchase. but i have completed my 4 year of service. should i able to apply for withdrawal or not please suggest.
Dear Vaibhav..minimum 5 years is the criteria..
sir i want to apply for pf advance under medical reason heart ailment.i wanted to know that do i need to attached the certificate of hospitalization as i didnt go for hospitalization but treatment from specialist docter.and do i need to attach the certificate of leave and will i have to attach a separete medical certificate or medical certificate in annexure C i sufficient.
Dear RS Jha,
A doctor [ or registered medical practitioner] of the hospital should certify that a surgical operation (or) hospitalization for 1 month or more is/was necessary.
You have to submit proof of hospitalization, leave certificate along with Form 31, in case the funds are for your own treatment.
Hello Shreekanth – I had applied for PF withdrawal around 15 days back following the new UAN process. Form 10C got approved and i received the money in my account on the 11th working day, however for Form 19 got rejected since i did not fill the form 15G applicable. Details mentioned below,
STATUS for Member ID: APHYD00732310000005075
Claim ID : APHYD161100019185
Status : Claim Form 19 for PF Settlement AGAINST Member Account No (APHYD00732310000005075) has been rejected. Rejection letter is under dispatch/ dispatched to address in your claim form.
Reason of rejection: FORM 15 G / 15H
Remarks by DA/AO:SUBMIT F-15G AND COPY OF PAN CARD SINCE AMOUNT IS MORE THAN 50000/- AND LESS THAN 5YRS OF SERVICE/OK
Claim ID : APHYD161100019187
Status : Claim Form 10C for Withdrawal Benefit AGAINST Member Account No (APHYD00732310000005075) has been approved. Payment is under process.
Question:
1. Should i apply again with both the forms or just Form 19 which got rejected.
2. I have already applied again with both the forms and the requisite documents but i fail to see the update on the PF claim status as it still show me the last update mentioned above. Kindly Guide.
Regards
Rohit
Dear Rohit,
1 – Only Form 19, with Form 15G, cancelled cheque leaf & copy of pan card.
2 – Kindly wait for few more days and check the status..
Dear Sir,
I have completed 3year and 5 month EPFO account can I withdraw full amount for repayment of my Mortgauge loan account repayment. Bank is taking 11.7% interest on that loan. previously they are taking 12.25% . just now rates are down.
Can withdraw full amount?
Thanks & Regards,
Jayprakash
Dear Jayprakash ..minimum 10 years contribution period is required to make a partial withdrawal for the said purpose.
I completed 2.5yrs with a company and resigned in 2012 for personal reasons. Then i withdrew my complete PF amount after 2 months. Then after a break i rejoined the same company in 2014 and i completed 2.5yrs now. So for 5yrs service can the employment with same company earlier for 2.5yrs can be considered? If so what is the process for withdrawal and how much amount i can withdraw for a house purchase
Dear Girish,
No, reason being you have withdrawn the monies from your old EPF a/c.
Hi Sreekanth,
I have a query about PF withdrawal for repayment of housing loan.
I have completed 12 years of service as of now. Around 4.5 years back, I had withdrawn some amount from my PF Account for “Purchase of flat”. My query is – Can I withdraw for repayment of housing loan for the same flat ?
Regards,
Raghu
Dear Raghu,
I believe you can..
Hi Sreekanth
Please guide me how can I pratial withdraw my EPF. I have completed 6 1/2 yrs with my current oraganisation
Dear Pooja,
May I know the purpose?
Hello sir,
I have taken EPF loan. It will repay during 36 months period as per loan account statement. But I wish to complete one third of loan amt. earlier during 15 months. So that I can get my salary little high. Is it possible.
Dear Senthilkumar ,
I am unable to understand your query..kindly rephrase it!
Hi
I have completed 5 years of service with my current employer. Now i am planning to switch my job. Can i withdraw my pf?
Which form shud i fill when i resign? Also how long ll it take to get the funds?
Dear Pawan,
If you remain unemployed for minimum 60 days then you can else Transfer to new EPF ac.
Read:
How to transfer PF balance to new epf ac online?
New EPF Withdrawal forms.
Hello Sir,
I have 7(Seven) years continues service in PF and want to apply for PF Advance but my property documents in my self and mother name.
My query is I am eligible to take PF Advance, documents in my self and mother name.
Please reply.
Regards,
Yogish
Dear Yogish,
If the property is co-owned by you & parent, you can apply for partial withdrawal.
Sir ,I have invested some amount in share market and incurred huge losses.Can I take loan from my EPF account to repay my losses?m working in pvt company and completed 10 yrs of services.
Dear Shweta ..No such provision is available.
Kindly read :
Turn Short Term Capital Losses on Stocks into Tax Gains
10 Reasons to avoid Short Term Trading in Stock Markets
I really appreciate that you are actively answering to the queries. You are doing a Great Job Sir.
I have completed 5 years and I need funds to renovate my house. You have mentioned that there is no need of any documents along with Self declaration form but my employer is asking for documents along with Self declaration form.
Dear PawanKumar ..May I know what documents are they referring to?
They want corporation tax reciept, corporation permission, and estimation
Dear Pawan ..I am not sure about this. If your employer has certain internal policies then you may have to abide to them.
Hello,
I had applied for PF advance for construction of house.However the land is owned by me and my dad.hence the application got rejected.is there any way I can apply for pf advance?I need money urgently?
Dear Priya..I am afraid there is no other available option.
Your Dad may have to give up his share in the property to you through a Gift deed, so that you will become a single owner of the property (but kindly do not do this if it is just to get PF loan).
Hi Sreekanth,
I need to confirm something related to advance withdrawn from EPF account. I need to know withdrawn Amount against advance is Taxable ?
Dear Akash ..No, it is not taxable.
Hi Sreekanth,
Recently one of my friend applied for full withdrawal of her epf account for medical expenditure. Today she received partial amount(about one-third of the total). Also in her uanmember login it shows full amount withdrawn. What should we do?
Dear Kapil,
Kindly first inform the employer and submit the grievance to EPFO directly, click here..
Do I need to go to the EPFO office to confirm the reasons.
Dear Kapil..I have provided the link in my previous comment.
I applied for PF withdrawal for possession payment of flat. Claim got cancelled, they gave reason, that you need to provide the Builder’s cancelled cheque and account details and fund will be transferred to builder’s account and not mine.
Requesting to guide on below queries,
A) Wont PF money get transferred directly in my bank account?If yes, What is the option?
B) I have completed 7 years in company and working till date. Does withdrawing PF money will be taxable?
Thanks
Deepak
Dear Deepak,
A – One can receive to personal account.
B – No.
Hi Sreekanth,
I have 10 years of service as an IT employee and more than 7 years of PF contribution together in 2 companies.
My PF from previous company is transferred to current one and UAN is generated in current company.
I am planning for an loan advance for buying a flat .My question is
1. how will the deductions happen once i got a loan i mean montly repayment amount
2. If i am resigning from my current company and joining a new one what will happen to the loan that i ahve taken and the deductions .
Dear kamala,
1 – There is no need to repay the PF loan/advance.
2 – No impact.
Dear Srikanth,
I worked in company based out at chennai from 2012 – 2014 and post 2014 I moved to pune and here i have new PF account create and UAN number. My existing chennai PF with UAN i received recently I would like to with drwa the money its possible to do online? or I should visit chennai office ? Also what are the documents i need to submit to withdraw , I checked the UAN portal my ex-employer registered the Date or joining and relieving.
Hi Sreekanth,
I have submitted my PF claim form 10C and 19 & 15 in a old format. Is that forms are acceptable?. Date of submission to EPFO 26-8-2016
Dear Uthayavel ..If you have submitted them directly to EPFO then they may reject them.
If its through your ex-employer, they will process the withdrawal application.
Hi Sreekanth,
I have been having a PF account for 6 years, want to withdraw my PF for purchasing a land. Could you please let me know the required documents to be submitted with claim form?
Regards,
Naveen
Dear Naveen,
You are eligible to make partial PF withdrawal for the said purpose.
You have to submit the ‘self-declaration form’ (provided in the above article) along with the Form 31.
Read: New EPF withdrawal forms..
Hi Sreekanth
Am I eligible to withdraw part PF in case I intend to pay up 12% of the purchase price as down payment on delivery of my house ? I have already booked the house about 2 years back making an initial deposit of 12% of the purchase price and managed to get a home loan of 76% from bank
I will complete 9 years of working under PF policy in December 2016.
What is the percentage of PF account balance that can be withdrawn for this purpose? And what is the process of requesting for a withdrawal, the documents required and the time taken to disburse the amount
Will be glad to hear from you soon on this
Thanks!
Dev
Dear Devjeet,
Kindly refer to the Table-1 for the eligible advance amount.
You have to submit ‘self declaration form’ (provided in the article).
There is no need to enclose any other documents like copy of Sale Deed, Building Sanction plan, Encumbrance Certificate etc.,
Also, attestation by the Employer is now not required on Self Declaration Form.
“EPFO has now clarified that the above Self Declaration Form can be accepted in case of UAN based claim form without attestation of the employer. Henceforth, the attestation of employers on the Declaration Form would not be required in case of UAN based Claim Form No. 31(UAN).”
Thanks Sreekanth. Would like to know what percentage of total EPF account balance can be requested for withdrawal for the purpose of paying down payment for home purchase.
Dear Devjeet..Kindly refer to Table – 1 , Sl no – a.
Thanks Sreekanth. This is helpful
Dear Sreekanth,
Can Pf be withdrawal Full value or only employee share on case of exit.
Dear Ajay..Can be withdrawn full if the EPF member remains unemployed for minimum 60 days and do not contribute to EPF.
My Situation – I have 4 PF accounts let’s call them A, B, C & D.
PF Account A: 2008 – 2009, PF amount withdrawn. However, not sure if EPS was withdrawn.
PF Account B: 2010 – 2010, PF amount not withdrawn. However, don’t have the account number nor can be obtained as the company has been closed (Lost PF Account)
PF Account C: 2013 – 2015, Account mapped with UAN, PF amount has been transferred to PF Account D. However, no information on EPS amount transfer in PF account D nor the passbook of PF account D suggest any EPS amount transfer.
PF Account D: 2015 – 2016, Account Mapped with a new UAN by employer even when old UAN was provided to the new employer. Last PF amount from old PF account C was transferred to new PF account D. However, the transfer amount in passbook reflect only PF amount, does not show EPS details.
Questions.
How can I withdraw complete PF and EPS amount from all the accounts (A-D except Account A PF amount which was already withdrawn)?
Will I be taxed if the total PF amount is more than 50K, how will they calculate my job tenure as I started to work in 2008.
What will be my job tenure for the calculation of EPS (will it be from 2008 or 2013 as they are the only PF accounts mapped with UAN)
Can I identify PF account B as I don’t have information? Also, can I map account A and B with new UAN?
Dear Chitransh,
EPS Transfers : Kindly note that the balance (EPS) wont be reflected in Passbook when you make EPS transfer. But, the service years from your previous employment gets carry forwarded in EPFO database so that the Pension amount is calculated accordingly when it is due.
PF A/c B – You can contact EPFO directly and can make the transfer EPF B A/c to you new active EPF a.c.
An employee has to have only one UAN number. Kindly get the old UAN deactivated.
Read: Allotted two UANs? How to get one UAN deactivated?
Your PF contrinution tenure & for EPS, will be counted from EPF B onwards (2010).
Read this article for info on TDS : EPF withdrawals & new TDS rules.
Hi ! , I need to withdraw 1 lacs rupees from my pf as I need to pay against my personal loan as current earning is not sufficient enough for the loan payment . Please help and suggest . I have transferred my pf to new employer and complete 6 years job with earlier one and association with current employer is six months. Please confirm wheather this withdrawal will be taxable ?
Dear Vimal ..Partial withdrawal for the said reason is not allowed.
Hello,
I am a cancer patient and I urgently need to withdraw my pf money.
However, according to the rules, I need to be hospitalized for 1 month, but in my case I take weekly one day treatment in hospital.
How can i withdraw and what’s the max I can withdraw? please help. Much appreciated
Dear Pradeep,
As far as I am aware, minimum one month of hospitalization is a must.
Suggest you to kindly check with your employer or EPFO directly.
Wishing you a speedy and comfortable recovery.
Dear Sreekanth,
I want to withdraw PF for maintenance of our house but the property is on my father’s name. Can I withdraw PF amount for maintenance?
Dear Hazeer ..The property should be in EPF member/Spouse/jointly-held only. So, you may not be eligible to make partial withdrawal for the said purpose.
Dear Sreekanth,
Many thanks for the reply. I will complete 5 years in my organization in April 2017 and I would like to take the pf loan to buy a land in my name after that. Could you please clarify my doubt.
Can I withdraw (Employee contribution+Employer contribution+ pension contribution) or can I withdraw (Employee contribution+ Employer contribution only?) . Because in pass book Employer contribution and pension contribution has shown separately. Please clarify.
Regards,
Hazeer
Dear Hazeer,
Only EPF portion can be withdrawn and not EPS.
Hi Sreekanth,
Many thanks for the reply. Is this 90% of EPF or full amount?
Kind regards,
Hazeer
Dear Hazeer ..Kindly read : PF components..
Hi, My Employer has initiated PF Partial Withdrawal two weeks back and how long it takes for PF office to complete the process and from where I can see my PF Partial current withdrawal status? Please advise.
Dear Sarat .. Generally 30 days..I am not sure if there is any such online provision to check partial withdrawal status.
However, there is one link which is for PF withdrawal (total), you may try it out..click here..
You may also check in your UAN login account.
Dear Srikanth,
I am planning leave the current company next week and i will joining into a new job from 10 of nov.. I have been working in current company from the 4 yrs.. when can i apply for PF withdrawal.. Will i be able to get PF amount after joining the new company.. Thanks in advance
Dear Kanth..You have to transfer your pf money to new EPF a.c.
Dear Sreekanth, Thanks for the article. We have brought a plot 6 months ago under my wife’s name. So to fulfil that commitment i am plannibg to withdraw mu PF, cutrently in 11th year of service. My question is can I withdraw PF for an alreadt purchased plot. I dont have any bank loan. Thanks in advance.
Dear Sujith ..I believe that property should be in your name to make a partial withdrawal.
I have completed 57yrs and retiring in June 2019. I want to withdraw my EPF for the higher education of my son.
How much I can withdraw and time taken by EPFOSERVICES to transfer the amount in my bank.
Dear Amrit,
The retirement age is considered as 55 years in case of EPF.
You can withdraw up to 90% of your entire PF balance (employee share + employer share) on attaining 54 years of age or within one year before actual retirement, whichever is later.
Kindly check with your employer about this.
dear srikanth does partial withdrawal of EPF amount effect the total amount value if i resign later in near future
Dear raheemuddin..Kindly note that the partial withdrawal is paid out of your total accumulated PF balance only. So, you will get the remaining balance when you apply for total withdrawal in the future.
