According to EPF rules, an EPFO member can pull out 75% of the remarkable EPF balance or 90 days essential compensation in addition to dearness recompense (DA), whichever is less.
Here, EPF contribution mean workers’ portion, business’ portion and EPF interest. In the FAQs accessible on the EPFO site, the fortunate asset controller expresses that non-refundable EPF advance can be taken given the online guarantee forms are filled accurately and the petitioner satisfies the qualification condition.
EPF Non-Refundable Claim: Eligibility Conditions
EPFO has recently tweeted from its true Twitter handle and informed that an EPF account holder needs to satisfy specific circumstances to become qualified to guarantee non-refundable EPF advance.
Those conditions are – buy/construction/expansion of home loan/site/house/level, change of existing house/reimbursement of home loan, sickness of EPFO individual from his relative, marriage of self, child, little girl, sibling or sister , post matric training of youngsters, normal disaster, joblessness for something like one month, interest in senior annuity protection plot, and so on. Advance will be accessible under these circumstances.
Instructions to guarantee non-refundable EPF advance online
As indicated by the EPFO’s tweet, ‘#EPF individuals can apply for non-refundable EPF advance through Unified Member Portal or UMANG App to profit different advantages.’
