You can withdraw money from your Employees' Provident Fund (EPF) account for a variety of reasons according to the rules of the EPF scheme. When you reach the age of 55, you can withdraw from your EPF account in preparation for retirement.

Before retiring, you can also take money out of your EPF account for a variety of purposes. These include financing financial emergencies, a home purchase or construction, a child's wedding and education, and paying for these expenses. EPF members can request to withdraw up to 90% of their PF account accumulations to help with housing costs.

EPF members are eligible to get an advance for the following purposes: construction of the house, Purchase of house / Construction of house, Renovation of house and Repayment of housing loan. The limit of withdrawal varies with each withdrawal. The maximum withdrawal varies depending on the withdrawal.

Housing Loan/purchase of site/house/flat or for construction/Addition alteration in existing house/Repayment of Housing loan: No document is required. Only New Declaration Form/Utilization Certificate etc is required.

HOW TO WITHDRAW FOR REPAYMENT OF A HOME LOAN?

Step 1: Log into the EPFO e-SEVA portal.
Step 2: Enter your UAN, password, and captcha code to login
Step 3: Visit the "Online Services" area.
Step 4: Click on claim form 31 from the dropdown
Step 5: Enter your bank information and click verify
Check the terms and conditions once you read
Proceed with the online claim and select the claim settlement.
Select the purpose of the advance
Enter details such as the amount required and address
Upload the documents if required.

Your application will be submitted.

PURPOSE OF WITHDRAWAL

• Purchase of house/flat/construction of house including the acquisition of the site
• Purchase of site for construction of dwelling house/purchase of house/flat
• Purchase of dwelling house/flat on ownership
• Construction of house on a site owned by member/spouse/jointly by member & spouse
• For addition/alteration/improvement in the house owned by a member/spouse/jointly with a spouse

The amount available for the above purchases is 24 month’s basic wages and DA/for the purchase of a house/flat/construction, the limit will be 36 month’s basic wages and DA OR Total of employee and employer share with interest OR Total cost. Whichever is least.

For addition, alteration, improvement or repair in the house owned by the member, spouse or jointly with a spouse, the limit will be 12 month’s basic wages and DA or employee share with interest or cost, whichever is least.

CHECKLIST TO FILE WITHDRAWAL FROM EPF ACCOUNT ONLINE

Certain additional eligibility conditions must be satisfied to be eligible for filing a claim online.
These conditions are as follows:
A) Universal Account Number (UAN) must be activated;
B) Aadhaar number should be linked and verified with UAN;
C) Bank account with the correct IFSC should be seeded with UAN;
D) EPF account must be KYC-compliant;
E) Mobile number linked with Aadhaar should be active;
F) In case of retirement, the correct date of birth should be updated in the EPFO records