Hello Shrikant,
I am applying for EPF withdrawal to purchase a flat in Mumbai. Flat/Property is already registered in my name however I am having a tough time filling out Form 31 for withdrawal. I am not sure what should I be writing in in block # 4 (Authority which approved site plan with reference no. and date.) & 7 (Permission/license no. for construction issued by local authority with name of local body in the area of construction.). Do i really need to fill them ? I am not constructing a new house and the building in which I am purchasing the flat is 37 years old so I do not know what information should I put there. Please advise if i can leave this information blank or is it compulsory (My employer is asking me to fill this info)
Dear Arpit,
Based on my interactions with other blog readers, you may leave that section blank if you do not have the info.
But I believe you can get basic details like local body name, authority which approved site plan etc.,)
Hi Sreekanth,
I am working in Bangalore and i have completed 5 years service. I have a property in Chennai which I am planning to construct and it’s a unapproved land. To apply partial withdrawal, I don’t have the approval copy and the number.but the land is registered on my name. So still am I eligible to apply for partial withdrawal? Or what is the best option to withdraw?
Dear Sathish,
You may try submitting the partial withdrawal form and I can’t say if EPFO will approve it or not (considering it is in un-approved land).
But as Sale Deed is in your name, you may get the partial withdrawal amount.
Hi,
I have taken a SBI MaxGain home loan 8 years back. I wan to close it using some amount from PF as there is a option to withdraw PF to repay home loans. I am bit confused with few aspects for which i need some clarity. I have a OD account & saving’s account (automatically created) for my home loan.
1. If i have to withdraw my PF and repay home loan, which one of the account details i need to share with the PF department: Savings or OD account? I heard that PF dept does a NEFT transfer to my account. I am not sure which account details should i give when i fill my PF withdrawal form?
2. If i have to submit my OD account details to PF dept, can i request a cheque book for OD account from SBI? Because, it seems that i need to submit a cancelled cheque leaf of my account to which PF transfer is to be done
OR
3. If i have to submit my saving account details to PF dept, will that not be a issue? Will PF dept agree to that? Because the letter from lending bank (SBI) stating my outstanding principal amount will have the OD account number and this going to mismatch with my saving account number.
Can you please help me get out of this?
Regards
Peter N
Dear Naveen,
I believe that you can give your Savings account details. You may check with your employer too (HR).
Ok thanks… Let me try it out..
Dear Sreekanth,
I am planning to do a partial withdrawal from my PF account for repayment of my housing loan . Recently I changed my organization . I have completed 10yrs with ex-employer and 2 months with current employer. I yet to apply for transfer of PF amount from old account.
So after transferring the amount from my old PF account , will I be able to make a partial withdrawal ? Or do I need to complete 10 yrs in current PF account before applying for partial withdrawal ? Pls help.
Dear Anitha,
You can transfer old EPF a/c monies to your new EPF a/c and then can apply for Partial withdrawal.
No need to complete 10 yrs in current PF account before applying for partial withdrawal .
Sreekanth Reddy
I had taken partial loan from my PF account for home loan repayment 12 year ago. I am planning to purchase new bigger 1BKH flat, can I get the loan from my FP account to purchase the flat.
Dear Yusuf ..Yes, you can..
hi,
I’m planning to construct a House on the site which I bought (there is no concept of layout approval in my place). Im employee for 6+ years. Is it allowed to withdraw epf money for construction for above land?? Land is registered on my name
Dear Ramesh ..I believe that you are eligible. Do submit the self-declaration form along with the partial withdrawal form.
Dear Sir,
I want to partially withdraw my PF amt for my house construction.
My registered agreement is in regional language(TAMIL). My PF office is in Mumbai. Regional language document is acceptable?
Dear Raji..Tricky question. But I believe that they may accept your form. Do submit the Self declaration form along with the copy of Sale agreement.
Hi Srikanth,
I have the same problem here, I don’t have the details for point no 8 in declaration form, permission or license no. Still am I eligible to pay for house construction?
i was completed 5Yrs working at the company still iam working same company so can can i get the epf amount.without any resignation.
Dear nagaraju ..You can not withdraw full PF balance if you are employed and contributing to EPF.
Dear Sreekanth,
I have just completed my 5 years of Employment on 10th August 2016. (Tenure: 10th August 2011 – 10th August 2016)
There was no PF account of mine in my first Organization and my actual PF contribution started from January 2015 when I joined Second Organization where I worked from January 2013 – August 2015 (2.5yrs).
Now I left Second Organization as well and joined third Organization. (August 10, 2015 – till date)
I have still not transferred my second organization PF to my current organization and it has been more than a year since I left my previous organization as explained with above tenure & date details.
Now my marriage is planned and I am in need of money thats why I want to withdraw my previous organization PF amount which is more than Rs 50,000 (Employee Contribution). Will it be possible to withdraw my PF in such explained conditions, if yes then whether any TDS deductions will be applicable over this withdrwal??
If really TDS deduction is applicable then please let me know much %age deduction will be done and is there any other way (advance/ partial withdrawal) by which I can avoid the TDS deductions over PF withdrwal if it is there in my case??
Dear Anil,
If you are contributing to EPF now (in 3rd organization), you can only transfer the old EPF monies and can not withdraw.
I am afraid that you can not make partial withdrawal also.
FYI, read – EPF withdrawals & new TDS rules.
Hi, I have completed 2 years and 2 months. As there is naming ceremony of my son for this Deepavali. So can I avail my PF advance which is very helpful to arrange.
Please can you help me in this regard.
Atleast half the PF amount as I saw in the EPFO app by using UAN.
Awaiting to your immediate reply with great pleasure.
Thanks
Dear ANUSHA ..No, you can not make partial withdrawal for the said reason.
I have completed 9 years 2 months service in IT sector. I am planning to construct house and land is registered in my name.my question is
1) if i get a loan from PF, do i need to pay a interst for that amount?if yes.is this monthly interst?
2) Do need to repay the entire loan amount?
3)If i am not take a loan, can i get a pension?
which is best option : pendion or house construction
Dear Gopi,
1 – No
2 – No.
3 – Both are different. You will get your Pension amount (or EPS amount).
Hi can you please tell me the step of generating uan number without the signature of employer and after this what are the strps
Dear Rohit ..Kindly read : How to generate UAN number online?
I have already done done this step and also git the application no.how many days it takes to get uan no. And after all this employer role is there or i can withdrawal by my own
Dear Rohit ..Read : New EPF withdrawal forms UAN based.
Dear Sir
How to submit the UAN based form for partial withdraw of PF
After submission of Form how much time would take for processing the withdraw
Regards
Dear Rajesh ..You can submit to EPFO directly by post or in person. Generally, 30 days..
Hi sir … I haven employed from 2009 and in 2013i quiet the company and I withdrew my PF. Later joined another org and worked for 2 years and quiet again and joined next company transferring the PF … Now I have totally 3 + years of of accumulation …. Am I eligible
I need money for house contraction I have already taken loan for construction and the plot is in my mother’s name and currently deputed to banks name for housing loan … Can I avail PF advance
Dear Ginu,
As you have withdrawn the first EPF a/c monies, those service years will not be counted.
So, you may not be eligible for partial withdrawal. Also, the plot should be owned by you (or spouse, if married).
I have completed 5 yrs of service. Recently bought a house , its registered both my name and hubands name. Planning for PF withdrawal for home renovation. am I eligible to apply for withdrawal and also is that taxable
Dear Bhuvana ..The eligibility condition is , partial withdrawal can be made for ‘home improvement /renovation’ purposes only after 5 years from the date of completion of house construction.
Taxes are not applicable.
Greetings Sreekanth !
I had selected a flat during July 2016 and had sale agreement with builder. When I approached my finance dept to apply for partial withdrawal for purchase of flat, they said I am completing 5 years in Feb 2017. If I withdraw now that would be taxable. My builder cannot wait till next year for Registration and I got them registered in August 2016. Can i apply for partial withdrawal for Purchase of New Flat during March 2017 stating the details of the one I purchased in August 2016 as I am in need of the PF to accommodate my commitments.
Thanks & Regards,
Santosh Gorantla
Dear Santosh ..IF you are employed, you cannot withdraw full PF balance.
Also, partial withdrawal is not allowed now if you have not completed 5 years. I believe, you can. Kindly check with your employer too.
Yes Sreekanth, I got that point. During Feb/Mar 2017, I will complete 5 Years. Can I withdraw for the house I purchased now (Aug 2016).
I have completed over 20 years of EPF. My 36 months basic is more than the accumulated EPF. I want to take advance for housing loan repayment.
1. How do I calculate the money I can withdraw?
2. Does this withdrawal attract income tax? If yes, how is the tax calculated?
Dear Mr Bhat..
1 – Kindly refer to table num-1.
2 – It is tax-exempt.
Thanks for the prompt response. I understand from table 1 that the amount that can be withdrawn is accrual of employer’s as well as employee’s contribution. Is it to the last rupee or something will be kept as pension fund?
Dear Ram Bhat..The total available EPF balance is considered for the calculation purposes. EPS balance is a different one, you may check your EPF passbook.
Hello Sir,
My last day of working is 28 Sep 2016, so at what time i can apply for PF withdrawal , i want withdrawal this ASAP.
Dear Shubham ..After 60 days of being unemployed..
Dear Afrikaans,
i am planning to purchase a site using the partial withdrawal facility, i have the declaration form filled with all the required details , my question is after the approval for the same at any point can i purchase a different site from what is mentioned on the declaration form
also wanted to know should we submit sale deed and other documents after the purchase of the site to PF office
Thanks in advance
Binu
Dear Binu ..I believe that you can buy a different Plot/site and there is no need to submit any documents after the approval of claim (but if asked for, you may have to submit).
My PF account is contiuing for last 10 years but recentely i changed my organisation and i have been to 1 year now.
Am i eligible for partial claim during my new purchase of flat.
Dear Sarat..Have your transferred your old EPF a/c monies to your new EPF a/c?
Yes its been transfered from old EPF to new EPF. Am i elgible to get some partial amount(how much ?) if it is yes do i need to go through with my employer to claim the same.
Dear Sarat,
Yes, you can make partial withdrawal. Kindly refer to Table numb 1 in the above article.
If your KYC details are verified by your employer then you can submit UAN based new Advance withdrawal form to EPFO directly.
Do i need to pay tax for this PF adavance withdrawal amount? what is the percentage of tax i need to payan when.
Dear Sarat ..No taxes are applicable.
Dear Sreekant,
I have completed only 5 years in my new company. Can I apply for EPF Partial Withdrawals for Education purpose for myself.
Thanks,
Ramesh
Dear Ramesh ..The minimum number of years is 7 years for the said purpose.
Dear SreeKanth,
I am planning to withdraw my PF from my old Company where i resigned in March 2015 .
As i am not staying in INDIA from last 1.5 years and have no employment in INDIA is it possible to withdraw whole PF without any TAX.
Any guidance on this is much appreciated!
thanks
br//
Varun
Dear varun ..Yes you can withdraw full PF balance.
Read: EPF withdrawals & new TDS rules.
Hi- I have submitted form 31 for marriage purposes. I still haven’t received the money. Where can I check the status?
I bought a flat in march 2016, am i eligible to apply for loan withdrawal under purchase of flat clause. I have completed 5.9 years of service .
Dear mohit ..Do you have home loan on it?
yes i do have home loan from SBI
also i have not the possession of flat, as it is under construction
Dear mohit ..If you want to re-pay the home loan (part-pay) then minimum number of service years is 10 years.
i dnt want to pay home loan , i want my pf withdrawal under the clause construction of home\flat which requires 5 yrs of service completion. as i need to pay builder 20% amount from my pocket
to be precise under this “For Purchase of House / Flat, Construction of House and acquisition of Site”. so just want to know am i eligible as i have done y agreement with the builder
Dear mohit ..I believe you are eligible to make a partial withdrawal.
Hi,
My Dad is working in MNC company and his age is 52. while comming to point i purchased one Flot in appartment now my dad thought to withdraw his PF amount and to give me for the repayment of loan amount , here problem is he was not even a CO-Applicant for the home loan so is it possible with these reason can hw withdraw Ammount??
Please help me in this Question
Dear Satya..I believe thatit is not possible.
Dear Sreekanth,
I purchased a land last year (registered in my name) and now want to construct a house over that.
Please tell me what documents would be needed to be submitted before the pf office for PF advance withdrawal.
Thanks in advance!
Regards
Faiz
Dear Faiz ..You need to submit Form 31 and self-declaration form (template provided in the above article). Kindly note that the required documents list is also provided in the declaration form.
Hello Sreekanth,
Thank you very much for your valid information on epf. I am under suspension and going to retire next year. I applied for 90% epf advance. But the company as a coercive method not processing my application. I am a member of EPF TRUST MEMNBER of my company. In order to get 90% epf advance, what are the actions I need to take further in this connection. Please clarify
I am a member of TANCEM EPF TRUST and due for superannuation on31-05-2017. I have applied for 90%advance vide para 68NN of EPF rules1952.TANCEM is a statePSU with HQS at chennai.Ihave completed 57 years of age and due for superannuation within nine months from now.I have applied to the trust for advance thro properchannel on 01-06-2016.Even after three months and two reminders I could not get even a reply.I am under suspension for the past 18 months.ONLINE application to EPFO chennai (grievance redressal) was simply rejected stating the reason that since TANCEM is exempted and having their own trust my greivance could not be attended at EPFO Chennai.Please advise me with the steps to be taken by me to get the advance from my employer.Looking forward to your kind advice. Regards
Dear balamurali ..If they are not co-operating then you can submit your grievance to EPFO, kindly visit this link.
May I know if your KYC details (Aadhar/Bank Account /PAN) have been verified by your employer?
Hello Sreekanth,
I am buying a house and I need to pay the downpayment. Hence, I would like to withdraw my PF amount.
I have completed 5 years in my company and my Basic is 31000 and HRA is 15500 and there is no DA.
Can you please let me know how much amount I will get under this and in how many days can I get the amount.
Thanks for the detailed calculation. Await for a quick revert as its really urgent.
Thanks
Kailash
Dear Kailash,
Suggestion : EPF is for your retirement (long term savings). This should be your last resort for meeting your requirements.
Generally, the amount is credited in 30 days. For eligibility (amount) kindly refer to the table num – 1.
Hello,
I have 2 questions on partial withdrawals of PF with UAN form.
1. If I want to withdraw PF for my brother’s marriage, do we need any additional documents or just the Form 31 UAN?
2. Do we need to courier the form directly to the respective establishment? Also, if a cancelled cheque is required.
Dear Alok,
1 – Just the partial withdrawal form and Self – declaration form mentioning the purpose.
2 – You can post them directly to EPFO provided your KYC details are verified by your employer. Yes, enclose a cancelled cheque leaf.
