There was a new provision introduced by EPFO in 2017 to help people realise their dream of buying a house using their PF savings. The provision stated that in case an individual wants to buy a house, he/she can withdraw 90% of the EPF balance if they comply with all the conditions and fall in the eligibility criteria. If you want to know what are the PF withdrawal for home purchase documents required, I can help you.
Documents Required for PF Withdrawal for Home PurchaseThere are certain rules and regulations which must be followed to get the PF amount for house purchase. In this section you will find out about information, details and EPF withdrawal for house loan documents required.
PF Withdrawal for Home Purchase Documents RequiredYou must have your UAN number.
The bank account details of EPF account holder must be given.
Proof of membership of a registered housing society or association having 10 or more members
The certificate from Commissioner specifying balance in PF account
Monthly contribution records for the last 3 months
Print out of e passbook from EPFO website
A composite claim form (if needed)
An undertaking by PF contributors for EMI payment
Along with the above mentioned documents and requirements here are some basic requirements that will make you eligible for EPF amount withdrawal for house purchase.
You should be an EPFO member for at least 5 years
The house or land purchased should be in the name of EPF account holder
The withdrawal limit for a house purchase is up to 36 months’ basic salary + DA or total cost, whichever is less.
This is all you need to know on PF Withdrawal for Home Purchase Documents Required. Hope this was helpful.
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What are the documents required for PF withdrawal for home purchase?
Shloka
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3 Year
2021-07-26T17:07:41+00:00 2021-07-26T19:52:51+00:00Comment
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