Took PF amount for buying flat but utilized for buying a site for house construction on genuine ground. Can I avail PF withdrawal again for house construction? Wat is the procedure.
Dear SK..Only one time its allowed.
Hi Streekanth,
Thank you for the Blog . I have been working in my current organization for the past 6+ years and I need money as I have purchased a flat in Delhi NCR. UAN has been allotted to us and my Bank Account details has been approved in the PF UAN portal. Please advise on the following ->
1) I suppose I can withdraw only my share + Employer Share and NOT pension share ?
2) I do not have Aadhar Card yet ..is that necessary for the withdrawal without Employer ‘s approval ? if so then I will apply right away ?
3) How much time does it takes now for the money reimbursement into our accounts online ?
4) After downloading the mentioned Declaration Form, how to proceed further ? Do I need to contact my Employer HR or simply go to local EPF office ?
Regards,
Meet
Dear Meet,
1 – Kindly refer to Table Num. 1
2 – Yes.
3 – Mostly within 30 days.
4 – If kyc details are verified (including Aadhar) you can submit / post the documents to the EPFO directly.
Hello Sreekanth
I have applied for my EPF LOAN for purchase of FLAT,first i sent my UAN form but they said in my UAN card previous employ is mentioned and so asked to fill oldform
Also they said 5 Years mandatory in EPF service to prove thaey areasking UANPASSBOOK and needed the transferinformation
Howmany days it would reqired for the disbursement of the Loan
Dear premkumar ..Did you transfer EPF monies from your old EPF a/c to new EPF a/c?
Dear Sreekanth,
Very informative article.. 🙂 I am planning to make a partial withdrawal from my EPF account to purchase a new flat..I have two queries for you which if you could answer please:
1. Is it mandatory that the withdrawn money EPFO will only transfer to builder/owner’s account and is it not possible to get it in my account like other medical/marriage related scenarios?
2. How to track the progress of my partial EPF withdrawal request, i.e. approved/rejected/transferred etc.?Is there any online portal or helpline from where I can get this information as this entire process requires significant time I guess.
Dear Rameswar,
1 – I believe that it is not mandatory.
2 – I don’t think there is no online tracking facility, as of now.
i have withdrawn PF in jan 2014 for the marriage of my sister, now i need to withdraw PF can i withdraw it as i need it for the marriage of my youngest sister, can i again withdraw the PF
Dear Deeptiman ..Yes, you can..
Dear Sreekanth,
I want to withdraw PF for construction of house but the property is on my fathers name. Can I withdraw PF amount for construction.
Thanks
Dear Shaik ..The property has to be either owned or co-owned by the EPF member and/or spouse.
Dear Sreekanth,
If i withdraw PF money for buying a plot, then is there any other post PF amount disbursement required ? i mean, should i send any acknowledgement as proof of purchased land to PF office ?
Dear Sudheer ..I believe it is not required.
Want to know about edli amount under death condition how to calculate this.
How calculate widow pension under epf.
Dear Jitender,
As per EPFO, salary means only Basic+DA. Also, for EDLI the maximum salary for contribution or for arriving at your insurance coverage, the maximum limit is Rs.15,000.
Currently, the maximum benefit of life insurance set under EDLI is Rs.6,00,000. It is based on your last 12 months average salary. It is calculated at 30 times of your last 12 months average salary. Along with that Rs.1,50,000 is also payable as a bonus.
Hence, under this scheme the maximum salary limit set as Rs.15,000, we can assume that the maximum ceiling of benefits under this scheme will be as below.
30 times of Rs.15,000 = Rs.4,50,000+Bonus of Rs.1,50,000 =Rs.6,00,000.
If the member dies before 58 years widow / widower and children shall be entitled for pension.
Dear Vijay,
How many days it will take to get the advance. How to track the same
Dear Sreekanth,
I am planning to apply for the loan/advance on my PF for the construction of a new house. I am employed for more than 8 years now. I have understood the procedures to apply and how the payment happens to me.
But I am very much confused about how do I repay the loan. Is it the same way as we repay any bank loan with interest. Or is it through our regular PF deduction through salary.
Any guidance on this is much appreciated!
Dear Vijay,
There is no need to repay the advance amount.
Dear Sreekanth Reddy,
I have completed my 7 years of service, I am planning to get married this year what will be the best option for me to withdraw maximum amount from my PF deposit. As I don’t want to apply for a personal loan and I have around 1 Lakh deposited in my PF account towards employee’s share. Can I withdraw the full/ maximum amount out of it? Will I have to submit any documents for the same?
Dear Akash,
Kindly use EPF balance only if you do not have other resources, as this is part of your Retirement corpus. You can withdraw up to 50% of your contributions and interest there on. You have to submit self declaration and form 31.
Read : New UAN based EPF withdrawal forms..
Hi Sreekanth Reddy,
You have doing an excellent job in helping people to understand this complex topic of PF. I have quick question : I worked with an employer from 13th Sep 2010 till 3 Jan 2014 – Friday (3 years and 3 months). Here the PF was maintained with the Trust. Then I worked with my new employer from 6th Jan 2014 – Months (2 years and 8 months). Recently, I moved from previous PF transferred. In total of around 6 years of service.
I have both the PF accounts mapped under a single UAN.
I am planning to take advance for purchasing a dwelling home. Can I do that? Is there any restriction of working with the same employer for more than 5 years?
Dear Faiz ..If you have transferred the old PF a/c monies to the new one then your service/contribution years in total will be considered.
Thanks Sreekanth for the prompt reply.Really helps my cause. I have already applied for the transfer:
1) Cheque has dispatched by my previous employer on 15th Jul and was received by EPFO RO Chennai on 18th. Both the employers have approved the PF that on 9th Aug. I am yet to receive the PF amount. What should I do?
Dear Faiz ..Kindly wait for some more days, you may receive it very soon.
Hello Sreekanth,
I’ve just finalized a flat and submitted my documents to the bank for home loan. I have a strong feeling that I may fall short of a couple of lacs, hence planning to apply for a partial withdrawl from my PF account. I wanted to know when can one submit the request for the withdrawl? Should that be only after the registration of flat is done on my name, or can I submit it now while the home loan application is under process?
Please guide me.
Appreciate all your support and assistance.
Dear Noor,
Yes, you can submit your partial withdrawal application now also.
Hi Sreekanth,
Thanks for your quick reply.
Can you also please help me fill the below fields.
5. In case of Advance for purpose of Site/House/Flat or Construction through an “Agency” ‘or’ Repayment of housing loan, indicate
5a. Cheuqe to be drawn ‘in favour of’
5b. Full address of “Agency
Could you please elaborate as to what does the points 5a and 5b mean?
Thanks again for your guidance and support.
Dear Noor,
In favour of can be – builder name / company (or) Lending Institution (banker).
Hi Sreekanth,
Thank you for your super promptness and amazing support. Sorry for bothering you with more questions, but I’d like to know, since the purpose of partial withdrawl is for buying a new Residential Flat, and I am buying the property from the current owner of the flat, do I still need to furnish the point 5a? If yes, on whose favor should the cheque be drawn?
Dear NOOR ..You can get cheque issued in your name too (or) in the name of current owner.
Hi Sreekanth,
Thanks a lot for addressing my concerns patiently. I am planning to submit the application in a day or two, so would like to just take a little more guidance from you.
My employer has Listed the below documents that I need to submit. Can you please check and let me know if they all are needed, and since I have my UAN, do I really need to take the employer’s attestation
1) Agreement of Sale
2) Previous Sale deed
3) Latest Katha and tax paid receipt (by the builder/Developer/individual) or equivalent document as applicable in respective states/Cities
4) Non Encumbrance certificates for 13 years or equivalent document as applicable in respective states/Cities
5) Approved plan
6) If the land is a DC converted land, then conversion letter copy from the DC. (if applicable)
7) Blank cancelled cheque for Bank proof
8) Member should have 5 Year of PF service.
9) Form-31 along with the declaration form (Attached declaration form along with the form-31)
Please give me a check list of documents so I can arrange them all and submit the application. Also, can I directly go to PF office and submit the documents or it should go through the employer only?
I am sorry for the many questions above, but would appreciate if you could answer them and add any other important information that I may need.
Thanks again for your support.
Regards.
Dear Noor,
Employer’s attestation is no more mandatory if your KYC details have been verified on UAN portal.
Yes, you can submit to EPFO directly.
This is an exhaustive list and you may submit whatever you have with you. (I believe must have ones are Sale agreement, Approved plan, Cheque leaf, advance withdrawal form & self-declaration form).
Dear Sir,
I Purchased a flat and the Regsitration also over, i have to repay Amount to Builders and i applied to EPF Advance withdrawal twice, its got rejected twice with the reason of Agreement date missing. So i am planning to apply again for 3rd Time. Is it possible to Apply online ?
Is it Possible to get the Amount from EPF to directly to my account ? so that i can pay the Amount to the Builder.
Thanks,
Ramesh J
Dear Ramesh..Online facility is not yet been made available. I believe that it is possible.
HOW CAN TAKE EPF LOAN TWO YEAR COMPLANT EPF CUTING.I WANT LOAN HOW CAN TAKE LOAN.PLEASE DETIALS .
Hi,
i have initiated PF partial withdrawl for clearing my home loan through my current employer using form 31. it has been almost one month since i submitted form.
How could i track status of my application?
please guide me on how can i get status on my form
Dear santosh ..As of now, I dont think there is any such online tracking facility. You may kindly contact EPFO directly.
From which date online partial PF withdrawal facility available?
Dear Ashok..As of now not yet known. Will surely post an article when the news is out.
Dear SIr,
Let me know can i submit purchasing agreement along with declaration form (with down payment).. before registration of my plot
Yes, dear mahtab .
thank u sir
Dear Sreekanth,
I want to make permanent withdrawal from my EPF for flat construction.
Payment for the flat has to be made stagewise.
Can the withdrawal also be stagewise?
Dear Banerjee..Permanent withdrawal is not allowed, if you are employed and still contributing to EPF scheme.
Hi Sreekanth,
I am planning to buy a new flat. Flat is readily available to move in. To make a down payment I want to do EPF Advance withdrawal.
1. I will complete 5 years by Oct 1st 2016, in that case do I need to do registration and apply for home loan after submission of EPF Advance withdrawal or I can apply for loan now before that and raise a Advance withdrawal request?
2. If I apply for Advance Withdrawal, how much amount I will get? will I get full Employee + Employer + interest or just Employee Contributions?
3. Will there be any tax?
4. What documents do I need to attach along with Form 31 (as a proof)? Sale deed or just agreement or none required?
I will reframe my first question….
Please bare with my questions…will be helpful if you provide more info on this. Appreciate your help.
1> I will complete 5 years of service on Oct 1 st 2016,. Currently that flat ready to move in.
Do I need to wait till Oct , Apply for EPf withdrawal and then apply for loan and do Flat registration
OR
Can I apply for loan, do flat registration now and then in Oct raise Advance withdrawal req?
OR
Apply for a loan now, raise Advance withdrawal req and then do flat registration?
2. If I apply for Advance Withdrawal, how much amount I will get? will I get full Employee + Employer + interest or just Employee Contributions?
3. Will there be any tax?
4. What documents do I need to attach along with Form 31 (as a proof)? Sale deed or just agreement or none required?
Dear Rahim,
1 – You may have to wait till Oct 2016.
– If you have home loan then you make advance withdrawal to clear outstanding home loan but for that service period criteria is 10 years.
2 – Kindly refer to above tables.
3 – No taxes.
4 – Self declaration form and any other supporting documents like Sale agreement etc.,
Thank you Sreekanth. Appreciate your reply.
hello Please inform me the latest amendment in EPF withdrawl in which the maturity of PF account reduced to five (5) Year to avail education loan
Dear AJAY ..Kindly note that new rules have been scrapped.
Hi Sreekanth,
I Worked Company A from April 2008 to Dec 2013. Company A has been acquired by company B by 1st Jan 2014, I currently working at the same company. All my PF balances got transferred to Company B. Total years of experience is 8 + years, Can I partially withdraw my PF amount to pay my Housing Loan. I found some of your quotes to submit Form 31, Did I need to get any Signature / approval from my Employer. could you please help me the procedure.
Dear Rakesh,
The minimum number of years is 10 years to make partial withdrawal for the said purpose.
(UAN based Form 31 can be submitted without employer’s signature).
Dear Sir,
Hi.. I have withdraw sum amount of Rs. 2 lacs in Feb 2016 from my PF for purchase of property. Now I want to withdraw sum of Rs. 3.5 L (with in the limit as prescribed) from my PF for addition /alteration of my existing property (which is 5 years old – owned by me) . I am member of EPFO Since 9.5 years
Can I withdraw the same ?
Pls guide
Thanks,
Regards,
Gaurav Mehta
Dear Gaurav,
Tricky question and I am not sure about this.
Kindly check with your employer and do let us know the status, can be useful to others. Thank you!
Thanks for Your reply…
I will check and surely let you know.
Thanks !!!
hi gaurav,
can u help me regarding this as i have to submit pf loan for purchasing plot.. i have completed 5 years.. let me know what document required to apply for same.. is it enough if i submit purchase agreement .. or i will have to submit registration proof.. kindly suggest
Hi,
I am Kunal working in a private company since last 4 years. I need to withdraw some amount from my PF account for my wife treatment as she is pregnant. Is it possible to withdraw, If yes then please let me know the procedure.
Dear Kunal,
A doctor [ or registered medical practitioner] of the hospital should certify that a surgical operation (or) hospitalization for 1 month or more is/was necessary.
Kindly contact your employer and you may be eligible to make partial withdrawal.
Dear Sir,
I worked in Thermax Limited form 01/08/2010 to 10/10/2012 and in my epf account contribution stated from oct 2011 to sept 2012.I started an other job on 15/10/2012 I joined New Pension Scheme too in this organisation and I am still in the same Job. What is the procedure of EPF widrawal for the above mensioned case.
Dear Rakesh ..Your EPF would have become inoperative.
You can submit request through inoperative a/c helpdesk and can withdraw full PF balance.
Hi Sreekanth
I have Resigned from my current organization and last date is on 10th August 2016. I am planning to opt for settlement of my PF. Till now i have transferred my PF from all my Previous organizations for past 8 years. If i go for settlement will i get full amount or will there be any tax ?
As i heard there are some new policies from PF effective from Aug 1st. Is there any impact on settlement after August 1st?
kindly advice
regards
Dear santosh,
The proposed new rules have been cancelled.
You can withdraw full PF amount after 60 days from the date of leaving your organization (have to be unemployed).
HI Sreekanth,
I would like to take PF advance for my house repair. It was located in my home town and was built by my father 30 years back. Now, I am planning to do some alteration over there.
In PF declaration form, they ask for Approved Site plan ref # and date, what should I fill up here. There is no approval so far for that house since no approval taken by my father during the construction of house ( very old house )
is it approval site plan from corporation for doing repair of house ? Please suggest.
Dear Babu..If your father is the owner of the property then you can not make partial withdrawal.
Sorry I didn’t mention this, currently I am the owner of that house
Dear Babu,
You may submit the details which you have. The approval info is not for repair but of ‘construction approval’ (building plan approval).
thank you very much. let me follow up the same.
btw, can you share your contact if you wish?.
I will contact you if any clarification needed.
Thanks
Hello Sir,
I have worked in Company A from Nov’2008 till March’2016 and Company B from April 2016. I have not transferred my OLD PF account from Previous employer to current employer. Currently I am employed in Company B. Will I be able to withdraw my entire PF amount (Employee + Employer) from my Old PF account?
Thanks!
Rajesh M
Dear Rajesh,
Suggest you to transfer your old EPF account money to the new one.
Thank you for the quick response sir…. Once it is transferred will I be able to take the amount from my current employer?
Thanks,
Rajesh M
Dear Rajesh..You can make partial withdrawals only. Kindly read : EPF partial withdrawal rules..
Hello Sir, I am also sailing in the same boat where in I moved from company A to company B just one month back and I need to withdrawn my portion of earlier PF for purchase of new apartment.
will the form 31 and my declaration to be submitted to the PF office?
since my new firm is having his own trust and they have opened my new pf account?
pls advice.
thanks
Naveen ([email protected])
Dear naveen..Yes, you can submit the new UAN based forms, kindly go through the rules/guidelines as given in the above article.
Thanks can I get the full amount withdrawn or part of it.
Hi srikanth sir,
I have total 10 years 4 month of exp. My First 3.9 years pf is maintained by first organisations. Then I moved to next company I have transferred my pf of to new company. Here pf is maintained by epfo. second organisations comp lit 6 year 4 month .so i decide resignation .so how to possible withdrew my pf fully.
Thanks in advance
Dear sunil ,
Yes you can withdraw full PF balance, if unemployed for minimum 60 days.
Read:
New EPF withdrawal forms
sir,my pensions scheme is applicable or no.can i pf withdraw without pension scheme after ten years if unemployed 60 days
sir unemployed 6o days after fill up the pf from but owner not signed in from other than new epf withdrwal from UNA no without employer sign. .I uplod epf web side adhar pan.no.every thing document but employer side kyc not verified document so what to do?pf withdraw.
Dear sunil..If unemployed for minimum 60 days, you can withdraw both PF & EPS amount (if service period is less than 10 years, you can withdraw Pension amount also).
Hi srikanth,
I have total 7 years of exp. My First 3.5 years pf is maintained by trust. Then I moved to next company I have transferred my of to new company. Here pf is maintained by epfo. Whether am I eligible for of advance for home purchase.
Thanks in advance
Hi Sir,
1) My brother, joined Philips and PF Membership start date : 27-Jul-2009 and Date of Leaving with Philips : 25-Nov-2011. PF is maintained by Philips Trust. After leaving philips, he has not worked till 1st May, 2015.
2) He joined Mercedes on 2nd May 2015 and currently working there, since then. The PF amount from philips got transferred to Mercedes company recently. PF is maintained by Mercedes Trust.
3) We would like to avail loan for purchasing the flat from PF account,and were told that minimum 5 years of service is required. Since, there is no continuous years of service for ~3.5 years, are we eligible to avail a loan from PF balance. How the number of the service is considered?
Dear TVS,
First EPF a/c – 2 years and then 1 year on 2nd EPF account. So, the total no of contiburion years is less than 5 years.
Thank you very much for reply quickly Sreekanth.
Hi Sreekanth,
My case is also similar to this.
I worked with my first organization for 4 years and withdrawn the amount when changed company. Now i have been working in my second organization for 3 years.
I would like to avail loan for purchasing flat from PF account,How will be the service period calculated in my case? Am i eligible to take loan for purchasing the plot?
Dear NarasimhaRao ..As you have withdrawn your old EPF a/c money, your service period would not have been accumulated. So, i am afraid you may not be eligible for partial withdrawal for the said purpose.
Hi Sreekanth,
My father is working in one private organisation i.e. Rural development Trust(R.D.T). He is planning to withdraw total PF money for my sister marriage .But as per my understanding he cannot withdraw total PF money. My father is 56 years old now , there is one policy (Para 68NN: Withdrawal within one year before retirement). Is there any chances to use this 68 NN policy and Please let me know if any other policy to get total or 90% money from corpus without taking any voluntary retirement.
Regards,
Manoj
Hi Sreekanth.
In continuation above post,please let me know the required formalities and form numbers to start the process and please provide no.of days to get money.
Regards,
Manoj
Dear ManojKumar,
The retirement age is considered as 55 years. So, I believe that he can withdraw full EPF balance.
If he is active UAN number and kyc details are verified, he can submit new EPF withdrawal forms directly to EPFO.
PAN card copy, cancelled cheque leaf, form 15G (if required) along with withdrawal forms need to be submitted.
Thanks a lot Sree
Hi Sree,
Is it possible to withdraw employer contribution as well. Could you please conform,actually employer telling its not possible .
Regards,
Manoj
Dear Manoj ..Yes, it is possible.
Hi Sreekanth, I purchased the flat which is jointly owned by me & my mother in 2011. I have home loan on the flat. Now, I want to partially withdraw PF for repair/renovation. Am I eligible (as I am one of member owning flat and other member is not spouse)?
Dear PSNandanwar..I believe that you are eligible to apply for partial withdrawal.
Hi Sir,
I purchased a new flat in Bangalore. And I applied for PF Advance withdrawal, somehow it got rejected and I would like to apply again. The Flat Registration is over now, Is it Possible to apply for Advance withdrawal after the Registration.
How much % on my Contribution I will get Advance. I have been working from 8.9 Years.
Is it Possible to apply PF Advance withdrawl from online ?
Thanks,
Ramesh J
Dear Ramesh,
Online withdrawal (partial/full) facility is not yet been made available. If you have taken home loan then you can make partial withdrawal to make part-payment of outstanding home loan principal.
Dear Sir,
My company had own epf trust. In this month it joined Epfo and all the amount was transferred to Epfo with old seniority. 10 years ago,I got partial withdrawal for house construction. Can I avail partial withdrawal for land purchase in EPFO
With Thanks,
Daniel Raja
Dear Daniel..The purpose may be considered as the same one, you may not be able to make partial withdrawal. Kindly check with your employer too.
Thank for the reply.
Hi,
I am planning for partial withdrawal of my PF amount for purpose of repaying my Home loan and have submitted Form 31 to my employer
Could you please let me know how much time it will take to get my amount once forms are submitted to PF office?
thanks
santosh
Dear santosh ..As per my observations, it can be within 30 days.
Hi Sreekanth,
I have initiated through my Employer, will i get any Reference Number or Tracking number to track the process ?
hii
I am planning to purchase a flat in Delhi, i working with my employer since 12 aug 2011, i will complete 5 years of service on 12 aug 2016, so can i apply rightnow for withdraw of my epf amount, what documents need to be enclosed with form no-31, i want to withdraw before registry of flat, so kindly suggest your view
thanks
AMIT RAWAT
Dear AMIT..You can submit ‘self-declaration’ form & a copy of Agreement of Sale. But kindly note that the minimum num of service years is 5 years.
Dear Sreekanth Reddy,
Could you please answer for my following questions.
1. I have worked in my previous organization for 3 years and after that i didnot transfer that amount to newer one.(It has been 5 years now)
I want to withdraw that amount, can i withdraw now? and what are the docs required for this process?
2. I am planning to buy a flat and want to withdraw EPF amount(i have been with my current organization for the last 5 years).Can you please help me with the procedure and docs that are required.How much i can withdraw?
Regards,
Shaik
Dear Shaik,
You may transfer your old PF money to new one and then can apply for a partial withdrawal.
Read:
Inoperative EPF account helpdesk.
How to consolidate old EPF accounts?
Dear Sir,
I have worked on an organisation for 6+ year, I wasnt to withdraw PF for build a house, But the land is in my fathers name, I am the only child. What document i need to produce for this pf withdrawal purpose?
Dear Debasis..I believe that the site should be owned by either the EPF member (self) or spouse or jointly to make partial withdrawal for construction of house on the vacant plot.
Will a power of attorney from my father will suffice the purpose?
Dear Debasis..I believe that he can execute GIFT DEED in your name.
Hi Sreekanth,
I’ve 11yrs service in my current company. I’m withdrawing partial amount from my PF account for purchase of flat. Can I use the withdrawn amount for the below mentioned reasons…
1. Down payment to the builder
2. Registration fees
3. For paying interior charges
If yes, then should I mention all the above reasons in the declaration form
Thanks,
Vijay
Dear Vijay..Suggest you to just mention the purpose for advance is ‘purchase of flat’.
Hi Sreekanth,
Thanks for your reply.
That’s what I have currently mentioned, but I heard from some sources that I have to submit all the proofs within 6 months for the amount withdrawn. If this is true, then at that time will the pf office accept the bill for the interior work and registration copy.
Thanks,
Vijay
Dear Sreekanth ji,
same question as Mr vijay ask, i have to pay down payment to builders, can i withdraw amount before registry, so that i pay down payment , and what documents need to be enclosed with form no 31 to withdraw my EPF amount.
thanks
AMIT RAWAT
Dear AMIT..You can submit ‘self-declaration’ form & a copy of Agreement of Sale.
Hi Sreekanth,
I am planing to buy a flat in Bangalore & i checked my eligibility for advance PF withdrawal which is good.
I am going to use the PF advance withdrawal money for down payment; post then loan procedure starts. Only then builder will get the documents on stamp paper. So please let me know whether we can use the draft (sale & construction which was given in MS word by builder) for advance withdrawal then I can provide all the photocopies once the agreement is registered on stamp paper.
Dear RV,
I believe that self-declaration can be enough.
Hi,
Can I withdraw EPF two times in a financial year for different purposes – Marriage and Purchase of site for construction of dwelling house?
Dear Avinash..I believe that it is allowed.
Hi Sir,
I am working in a Company (Bangalore) for the Last 8.5 Years, planning to buy an apartment in Bangalore.
And I applied for a Home Loan, so Home Loan also released 2 Payments to the Builder.
Final Payment is pending from Bank, and it will released once the Registration over.
Now I would like to go for Advance withdrawal from my PPF Account.
Can I apply for Advance withdrawal of PPF before my Registration or after my Registration.
Form 31 should be applied through Employer only ?
And may I know how many days it takes to release the money from PF Department ?
Thanks & Regards,
Ramesh J
9972141592
Dear RAMESH..Both can be possible. If it is after the registration, then it can be considered as ‘repayment of outstanding home loan dues’.
You can submit the form directly provided your UAN KYC is done.
Read: New UAN based EPF withdrawal forms..
May be within 30 days if all documents are in place.
I have worked in private organization for 2years, I recently left the job on May 20th 2016, Am I eligible to apply for PF now and will I get full EPF amount..
Dear Maddy..If unemployed for 60 days or more, you can withdraw full PF balance.
Hi Sreekanth Reddy,
I have purchased a flat and need to pay more 3 lakhs in cash to builder . How can i withdraw my PF amount ? I have worked for 8.5 years .
Regards,
Manish
Dear Kumar ..Kindly go through the above article.
Hi,
What is the approximate tax that would get deducted for a EPF amount of 6 lacs, if I am closing the PF account (4 years in the company) as i had been jobless for more than 3 months? I have been in service for close to 14 years (in many companies with different PF#s).
Appreciate an early reply.
Thanks,
Divya
Dear Divya,
If you have been transferring old EPF a/cs then your service is treated as more than 5 years and there won’t be any TDS or taxes on your PF withdrawals.
Read: EPF withdrawals & new TDS rules.
Hi Sreekanth,
Is there any procedure to withdraw my PF money from the current employer? I am ready to pay the applicable tax and get the money, is it possible?
Dear Suyash..You can not withdraw full balance, for partial withdrawal rules kindly read above article.
Hi Sreekant Reddy,
I am planning to buy a flat i have some querries need your help here
a) I am selling my all two flats and buying the new flat am i eligible to withdraw PF for new purchase
b) Can i withdraw entire contribution as specified in table above or only 36 times of salary
c) How the 36 months will be counted first to last or opposite as i have completed 5 years here and there is huge difference in my salary earlier and now
d) On a safer side how much time it takes for withdrawal
Regards
Kailash Reddy
Dear Kailash,
a – Yes, but depends on the your ‘number of service years’.
b & c – based on the said ‘three conditions’ whichever is the least. I believe that 36 months is from latest and backwards, however kindly check with your employer too.
d – I believe usually within 30 days, if all documents are in-place.
Hi Sreekanth, Thanks for writing this. Useful!
I’m planning to take advance for repaying my housing loan. I have completed 11.5 years of service in a company. I have been working in the US for period of 1 year where my PF was not deducted as i was payed US salary. would this be considered as a break ? when we apply for PF withdrawal ?
Dear Sam..Though it is considered as a break you are eligible for partial withdrawal for the said purpose.
Hi, Can I withdraw PPF partially for my wife’s baby delivery? Thanks
Dear Madan,
“The advance can be taken for all major surgical operations or for treatment of critical illness. You have to submit proof of hospitalization, leave certificate along with Form 31, in case the funds are for your own treatment.”
SIR,
I AM WORKING IN A PRIVATE ORGANIZATION SINCE 15 YEARS. I HAD WITHDRAW MY PF AMOUNT 2 TIMES ONES UNDER MEDICAL GROUNDS AND ANOTHER TIME FOR PURCHASE OF SITE. NOW I WANT TO WITHDRAW AGAIN FOR PURCHASE OF ANOTHER SITE. CAN I ELIGIBLE FOR IT OR NOT? IF NOT UNDER WHICH PURPOSE TO WITHDRAW AMOUNT
Hi Prasad,
Can you please let me know how much time will it take in order to process the withdrawal. I have applied for partial withdrawal for purchasing a house on 31st May in Indore PF office.
I have 7 Lakhs in my PF account including employee and employers share. How much amount will be sanctioned to me and is there any place where we can check the status.
Can you please help me with the details as you have already experienced the same.
Thanks,
Srinivas Reddy
Dear Prasad..I think for the same purpose (site purchase) its not allowed to make partial withdrawal.
Hi Sir,
I would like to use my PF amount (continue in job) as down payment & rest as home loan. Can I do so?
Regards
Yogesh
Dear Yogesh..Yes you can make a partial withdrawal for the said purpose. For guidelines, kindly go through the article.
Does pf withdrawal for purchase of flat attract tax?
Dear Shanx..No tax liability..
Dear Sir, Point 1: I am working for 3rd party payroll for my organisation which is at Delhi, and i stay at Mumbai. I have Resigned from the organisation, hence i would like to know that after 60 days of unemployment can i submit my PF Withdrawal form at Mumbai ( Kandivali west Charkop ) office directly ? or I have to get in touch with my 3rd party HR. Point 2: After completion of 60 days when i submit my form, how long duration does it take to credit it to my bank account. I have updated my KYC details and also have created my UAN number. Thanks & Regards M. Bharat
Dear Bharat..Kindly refer to our discussion in the Forum .
Hi Sreekanth,
I bought a land recently and am planning to construct a house. I could like to apply for PF amount towards house construction. My UAN is active and other two criteria are met, like adhaar and bank account.
So apart from FORM 31 (UAN) , what else should i send across to EPF office? Will a copy of land in my name do or i need to give them any house plans or anything?
Any suggestions.
Thanks
Manoj
Dear Manoj,
Besides Form 31, you have to enclose Declaration form signed by your employer & yourself.
I have provided the ‘declaration form template’ in the article. You may download it.
Hi I have applied for pf advance widrawal on the 2nd of May 2016..till date I have received two sms saying your claim is in process. Kindly guide me how much time does it takes to get it in my account after I receive these messages.
Thanks
Dear Novina..I have observed that advance claims are generally settled within 30 days, you may have to wait for some more time.
Hello Sir,
I have resigned from the Organization from 3 months back and joined in New organisation.Till today i have completed 4 years 8 months of service. For My Brothers Marriage I am looking for withdraw the PF money. Is it Possible?If Not Possible please suggest some alternative way, since it is bit urgent.
Dear Arun..To make partial withdrawal for the said purpose, the minimum years of contribution is 7 years.
How many days will take to get Epf advance?
Dear Pahari..I have seen people receiving it within 30 days..
My son is in 11th after two years i would require money for his further education. Could you please suggest me some small term plan or some saving certificate which can help me in future to take the loan for his education.
Dear sulakshana,
Small Term plan? Are you referring to life insurance plan?
If your investment horizon is 1 to 2 years, suggest you to stick to Recurring Deposits / Fixed Deposits.
Kindly read:
List of best Investment options.
Hi Sreekanth,
My situation is similar to subbareddy.
I want to buy a flat through Home Loan with borrowed money to make down payment and withdraw money from EPF to pay back to the borrower. Is it legal ? Does the difference in date of registration and EPF withdrawal may lead to rejection of EPF withdrawal? Shall I delay the process of Home Loan sanction and Registration till I get EPF amount.?
As the EPF rules getting complicated day-by-day, I want to withdraw money from it and purchase of flat seems to be the right time. Please don’t think, I am buying flat for the sake of EPF amount, its for my family.
Dear SanjayPrasad,
For example: You enter into a Sale agreement with builder and then applies for home loan through a banker, you can they make a partial withdrawal claim from epfo by submitting your loan documents & sale agreement to EPFO. I believe that EPFO can issue cheque in the name of the financial institution too (home loan provider) directly.
Dear Sreekanth Reddy,
I purchaged a flat (Land) and then I applied for PF , but it is rejected as purchaged flat is not elizible .
But I have to repay to barrowers.
Please suggest
Hi subbareddy garu,
Any reason mentioned by EPF office for rejection.
What do you mean by “purchaged flat is not elizible”
I am planning to purchase a flat with borrowed money and repay the borrower with EPF Withdrawal money.
I need your advice. Kindly mail me your contact number to [email protected]
Dear Sreekanth,
Can an eligible (working) person still withdraw the PF money (up to 36 months of salary/etc/etc) for repaying home loans post the application of new rules from 1st may 2016?
Dear Gaurav..I believe that there are no changes to partial withdrawal rules (as of now )
Sir,
I have purchased a Flat and made full payment by borrowing loans from my BOSS as well as with my friends. I have applied Form 31 with Sale Deed copy along with declaration on 17-10.2016, but the same has been rejected by giving reason : CERTIFICATE ENCLOSED IS IMPROPER – Remarks by DA / AO : SINCE PURCHASE OF FLAT IS ALREADY REGISTERED, YOU ARE NOT ELIGIBLE FOR HOUSING LOAN / OK.
Kindly advice me how to apply 2nd time, since i have to return the loan amount of my BOSS as well as my friends. Please do the needful at the earliest. my mobile 9740160091. I have completed 28 of service without any withdrawal of PF amount as on date.
Dear VENKATARAMA Ji,
May I know what did you mention the PURPOSE as when you first applied for partial withdrawal?
Dear Sir,
Can i make advance from my PF Account. My age is 61 yrs but still working in a company they are deducting my pf but i need amount for construction of flat. what is the procedure please guide.
Dear Hemant Ji,
Since how loan have been contributing to EPF scheme? Kindly refer to the table given under the title ‘For Purchase of House / Flat, Construction of House and acquisition of Site’ for more details.
Hi Sreekanth,
I am working in current company since 10 years. Last year I purchased a plot (site) for which I had taken loan from LICHFL to the tune of 75% of the site cost. Currently I am not having any plans to construct the house on this site. I just want to withdraw the pf amount for repaying of the loan.
My question is :
1.Can I withdraw my PF amount partially and pay towards the outstanding loan?
2.If so, how much amount or what share or whose contribution can I withdraw partially?
Please help.
Further to the above question, I have 5 lakhs in my PF account.
My basic is currently around 25K. We have special allowance, but there is no mention of DA in the payslip. Are special allowance and DA the same ? Can i withdraw 4 lakhs from my pf account ? Please let me know.
Dear RamaKrishna,
Is your loan a land loan or composite home loan?
I believe that partial withdrawal to repay outstanding loan amount can be made only on home loan and not land loan.
Special Allowance can not be treated as DA.
Kindly refer to the table (Withdrawals from EPF A/c for Repayment of Home Loan) regarding ‘admissible amount’
Hi Sreekanth, I think my loan is just a land loan. But in your website, you had mentioned that “for purchase of land or site withdrawal can be 24 months basic salary”. Please let me me know if this is true in my case.
Dear Ramakrishna..I am not very sure about this scenario. As purchase of site is different from clearing of land loan. Suggest you to kindly check with your employer or EPFO.
Hi Sreekanth,
I am working in PSU since 5 yrs. I am planning to purchase a flat with Home Loan.
As the EPF rules getting complicated day-by-day, is it a better idea to withdraw money from EPF. I have around 6 lacs in EPF (3.5 employee + 2.5 employer) and my present basic is 22700 and DA is 25500. How much I can withdraw and how much time it may take.?
Dear Sanjay,
Personally I believe that PF corpus for your retirement as we do not have any kind of ‘social security system’. But one can PERSONALIZE a financial plan as per his/her requirements.
I believe that you can get the amount in 30 days or so.
Hi Sreekanth, I had applied for PF loan in Feb’2016 and also got 5 lakhs disbursement. This is towards construction of my house. I was not sure about the accumulation in my account. Now that I came to know that it’s more than double, I want to withdraw more funds as it’s better than going for bank loan.. Can I apply the get further disbursement. Also let me know whether I can apply towards any other reason (viz.. daughters education loan, etc)
Dear Vasu,
I don’t think for the same purpose you can make one more partial withdrawal.
Kindly note that details of other purposes are provided in the above article.
You can now track your EPF balance via SMS too..
I have an outstanding payment of a bank’s credit card who are not helping me totget out of this situation. i got my salary today and it was ,without informing me, deducted from my account. the only way to get fund left is through my PF account. I Need it urgently so that i can clear my outstanding and that bank can release my funds back to my account so that i can clear my other bills. Please Help Me Someone. i m working in this service from last 5 years and 8 Months. Can i make withdrawal from my PF in order to clear my outstanding bills on my credit card. ?? Please Help
Dear Tanmoy ..No, one can not make a partial withdrawal to clear Credit Card dues.
Read: The Truth about settling your credit card dues..
Hi Sir, Please let me know the Gazette Notification No.G.S.R.158 E related to restriction of withdrawing the employer share .
Please let me know the status of this Notification.
Dear Murali ..Kindly read : Latest EPF withdrawal rules 2016.
Hi Sreekanth,
I have served for 5 years in my current company and just 3 days before I purchased and registered an agricultural land in my name. Can I get partial withdrawal of my EPF. If so what is the procedure or documents to be provide and how much amount can I get
Dear chethan..I believe that partial withdrawal is not allowed in this case.
Hi,
I have served 5years in x company, i would like to withdraw my PF for repayment the Home loan.
Am i eligible and what is process and documents to submit.
Regards,
Chandra
Dear Chandrakanth..Kindly go through the above points in the article..
Hi Sreekanth,
I have already purchased an apartment, registered it and moved into it(on Jan 2016). But during the time of purchase of the apartment my PF account was not 5 years old. Only in August 2016 my account would be 5 years old. Given this situation could I apply for withdrawal for purchase of home in August submit the registration and hand over documents for my apartment(which would show that the apartment was handed over in Jan 2016).
Regards,
Amala
Dear Amala,
I doubt if EPFO will accept your partial withdrawal request.
Do you have home loan on it?
Yes Sreekanth, I do have a home loan on it..
Dear Amala..If one has 10 year service, can make a partial withdrawal to part pay outstanding home loan amount.
Hi Sreekanth,
I am planning to take loan from PF for purchase of plot. Confused with the below, please could you comment.
Some say for purchase of plot Sale agreement needs to be registered. Some say Sale agreement copy is enought that is signed mutually between Purchaser and Vendor. Which is correct?
Also, incase i go for loan and as per sale agreement it will be mentioned that within 4 months from this date of signing full amount will be paid and it will be registered (Sale deed). In case it doesn’t happen and if we cancel the agreement. What is the procedure? I need to give a check to PF stating the same that we cancelled?
Also, what is the interest they will charge? I read its 2%p.a is it right?
So if i get 10 lakhs, after 4 months i cancel. I need to pay 10,00,000 * 120 (days) * 2/100/365 = Rs 6500/- interest.
Dear Rohit,
I believe that ‘Agreement of Sale’ is enough along with self-declaration document. The amount of advance/withdrawal is not required to be refunded under normal circumstances. If the amount is not utilized, the same should be refunded with penal interest. I am not sure about the penal interest rate.
Hello,
Thanks for the details. I have a query. I worked for 3 years in India. Now i am persuing MS in US. is there any way i can withdraw my PF normally or for higher education?
And is there any way i can get PF transferred to my new account when i will get a job here in US.
Please suggest.
Dear Apoorva..The new notification does not say anything on this. One thing is sure that you can atleast withdraw your share + interest on it (subject to taxes, if any).
Hi Sreekanth,
i am purchasing the plot for rupees 10 lakhs rupees and withdrawn the 5 lakhs from pf amount. and another 5 lakhs rupees is taken home loan. vendor is saying that we need to register the property for the government value that is 4 lakhs.
will there any any income tax issues?
please suggest some options.
Dear Prasad,
The Govt value or guidance value is the minimum ceiling limit for the registration to be done.
However, if you are paying Rs 10 Lakh, you can get the registration done for Rs 10 L. You may have to bear the registration & stamp duties accordingly.
Hi Sreekanth, can you please let me know the process for partial PF withdrawl?
Hi srekanth,
I have worked in a company for 4years and planning leave the job next month. I want to dedicate my full time in prepation for govt. Job. So want to withdraw my full PF. If I can’t withdraw full is there any other way to get the full amount
Dear Jyoti..You can withdraw your share + interest only, also it is subject to TDS as you are withdrawing within 5 years.
Kindly read:
EPF withdrawals & TDS rules.
Latest EPF withdrawal rules 2016.
Sir,
We ca n withdraw own share & what about rest of amount??? When we will receive it??
Pls suggest
Dear Gaurav..Kindly go through this : Latest EPF withdrawal rules..
Dear Shrikant Ji..
I, Gaurav Mishra former employee of XYZ PVT. LTD’ from 01-jun-2013 to 20-jan-2015
Now, I have changed my employer/company since 21-Jan-2015.
My qusetion is that, I’ve resigned my previous employer.
More than 1 Year time has been passed away from my resignation date
There is showing- EE amount- Rs.15041,
ER amount- Rs.4725
EPS amount- Rs. 9,590
In my XYZ PVT. LTD account
Now, I want to withdraw my given above whole PF amount. Suggest me the procedure for the same
In above given amount, which sums I can receive??? EE OR ER OR EPS OR WHOLE AMOUNT
My previous employer XYZ PVT. LTD says that, you cannt withdraw nothing.. Is my employer XYZ PVT. LTD is right???
Pls suggest, I will be highly obliged to you…
Thanks,
Gaurav Mishra
Dear Gaurav,
As you are currently employed, you can’t withdraw your old PF a/c money. You have to transfer it to your new EPF a/c.
Dear Sir,
Thanks for information..
1 more question is that, according to New Rule : An employee can only withdraw his share on resigning from the job. You cannot withdraw full EPF amount before attaining the retirement age
Will above rule apply for me?????
IF yes, that means I can withdraw my EE amount & what will the procedure for withdrawal
Please suggest.
Regards,
Gaurav Mishra
Dear Gaurav..Read: Latest EPF withdrawal rules..
Dear Shrikant Sir,
Namakar
Now as per new rules as on dated 01-Apr-2016, Can I withdraw now full amount from my previous employer????
My earlier question was asked on dated March 16, 2016 at 1:11 pm given as below……
Dear Shrikant Ji..
I, Gaurav Mishra former employee of XYZ PVT. LTD’ from 01-jun-2013 to 20-jan-2015
Now, I have changed my employer/company since 21-Jan-2015.
My qusetion is that, I’ve resigned my previous employer.
More than 1 Year time has been passed away from my resignation date
There is showing- EE amount- Rs.15041,
ER amount- Rs.4725
EPS amount- Rs. 9,590
In my XYZ PVT. LTD account
Now, I want to withdraw my given above whole PF amount. Suggest me the procedure for the same
In above given amount, which sums I can receive??? EE OR ER OR EPS OR WHOLE AMOUNT
My previous employer XYZ PVT. LTD says that, you cannt withdraw nothing.. Is my employer XYZ PVT. LTD is right???
Pls suggest, I will be highly obliged to you…
Thanks,
Gaurav Mishra
Dear Gaurav,
As you are currently employed and contributing to EPF scheme (assuming), you can not withdraw your PF funds.
Read: EPF partial withdrawals for specific purposes..
Dear Shrikant JI
Namaskar
Now as on dated 19-04-2016 all old rules has been returned back, so as per my earlier question, Now I can withdraw my Previous employer’s whole PF amount??
Thanks & Regards,
Gaurav Mishra
Dear Gaurav..If you are employed and contributing to EPF scheme then you can not withdraw, you can only transfer the funds to the new EPF a/c.
If you are not employed then you can withdraw full PF balance.
Hi,
I want to construct house on a land owned by my father.
Can I get a PF advance in that case? What if I make myself joint owner of house?
Thanks
Dear Manoj..I believe that you have to be the co-owner of the property to get PF advance.
Hi Sreekanth,
Thanks for providing all the details regarding the PF withdrawal options and rules. I am working in a Private Organization for ~ 9 Years and the EPFO Account is also ~9 Years. I have applied for a PF Withdrawal for Purchase of Flat using the Registered Flat Sale Deed and that has been approved by EPFO and money has been disbursed to me. Of the Total Flat Value demanded by promoter, I have paid for 50% using my own reserve and Housing Loan taken from LICHFL. I plan to use the PF withdrawal for making payment for the rest of the 50% demand of the Flat promoter.
I have 2 Questions regarding the PF withdrawal amount:
1) Can I use part of the money to make a Pre-payment of Housing Loan to LICHFL or I can use it for Payment to promoter for the rest of Demands only ?
2) EPFO has mentioned that within 6/12 months, I need to submit Registered Title Deed/ Completion certificate of the Flat or else the amount disbursed will be recovered in lumpsum with penal interest. The Rate at which the Flat construction is in progress, it may not be completed in next 12 months and that is not in my control. Will the Registered Sale Deed document be sufficient or do I need to write to EPFO requesting for an extension of the timeline for providing the documents requested based upon the construction completion date.
Best Regards,
Aniruddha
Dear Aniruddha,
1 – You can use it either way. But ideally if you look at the new EPF partial withdrawal form, the EPF member has to provide the ‘loan agency’ details in the form and the EPFO would issue the cheque in their name.Since you have already received the money, I believe that you can use it as per your requirement.
2 – I guess Registered Title deed is enough.
Dear Sreekanth – Sincerely appreciate your prompt reply and guidance regarding my query
Dear
Sreekant
I have a land which i purchase recently & register with my name , Now i want to prepare house on this land
so i want to partially withdrawal my pf amount .
So please tell me which document i need to submit to pf office .
Dear Amit,
If your UAN is active & KYC verified, you can submit new EPF partial withdrawal form (Form 31 UAN).
You can enclose your ‘Self-declaration form’ giving out the details of the purpose. You may also submit a copy of your plot’s sale deed.
Hi Sreekanth,
I have completed my 10yrs in my job and would like to withdraw PF for my marriage , I have summit form 31 with the required documents . when i check the status online its shows the CLAIM FORM 31 FOR PF ADVANCE & AS BEEN RECEIVED ON 24.02.2016 IS UNDER PROCESS .
Can you please let me know how long it will take
Dear Kumar..I have seen some of my friends receiving the amount within 30 days or so.
Dear sir, 1.
Presently i am working in Pvt. Ltd Co. Ahmedabad and my PF A/c is since March 2005. My birth date is 12th Nov. 1961. Please provide information whether i can go for partial PF withdrawal in continuous service, which form is applicable to fill up. One of my friend given information that it is possible to fill Form 31 under head 68NNNN. I am not aware for details. Please share information.
Dear Bharat,
If you are currently employed, you can make partial withdrawals for the purposes given in the above article.
Suggest you to read : EPF withdrawals – Latest rules 2016.
Hi Sreekanth,
I have withdraw PF amount under purchase a new flat. Now I want to pay that amount to builder. Could you please guide me whether I need to pay that amount to builder in single transaction or can I pay that amount in multiple installments to builder as per demand.
Dear Vijay ..that depends on the terms & conditions that both the parties have agreed upon.
If I do the transaction in multiple number of times as per builder demands instead of one single transaction of the EPF amount then will the EPF office take any objection?
Dear VIjay..I dont think there will be any issues.
Thank you very much Sreekanth Sir!
Hi,
I had purchased a a One room kitchen. for this purpose i withdrew my PF. Now later on, i have purchased a 2nd one room kitchen, which is adjacent to the 1st house. For the second house i have taken a housing loan. I have completed more than 17 years. this second house is adjacent to the 1st house. and therefore it has become a bigger house where we dwell. Can i withdraw my PF to repay the loan of this second house.
Dear Marie ..I believe that it is not allowed. Do you have loan on the first one?
no loan on 1st house. What we read, loan repayment only once in life time. and this is a housing loan repayment.
Hi Sreekanth,
no update on my last comment
Dear Marie..Since you submitted the query with a different name, not able to trace previous comments.
It can be allowed, you may get inputs from your employer too.
Hi Sreekanth,
I have completed 05 years of service in organisation. I would like to have advance from my PF account to pay full and final amount of my personal loan. Could you please confirm, if there is any such provision to make PF withdrawal.
Dear Nilesh..I don’t think there is any such provision..
Hi Sir,
I have bought a flat (under construction) and I am going to register it soon. For that I am planning to withdraw partial amount from my PF. Do I need to submit any document as proof to show that the flat belongs to me ? Can I able to get the amount before registration ?
Dear Binoy,
Yes, you can get the partial PF advance before the registration.
You may submit ‘Agreement of Sale’ copy, self-declaration & PF advance withdrawal form.
Read : EPF new withdrawal forms..
Hi,
I served my last job 5 years from Jul’09 to Aug’14. Since Aug’14 I am working in another company. I haven’t transferred my previous company EPF in to New Company. Now i want to withdraw entire EPF amount of last company, since my EPF account is more than 5 year old.
Kindly guide !!
Dear Robin..As you are currently employed, you can only transfer your old PF a/c monies to your account.
Any option or anything may be using KYC to withdraw… Please suggest.
Hello Sreekanth,
I have bought a flat (under construction) for 60 lac, under a scheme 10+70+10+10. I have paid 10% and did the registration, and the bank is financing up to 70%. Around October 2016 i will have to pay my 2nd 10%. which will be around 9 lac.
As of today I have 8.89 lac in my PF account, where 4 lac is employer contribution plus interest and 4.89 is employee contribution plus interest. My basic salary X 36 times comfortably exceeds 9 lacs.
I have almost 10 years of work exp in 5 companies, and the UAN passbook shows my EPF membership since my first job.
Now with the changed set of rules, with respect to withdrawals, will i be able to withdraw the whole 9 lacs from my account to pay for my 10% of the flat.
Regards
S Banerjee
The flat is for 90 lacs not 60 .. i wish it was 🙁
Dear Banerjee..If you are currently employed, you can not withdraw full PF balance (Rs 8.89 L or 9 L). Kindly note that it is BASIC SALARY and not your entire salary.
Hi,
I have just resigned from my current organization after working 4.6 year, & I need money, I don’t want to carry forward, can I withdraw my PF amount, Please let me know.
Thanks,
Nitish
Dear Nitish,
Kindly read: Latest EPF Withdrawal rules 2016.
Hi Sreekanth,
I want to repay my home loan, and for that purpose I want to withdraw my PF amount.
I have a continuous service of more than 10 years in three different organizations. But out of the three organizations, only one organization had the PF facility where I worked for 5 years which I left 2.5 years ago.
Now considering a fact that I can withdraw the money for pre-payment of home loan in case of over 10 years of continuous service, would my services in the other two organizations will be taken into calculation?
Please solve my query as I am in need of urgent money.
Look forward to listening from you.
Regards,
Gaurav
Dear Gaurav,
Ideally, the EPFO has to accept your partial withdrawal application as you have contributed for 5 years. Are you not contributing to EPF now?
Suggest you to check with EPFO directly. Visit this link..
Also, read: Latest EPF withdrawal rules 2016.
Nice work, Sreekanth
Hi Sir,
I have given a request for advance PF withdrawl for purchase of new flat, but my request got rejected due to the reason of less than 5 years service in current organisation. I wanted to understand that since I have transferred all my PF balances from my Previous companies to my current PF account regularly whenever I have shifted the company so will they consider the service tenure of previous company’s as well or not for 5 years condition.
Please help me to clarify this.
Dear Vikas,
I believe that if one is a member of EPF and contributing for more than 5 years (can b with multiple employers), he/she can make partial withdrawal for purchase of flat. Kindly find out your employer’s view on this.
I want to withdraw PF to cover expenses incurred for my father’s treatment. Although mediclaim was also there however it is going to cover only upto Rs. 100000 as per the Policy. And as per the reimbursement policy I may get a partial amount only (May be 60% or 70%). My expenses which we made from our own were exceeding Rs. 300000. I have sufficient balance in my PF Account. I want to withdraw upto Rs. 200000 from PF account. However most of the documents from Hostpital and treatment will need to be given to Mediclaim request. Advice how to prceed.
Dear Rajesh,
A doctor [ or registered medical practitioner] of the hospital should certify that a surgical operation (or) hospitalization for 1 month or more is/was necessary.
Certificate from ESI (employee state insurance) or from Employer that the ESI facility are not available to the member.
Apply in Form-31 through your Employer.
Hi,
Could you please guide me how to withdraw my epf amount. this is the first time and no idea about this. This feb 23 2016 I completed my 6 years in the same organization and still working… There is a Pace maker cardio surgery to my mother in NIMS Punjagutta Hyderabd. Please guide me what documents need to submit for withdraw PF amount. thank you…
Dear Sunilkumar,
You can not make full balance withdrawal. Only partial withdrawal (as given in the table) is allowed.
A doctor [ or registered medical practitioner] of the hospital should certify that a surgical operation (or) hospitalization for 1 month or more is/was necessary.
Certificate from ESI (employee state insurance) or from Employer that the ESI facility are not available to the member.
Apply in Form-31 through your Employer.
Dear SIR
I WANT TO WITHDRAW THE ADVANCE PF BEHALF OF MY MARRIAGE WHICH HELD ON 28 MAY 2015. I WANT TO WITHDRAW THE PF NOW BY SUMITTING SOLEMNITY CERTIFICATE.
PLEASE CONFIRM WHETHER THE SAME IS POSSIBLE AT MAHARASTRA STATE, PUNE OFFICE
Dear Kailas..I believe that you can’t submit the partial withdrawal application now for the said purpose.
Hi Sreekanth,
I have a home loan with my dad as co-applicant and property jointly owned by me and my father. Am i still eligible to withdraw a part of my PF fund to repay a portion of my home loan, as all the guidelines mention about spouse only as joint owner? I am working in the same company for 11 years now. Please advise. Thanks in advance.
Regards,
Param
Dear parameshwar,
As you have certain ownership share in the property, I believe that you can make partial withdrawal.
Thanks for the reply Sreekanth. Where can I get confirmation so that I can start the process? Should I visit PF only?
Dear Parameshwar..You can contact EPFO or you can check with your employer too.
Dear Sreekanth,
I have a query on PF withdrawal, in Year 2014 I withdraw PF(just gave reason that, I resigned) and now I again applied from my last company (which i left 8 months before) currently i am job less.
I got to know from Employer that, PF withdrawal forms submitted to Chennai PF office on Jan 15th and the status would be updated in EPF portal after numbering is done. So far i didn’t find update in portal, so I am worrying that, is there any chances that my application gets reject because i already withdraw once? Please clarify.
Thank you,
Dear Kiran..If you are not employed now and have submitted the EPF withdrawal forms after 60 days from the date of resignation, you application can be approved.
Dear Srikanth,
Thanks a lot for your reply.
Any idea, how and where to check the status of my PF withdrawal? Its been 3 months now and 1½ month with PF office since my forms are with them, I do not hear any info or no updates in EPFO portal.
Regards,
Kiran
Dear Kiran..Are you working in any company & contributing to EPF scheme now?
You may submit your grievance @ click here..
Dear Sreekanth,
I am not working in India and hence not contributing to EPF scheme. Please update
Regards,
Kiran
Dear Kiran..As suggested you may kindly submit your grievance to EPFO.
SIR,
I have completed 08 years of service in organisation.I have withdrawn money from EPFO in march 2015 for purchase of flat.
Can I withdraw money from EPFO again this month before completion of 01(one) year from first withdrawl on ground of same flat next installment payment.
Dear Rakesh..Kindly note that EPF withdrawal for the same purpose (purchase of Flat) is allowed ONE time only.
if persons are in aboard or hospitalised can his nominees / legal heairs / spous claim for the adavance without member attested singatory..
Dear Denish..I believe that it is allowed. However minimum one month of hospitalization is a must. Kindly check with his/her employer too.
if any person died before completing his 10 years services he / she may claim for the pension??????
Dear Denish..His/her nominee can claim the EPS amount.
My subscription is Rs.141069/-
Dear Bijay..Yes, you can withdraw for this purpose, provided you have completed 5 years of service. Regarding the amount, kindly refer to the points mentioned in the article.
My Parent property at my native place at Siwan District , Bihar. i want to construct a house at my native place.I can withdraw an amount of 1.20 lacs from my epf account, not returnable.
Hi Sir,
I need to partially withdraw from my PF account since i am in short of money for my marriage expenses which is on April 25 2016, also i am leaving this job because am relocating to Bombay i am not continuing my job after marriage, I have no other source of income and my father is retired i cannot give burden to them as well. I had worked for 3.5 years other organisation prior to this and i have withdrawned PF money. In this company i have been working from 3.2years. Please suggest me with better idea. I have heard that there is new rule passed for withdrawals.. can i withdraw online from the next day of my relieve from the company?? or should i wait for 45 days after i left the job. If am not continuing my job after marriage and am flying abroad how will i withdraw my PF money before i leave india.. Please do suggest me with better idea. thank u in advance
Dear savita,
EPF online withdrawal facility is not yet made available. We can expect this option may be after 3 months from now.
If your UAN is active and seeded with KYC details which are verified by your employer, you can submit new EPF withdrawal forms directly to EPFO.
Kindly read:
New EPF withdrawal forms..
Hi Sreekanth,
I’m looking forward to withdraw EPF account, however, the only problem is that I worked for 53 months and as I understand there will be tax deduction, if the EPF account is withdraw before 5 years. Can you suggest anything which helps to avoid tax deduction?
Note- I’m unemployed from last 3 months and haven’t decided to work anywhere, considering to run a business in future.
Dear Ashwin,
EPF withdrawals before 5 years are taxable. So, there is no way you can avoid it.
However, you may submit Form 15G to avoid TDS and if your expected income in a given Financial Year is less than the Basic Exemption limit then there won’t be taxes applicable on your income.
Read:
How to fill New Form 15G.
I am leaving in home which is in the name of my father and my aunty’s husband and my father expired in the yead of 2002 and this property is still in the name of my father and my aunty’s husband but now I want to purchase or want to covert this property in my own name by registree by giving some amount to my aunty’s husband because he is 50%(the amount is huge) owner of tthis property.So please let me know that in theis senario can I get EPF loan?
Dear Amit..Yes you can make partial withdrawal to buy out the remaining 50% in the property. Note that minimum years of service is 5 years.
Sir If i need an advance for down payment to buy property and do not have the papers yet as I have not yet made the down payment, what is the proof needed by PF dept for partial withdrawal of PF in this case?
Dear Divya..You can submit self declaration form & Sale agreement copy.
Can I avail partial advance from EPF for thread ceremony of my son ?
Dear Malaya Kumar,
No it is not allowed. Kindly do not withdraw your Pf savings for meeting these kind of expenses. Consider EPF funds for your retirement corpus only.
I want loan/advance from my EPF a/c for Construction of House so what is the required document for this loan/advance ?
Dear Avijit,
You can submit;
Self declaration form.
Any document like sale agreement etc.,
EPF partial withdrawal form (New Form 31 UAN).
Hi
I have applied for a home for loan for a property worth 21L and the registration comes to 1.74L…the building is under construction and is expected to be delivered by mid 2017.
Please advise if i can take a loan for making a 20% advance for the home loan .if so how long will it take to get the amount from the PF office.
i have 12 years of service and have approx 2.56L till 2014 in my PF account (this is employee and employer contribution put together)
Dear Raghavendra..You can apply for partial withdrawl for this purpose. If everything is fine and if all the details/docs in place, I believe you will get the amount in 1 month.
sir,
Will I be eligible for a withdrawal of money from my PF or a second house. I had withdrawn 1.5 Lakhs in the year 2002 for a one BHK Flat and I have disposed this house now and have bought a 3BHK House for which I need some money.
Can I withdraw money from PF for this.
Dear krishnan..Kindly note that it is allowed only ‘one time’ (if the purpose is same).
Dear sir,
I am going to purchase a plot with EPF advance.but the plot is situated in agricultural land and owner of the plot was not converted the plot to NON agricultural land i.e residential area for construction of house . if i purchase these plot the owner and me can executes only purchase agreement in stamp paper with NOTARY counter signed. some body is telling that there is NO registration of the plot in registers office.
can u please tell me whether the Purchase agreement is sufficient to purchase a plot from PF amount or registration of Plot is compulsory ?
Dear RAVI..If the plot is being sold as ‘residential plot’ without a proper’conversion’ being done, suggest you to not to buy such property at the first place.
Hi,
Could you please confirm if it’s feasible that first I take complete loan from the Bank and then apply for advance PF. And, use that amount to make prepayment of some portion of loan to bank. Also, I have completed more than 7 years in the same organization and using same PAN number, do I need to pay any taxes on this advance amount.
regards,
Jaspreet Singh
Dear Jaspreet..Yes you can apply for repayment of home loan.
Read : New EPF withdrawal forms.
Taxes are not applicable.
Hi Sreekanth,
Thank you for the information. However now situation has been changed a bit. The property I’m getting in my budget is situated in the colony which is yet to be authorized by the municipal authorities and Form 31 asks about the authority which approved that property. As it is not the authorized one, Home loan option is not available and want to reduce my exposure toward personal loan by withdrawing money from my PF account. Could you please confirm, if there is any such provision to make PF withdrawal to buy home in such situation. I have the token money agreement as a proof (Notary agreement).
Dear Jaspreet..I am not very sure on this..But ‘Agreement of Sale’ can be accepted as the proof
Hi Sreekanth,
Thank you so much for answering my queries, this forum is really helpful.
I have one more query : recently saw an article on google while searching out early withdrawal of PF, which states that now there is cap on the maximum withdrawal. Is that true? because as per the eligibility available under my conditions, epfo website says that 36 times of basic wages can be withdrawn which is less than my total corpus. Could you please confirm if there is any limit on withdrawal introduced by the government and whether that is applicable on my case.
Thanks in advance.
Dear Jaspreet,
Probably it’s about the withdrawal at the time of retirement. Kindly read: EPF new rules 2016.
If it is about partial withdrawals, could you please share that link here???
If a Pf withdrawal for Purchase of home, can another withdrawal be done for home loan repayment?
Dear Deepak..I believe that one can apply as the fresh partial withdrawal can be considered as it is for a different purpose..
Hi Sreekanth,
Your article about PF is very helpful. I have few questions though.
1. If my current basic salary is 35K, then can I take 12L as PF advance for purchase of house?
2. And how would they deduce the PF advance amount afterwards?
3. Do I need to pay any interest after taking up PF advance?
Dear Raja,
1 – Suggest you to kindly check your EPF balance & calculate the eligible amount as per the rule mentioned in the article.
2 – It is paid to you from the total available balance.
3 – No. The amount of advance/withdrawal is not required to be refunded under normal circumstances.
Hi, I have to pay to my wife as alimony for divorce and amount is huge. Will it come under category of marriage?
Can I
a) withdraw PF partially for this purpose.
b) withdraw PF partially and return after period of 1-2 years
c) what is my take liabilities for PF withdrawl
d) I had changed companies but had not transferred for some, it is advisable to transfer in one fund and then withdraw or withdraw seperately?
regds, Raghav
Dear Raghvendra..What do you mean by ‘will it come under category of marriage’?
a)/b – No.
d) suggest you to transfer your old EPF ac monies to your new one.
Hi Sreekanth,
My husband has completed 5 yrs of service so I know he won’t be taxed on EPF withdrawal. But a friend said only one withdrawal of your EPF will be tax exempted which means the withdrawal at the time of retirement will be taxed if we do a partial withdrawal now. Is this true?
Thanks and regards
Anita
Dear Anita..Your friend’s point is incorrect.
Hi Srikanth,
I have completed 5 years of service in an Organization which has its won PF trust. After 5 yrs of service, I moved to another company. Now, how can I withdraw my PF amount from old organization? I have enquired them couple of times, but heard ‘No’. They clearly mentioned that I have no other option than to transfer my PF.
Can you suggest if there is any way to withdraw my PF from old organization?
Dear Rads..If you are currently employed, you have to transfer your old EPF ac monies to your new one.
Read: EPF A/c online transfer procedure.
Hi,
I am having 7+ years of experience & EPF is there from 7 years plus, although i changed the company but i transfer my EPF always. Now i want to buy flat. I want to use EPF amount for initial 20% payment. As we know that we need to pay 20% of total flat cost & we can go for 80% home loan. My question is what document EPF needs when i want to buy flat & want to pay 20% of total cost ? This is under construction property so definitely i won’t have registration document. In that case what document i can submit to EPF from the construction company ? How they give the amount ? will it come to my account or they will give draft/cheque to construction/builder ?
Thanks in advance !!!
Dear sameer,
You may submit ‘sale agreement’ copy and a self-declaration mentioning the quantum of money (refer to the article for eligibility rules).
Hi Sreekanth,
Sameer’s point is valid. I also have the same question. In fact I have raised the following question in one of you other thread. But i see that question is more valid in this thread. The question was like this:
——————————
The Form 31 Declaration asks for Flat’s Registration Number and other details. I want to withdraw the Advance from my PF account of 10+ years so that I can avail some fund for the payment of the 20% margin amount or what is called down payment. But since till I make some of the down payment, I cannot have the Registration. And without Registration details Form 31 Declaration can’t be submitted or EPFO will not pass your withdrawal request. So how can I or any customer like me complete the Form 31 Declaration to withdraw the Advance from PF in this situation. Please clarify this.
——————————
Hope you understand the situation. Rules are there no doubt. But please clarify this specific situation.
Thanks,
Vinod
Dear Vinod,
Probably that is the reason why EPFO has now simplified the withdrawal/partial withdrawal forms.
If you see the new partial withdrawal form (Form 31-UAN), you only have to provide information ‘about the purpose for which advance is required’. Kindly refer to my other article: New EPF withdrawal Forms.
Hi..Can advance PF be withdrawn on the same property twice by husband and wife if the house is under joint name?
Dear Anubhooti..Let me know the purposes? (reasons for previous & proposed withdrawals??)
Dear Sreekanth,
I want to withdraw my EPF as I have quit my job in May 2015 (after 4.10 years) and currently studying outside.
Since I have no income right now, I wanted to withdraw the EPF to have lesser tax.
My query is that the amount is 5 lakh, can I withdraw it in two equal parts in 2016 and 2017 to claim the TDS 10% back ?
Thanks a lot in advance.
Dear Sana..You may not be eligible to make partial withdrawals.
Dear, I want partial withdrawal for purchasing of house… i have completed 5 yrs of service in the present organization. could you pls share the complete procedure… is there any involvement of my organization ? how much amount i can get, if suppose currently total PF amount is 6 Lakh…
kindly guide.
Dear surender,
You need to submit EPF Partial Withdrawal form i.e., Form no 31 along with the required documents / proofs to your Employer. In EPF’s Advance form no 31, you need to provide your personal, PF account, salary and bank account details. Once the claim is processed, you will receive direct credit to your bank account.Do note that only after your Employer verifies your partial withdrawal application will the EPF office processes it.
How long will it take? Is there any process to expedite for home advance?
Dear sir,
thanks for valuable information,
i have my query that my PF BALANCE is updated upto march 2015 and i applied withdrawl on jan 16, Will I get the total amount which is availble in PF ACCOUNT upto JAN 16. i have completed 8 years of working .
Dear YASH..Yes you will get total amount (including interest amount).
Hello sir,
I had taken a plot on my wife’s name in January 2015 registery already done for which I took a loan from my credit card in UAE,now I want to borrow a loan from my PF .can I get a loan on that registery?
Dear Ankur..Kindly check the eligibility details as provided in the article.
You may not be able to withdraw EPF monies to repay credit card loan.
Hello Sir,
I’m a software professional having 6 years experience. I want PF Advance for the purchase of site. In my first company I was there for 3 years & in my present company I’m there for 3 years. But, I withdrew my PF from my first company. My question is whether I’m eligible for taking advance. I suppose since, I’m associated with EPF since 6 years I should be eligible. I got to know that if I had transfered my PF account to the present employer, I would have been eligible. But, Since, I’ve withdrawn the pf money, am I not eligible for the PF advance. Minimum no. of years for taking advance on PF is 5 years for the purchase of site. Should I wait for another 2 years in the presnt company to take the advance or how is it. Please advise
If I’m uneligible for the above mentioned reason, is it easy to get advance for parents illness. I don’t understand why they have to be so strict when we are just taking our savings.
Dear Charlie,
I do not think you can withdraw your EPF monies. Legally, if one is employed then the EPF member should not withdraw EPF monies, he/she can only transfer the monies to the new EPF account.
Dear Sir,
First of all thank you for such an excellent article. I have completed 12 years of service and have withdrawn PF amount 2 years back for construction of house. I have another house that is 10 years old and I want to withdraw amount under repair/alternation of house. Can you please advice if this is feasible since I have already withdrawn under construction of the house? If yes what is the documentation required? Thanks again and wish you a happy new year in advance,
Another clarification – If I cannot withdraw under repair/alteration of the house, could it be done under repayment of housing loan?
Dear Sunil,
As the property is > 5 year old, I believe that you can partially withdraw your EPF monies. You may have to submit declaration form and the required amount (advance) details.
Thank you Sreekanth. Appreciate proactively responding to the queries.
Hi Sreekanth ,
I started working from 2006 , worked for four years in an IT firm in Karnataka . Then i Joined a different firm and transferred my PF from old company to new , worked there for 2 years . After that I joined a new company in Pune and transferred the PF to new company . I have never closed my pf but transferred everytime
Now I want to apply for PF loan to buy flat , will I be able to get the loan from PF
Will it consider 5 years of continuous service , as my earlier pf account was with different states
Dear Suno..You are eligible to make partial withdrawal. Suggest you to treat your PF money as the last resort, as this is your retirement savings.
Hello Sir,
My claim for loan for repayment for housing loan was rejected since I had not mentioned the amount required. I went through the instructions at http://www.epfochennai.tn.nic.in/pdf/Instructions%20for%20Form%2031.pdf and they say that you can specify “Maximum Eligible Amount” if you don’t know your exact eligibility.
But my claim has been rejected basis I haven’t specified the exact amount. My fear is that if I specify some amount and that amount is more than the eligibility, do I stand a chance of another claim rejection? Or shall I canculate 36 times of Basic + DA and reapply? Or shall I mention the amount required and they can calculate?
Thanks in anticipation.
Dear AARORA,
Suggest you to calculate based on your salary and quote that amount. You also take your empolyer’s help (HR) in this regard.
Hi Sreekanth,
My current PF account shows years as 4yrs 8months.
Current year, my new Employer is yet to deposit any amount to PF account. Although deductions been regular.
Once they update, will my years of service will be > 5years. Thus, can i be eligible to take a PF loan to buy a plot.
If so, what are the supporting documents to be submitted proving, i’m taking loan for plot purchase itself. And how long does the whole process take. As i need to make a partial payment for the land.
Dear Biju..Why are they not depositing in this FY?
Hi I need to to know how to withdraw partial amount from my EPF Account. I have 10 years experience. I have completed 5years in my current organization. I need it personal expense. I need Rs 40,000 to pay to the Owner where I am going for rent. Please advice if i can withdraw and also the procedure of it.
Dear Krishna..I believe that one cannot withdrawal (take advance) from PF to meet personal expenses. I have clearly mentioned the various purposes for which one can take a loan.
Hi, I wish to build a house in plot which is on my name. I have 12 years of service and i am contributing to PF since 10 years. According to the rules i can partial withdraw up 36 times (Basic+ DA). Suppose in case the present Basic + DA per month goes to 20,000/-. Am i eligible for 36 *20000=7,20,000/-. One more query i have is, suppose in case my PF balance is only 6 lakhs (employer + employee)… then for what amount i am eligible. Please help
Dear Ganesh..Based on your service period, you are eligible for partial withdrawal. Kindly contact your employer about the amount & guidelines.
dear sir ,
Ian working 18years one office after that i transfuse my p.f amount at new office receiver also completed 4 years right now aim eligible for p.f lone his consider old experience or not pales inform
Dear ANANTHA..Yes, your entire service period will be considered.
ok sir thank you. no it doesn’t complete 5 yrs. only for this reason i can able to withdraw?
otherwise without specific reason , shall i withdraw the partial pf for close my other debts is possible?
Dear sumathy..No, he can not make partial withdrawal then.
Dear Sir,
It is one very good news that without employer we can withdraw our PF Money.
Please note that I was working in Batra Brothers Pvt Ltd. from 1988 to 1994 March. I left the company due to problem in my house.
As I need money at this my critical time, may I request you to guide me hot to withdraw the money from PF which I will be very grateful to you. I am from Orissa. I was working in Delhi from 1988 to 1994.
Please advise me.
Thanking you for your co-operation.
With best regards
Kishore Sahu
Dear Kishore,
Your EPF a/c would be considered as ‘in-operative account’. Suggest you to go through my article – ‘How to trace old EPF A/c details‘ to submit your request to EPFO helpdesk.
Hi Sreekanth,
I am having 10 years of service in 5 companies. This is my 5th company where I need to withdraw PF. I worked for 7 years in 3 companies and later got all the PF numbers transferred to my 4th Company, which was having a PF trust. When I left my 4th Company, there was option to withdraw PF amount, so I withdrew. Now in my present company which is 5th company, I have been working for last 1.5 years. But now I need to withdraw money for a flat purchase.
Please let me know, can I apply for PF loan and eligible for that, as ll the money in the PF account as of now is just been deposited in alst 1.5 years only.
Also please guide, can anybody withdraw PF for registration amount for flat purchase, after sale deed agreement?
Please guide.
Dear Avinash,
As you have been contributing to EPf scheme for more than 10 years, I believe that you can make a partial withdrawal for ‘registration amount’.
Sir i want withdraw pf but i leave the job only 15 days money problem urgent any solution
Dear Kiran..I did not understand your query..kindly rephrase it .
sir,
My hub working in more of 5 years in one service , i want to know only for the above reasons the pf amount can be withdraw, or there is if doesnt have specific reason i can go for partial withdraw?if i can means what is the procedure for that to whom i want to contact, i want to get the clear details , kindly give the details to proceed.
Dear sumathy thiruppathi,
Kindly read my article on ‘EPF partial withdrawals – rules & guidelines‘ for more info.
Sir,
I red the above terms and conditions, before i raised the query, in that i need clarification, other than the above reason, i can go for partial withdraw or not,
The definition of SALARY for EPF calculation is : Salary = Basic + Dearness Allowance. So, salary here does not mean your Take Home salary. Also, the ‘number of years of service’ is the total number of years you have worked / contributed to EPF. {It can be with multiple employers}. {The amount of advance/withdrawal is not required to be refunded under normal circumstances. If the amount is not utilized, the same should be refunded with penal interest)}
kindly explain me the above paragraph bracket part, one more thing in the above guidelines ,36 times of salary is mentioned that means basic salary or pf amount or which employer contributed amt multiple of 36 times.
Dear Sumathy,
An EPF member can make partial withdrawals only for the above reasons.
Yes, it is not take home salary. Only Basic + DA (if any) is considered for the calculation. Yes, the contributions can be through multiple employers.
If you take loan or advance, there is no need to repay it. Unless otherwise you do not utilize the amount.
36 times of salary, here salary means again it is just basic sal + DA (if any).
sir,
Thankyou . I have completed 2 years of services , i can able to take advance or loan or partial withdraw? in my pf amt unless i want to wait till 5 yrs complete.
one more thing, for previous query for the above reasons which is the less documentation and which is no documents, then what way i want to proceed to get the advances.
Dear sumathy,
Kindly note that you are not eligible to make partial withdrawals.
Dear sumathy,
Kindly note that you are not eligible to make partial withdrawals.
sir,
Noted . I am not eligible for partial withdrawals, my hub has completion of 5 yrs, he will come under eligible category, for him for the above reasons which is the less documentation and which is no documents, then what way i want to proceed to get the advances.
Dear sumathy thiruppathi ..I did not understand your query “less documentation”??
May I know the exact purpose for which you would like to make partial withdrawal?
sir i want to do some alteration or repair work in my house and i need money to settle by debt for that reason,i am asking which is less documentation and no need to submit documents because for house repair works is not possible to submit the documents for that seek i asked? please help for this.
Dear sumathy,
If the purpose is for ‘alteration/home improvement’, the condition is to have ‘no of service years’ as 5 years from completion of house.
So, say if your house is completed in 2010, your husband should have been contributing to EPF scheme from 2010 to 2015.
If so, you can take advance up to;
12 months basic salary
or
employee share with interest
or
actual cost for repairs ..whichever is least.
Hi Sir,
Once we apply for PF advance and submitted by the employer after verification to the PF department how many days it would take to get the advance in our account.
Thanks
Muzammil
Dear Muzammil,
As far as I know that the credit can happen in 3 to 4 weeks. Kindly check with your employer too.
Halo Sreekanth Garu,
I am purchasing a villa in HYD. I want to make use of EPF to pay the advance. I am employed with same org for 9 years now. Form 31 says that the Chq will be paid to the builder directly. Some agents say that money will be paid to my account.
SO can you please advise when I fill the form, should I mention the Builder name & Address for the CHq to be sent in Row 7 for form 31. Can you please advise since I am very confused.
Dear Ajay,
I am not very sure about this. Kindly check with your employer too. Request you to share the info here.
Thank you for writing such a knowledgeable article.
Please help me with answer to below questions.
I have completed 5.5 years of service with 3 different employers. However, I had no PF with first employer. Therefore, total pf contribution period is 3.5 years.
Can I withdraw my EPF to purchase a flat as I have completed more than 5 years of service?
Thank you
Dear Sanjeev,
I believe that you can withdraw but do check this with your employer.
Suggest you to re-think about your decision to withdraw your PF. It is your retirement savings, keep it invested as long as possible.
Hi,
I would be completing 5 yeaars next year in 3 JAN 20116 , Is it possible for me to withdraw my pf money for marriage. if possible what is procedure and document I need to submit for claim. kindly give yours suggestion.
Dear Babu,
Minimum 7 years of service is needed..kindly go through above article..
Hi
Thank you for such a nice article. I regularly follow your articles they are treasure of knowledge.
In regards with above article I have got a query
My query is pertaining to previous-previous employer, if PF not transferred for more than 5 yrs is amount tax free ??
1. I am working with new employer for the past 1 yr(I haven’t transferred my previous-previous employer’s pf amount where I have worked for 3 years and previous emp for 1.5yrs). So in this case if I withdraw my pf amount from previous-previous employer do I have to pay TDS on PF amount redeemed or will I get benefit of holding this PF account for more than 5 years so whole amount is Tax free?
I understand from previous employer PF amount will be taxable since I haven’t completed 5 years of continuous service.
Thank you.. you are doing a great service by educating others… knowledge shared is knowledge gained.
Dear Geetu,
As you are employed now, legally you may have to transfer your old PF monies to your existing pf account.
Kindly read : EPF a/c online transfer process.
Hi. I would want to know what are the documents required to be submitted in case if you purchasing a Flat or Apartment?
Dear Pavan..What is your total no years of service / EPF contribution years??
I would be completing 5 yeaars next year in august , i have purchased an construction linked property whose next instalment is due in nov 2016 , so can i withdraw money from my epf account for paying the underconstructiom property instalment , please note that there is no loan involved , and is there any tds deducted on amount which i would withdraw ?
Dear Himanshu,
You are eligible for partial withdrawal during next year.But it is advisable not to use your EPF monies for goals like these. Consider it for your retirement goal.
I want to buy plot( land ) in dtcp layout venture. I want to know weather I am eligible to claim pf. I have 7 years experience in our company. If I am eligible what are all the documents required for it.
Dear Uday,
You may have to submit Form 31 (partial withdrawal form), Declaration form and a copy of Sale Agreement. Do check with your employer about this, they may request you to submit some more docs as per their requirements. You are eligible for partial withdrawal.
Hello Sir,
I have completed 5.4 yrs of service and i want to withdraw PF partially in order to construct house, however the plot is in my husband name. Do i need to attach the plot registration details while applying along with Form 31? Am i applicable for 36 months basic wages? How many days it usually takes to get the amount credited in the account?
Waiting for your response. Thanks in advance.
Dear sarmistha,
Though the property is owned by your spouse, I believe that you are eligible for PF partial withdrawal. You may have to submit the Withdrawal form, self-declaration, sale deed copy etc to your employer. Kindly check with your employer about the partial withdrawal formalities.
Hi, I want to take a loan on Pf to purchase a house. How much can i withdraw? can i ask for 36 times of my basic salary?
I have completed 7 years in my organization and still working there
Dear Anitha,
Yes, you are eligible for partial withdrawal of up to 36 times of your basci salary + DA (if any). Kindly check this with your employer.
Hi Sreekanth,
I’m having total 6.5 years of experience. I have applied for pf withdrawal from my last company. They are asking me to submit form 15g. As per the articles here I understood we need to submit form 15g only if my experience is less than 5years and pf amount is more than 30,000. If experience is more than 5years then TDS is not applicable. Do I need to still submit Form 15G??
Regards,
Suman
Hi Sreekanth
I withdrew from PF last year for constructing house with appropriate documentation. Is there any provision to repay that money back to PF so that I can increase my retirement corpus.
Thx
Ravi
as I have withdras 5.5 lkhs in year 2014 jan. for purchase house. can I withdraw 1.5 lakhs for my sister’s marriage.
I have completed 8 years in my org. if I have sufficient amount in my pf , can I apply for fund for my sister’s marriage.
pls guide me.
Dear Praveen..you are eligible to withdraw, regarding amount you may have to check with your Employer.
Hi,
I am planning to withdraw my PF for purchase of a flat. I am having pf account for more than 9 yrs (no break). Just wanted to know if PF amount can be withdraw for giving the initial amount before registration? Only flat allotment letter can be attached along with Form 31 and declaration form.
Dear Tushar..Yes, you can submit the said docs and apply for partial withdrawal. Kindly check with your employer too.
I want to withdraw my p.f .I have completed my 5 years of service in august.but I have no land on my name.but I m going to be married in November.for that I want to withdraw money .any amount.tell me provisions
Dear Rahul,
Kindly do not withdraw your EPF money, accumulate and use it for your Retirement corpus. Try out other possible options.
Dear sree.I m not withdrawing it fully only little bit.but I m not able to find any option.please reply.
Dear Rahul…If you want to withdraw partial amount for marriage, the minimum years of service should be 7 years.
Hi Sreekanth Sir,
I have withdraw my PF , I was having 3.9 years of experience.
The amount available at UAN is not the amount which I have received.
I don’t know how the amount is calculated and credited?
Dear Banu..They would have deducted TDS as per new rules.
Thanks Sreekanth….
TDS will be deducted on whole component?
As there are two components PF and Pension(EPS).
Additional to PF , I had VPF as well.
So 10% TDS will be deducted on all this components +interest ?
or on which components TDS will be deducted?
Dear Banu,
I believe TDS is applicable on the entire balance (but not 100% sure on this).
Dear Sreekanth
I am eligible for taking loan form PF.But i don’t know what are the documents submitted for taking loan from PF for purchase of plot. Please could you let me know the information about document submission.
Thanking you
Dear Jolly,
You need to submit form no31 & declartion form. Contact your employer and they will provide you more details.
Hi,
I had applied for an advance PF withdrawal for my sister’s wedding. I have worked for more than 7 years with the company. Please could you let me know the percentage of the Employee’s share that is allowed to withdraw based on the latest EPF rule or based on the revised rule (August 2015). Is there any tax applicable?
kindly help me with this queries cos I got to hear from someone that the 50% PF withdrawal rule for maariage purpose has changed and now tax is applicable.
Dear Deepak,
The new rule has not yet been notified.
As of now, I believe that you can withdraw 50% of employee’s share.
PF rules clarifications are quite informative.But I have one question.I am a private firm’s employee and a PF member also. Can I get a repayable loan from my contribution to the PF account? For such loan what is the format?
Dear Balasubramanian..Kindly go through the points given in the article.
Dear Sreekanth,
I am working in an organisation in the education field. here we are suddenly told about the PF policy made mandatory by the GOI and thus whether we sign the PF forms or not the salary has come after deduction. It is a 15 year old organisation and which makes me wonder how come they did not follow the policy for so long. I have certain questions which i would like you to address:
1) Is PF privilege is given to only permanent employees or even temporaries are also counted?
2) If the profession tax of Rs. 200 is deducted is it mandatory to provide with a salary slips? (we are not given).
3) Is providing employee with salary structure mentioning the basic+ DA+others+PF mandatory? (we r being denied)
4) If they are following CTC the employee is expected to pay 12% of his share+12% of employer’s share+1.36% of admin charges if the Basic Salary is below 15,000?
Thank you so much!
Dear Surabhi,
1 – Your organization might not have been registered with EPFO till now. If your organization has more than 20 employees, it is mandatory for them to provide EPF.
As per the provisions of the Provident Fund Act, the Act is applicable to all workers. The Provident Fund Act does not make any distinction between casual, temporary or permanent workers. If the Casual workers are employed in or in connection with the work of the establishment, the said workers are also eligible for coverage under the Provident Fund Act from their date of joining.
2 – I believe it should be reflected in payslip.
3 – I sense something fishy..
Kindly read my articles;
EPF components & interest calculation
Thank you Shreekanth. I read all your articles related to PF and got enlightened. It was very helpful indeed.
Keep visiting dear Surabhi..
DEAR SIR MY EMPLOYER UPLOAD MY BANK ACCOUNT NUMBER WRONG SO I UPLOAD MY KYC THROUGH MEMBER PORTAL NOW WHAT I HAVE TO DO FOR APPROVAL OF THAT KYC
Thanks for an informative article. I have 2 questions.
1. I have completed only 4 years of service and still continuing with the same company. Now if I want to withdraw my entire EPF for the purpose of home loan repayment, Can I withdraw my EPF?
2. If I can withdraw, I understand it is subjected to TDS as I haven’t completed 5 years of service. Is it flat 10% tds or will it based on my salary tax slap.
I was having 2.9 yrs total exp…wen i left my previous company in Mar 2015…..In d same month I have joined other company where the pf deduction is there…..I have nt transferred my pf till nw as i want to withdraw the total amount bt I fear that it will be taxable…..so can i withdraw the entire amount without tax….I have a loan ….so can i show my loan nd get d entire pf amount ????
Dear Gopinath,
Since you are employed now, you have to transfer your old EPF monies to your existing account.
Read my article : EPF A/c online transfer process..
Read my article on EPF partial withdrawals options..
Dear Mr Reddy
Need you opinion on the following situation related to EPF withdrawal :
I am 57 years old and intend to resign from my job for good ( though retirement age is 60 years in my company ) . I intend to leave by Feb 16 and would be completing 4 years and 10 months. My question is
– In case I dont intend to work further after resignation can I withdraw the PF on Feb 16 with out TDS ?If there is TDS what would be the percentage applicable
– If I resign on Feb 16 and submit application for withdrawal in Apr 16 ( EPF account will complete 5 years ) will there be TDS .
Dear Rohit,
Did you transfer your old PF Account(s) money to the existing one?
Dear Mr Reddy
No this is a new account started in April 2011.
Regards
Rohit
Dear Rohit,
But you have continuous service of more than 5 years right??
Dear Mr Reddy
Prior to my joining this company I was in the Armed forces and hence did not have EPF account. On premature retirement from the Armed forces I joined the present company in 2011.
Dear Rohit,
Since your service is less than 5 years, TDS is applicable.
Kindly refer to the flowchart regarding the applicability of TDS.
Can you please inform whether EPF withdrawal is taxable or not and if so please elaborate the provisions.
yes it is taxable
Dear C.P.Reddy,
Kindly read my article : TDS on EPF withdrawals – New rules .
Sir, I worked for 4 years as a permanent employee in some organisation. But currently working as a contract employee with some other org. Currently no PF. Salary is also depositing by check. There is no indication of SALARY in bank transactions. In this case, am i come under unemployed?
Dear Srinivas,
I am not very sure about this..I believe that you can claim that you are unemployed..
Very Helpful information…..however EPF should be withdrawn only at the retirement age.
Thank you Sameer..keep visiting 🙂
Nice Article . Very Helpful.
Thank you Ravi. Keep visiting 🙂