INSTRUCTIONS AND GUIDELINES FOR THE ADVANCES TO BE CLAIMED THROUGH FORM 31

INSTRUCTIONS AND GUIDELINES FOR THE ADVANCES TO BE CLAIMED THROUGH FORM 31

INSTRUCTIONS AND GUIDELINES FOR THE ADVANCES TO BE CLAIMED THROUGH FORM 31

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S.No Purpose of Withdrawal Additional Details Relevant Para of EPF Scheme 1952 Membership/Period Required Amount Admissible Number of Installments Number of Times Withdrawal Allowed Payment Will Be Made To Document Required with Form 31
I Purchase of House/Flat, Construction of House, Acquisition of Site a. Purchase of house/flat, construction of house including acquisition of site 68B (1)(a) 5 years For purchase of site: 24 months’ basic wages and DA; For purchase of house/flat/construction: 36 months’ basic wages and DA or total of employee and employer share with interest or total cost, whichever is least One or more for construction 1 Agency Declaration Form from Member
b. Purchase of site for construction of dwelling house/purchase of house/flat 68B (1)(b) Member Member
c. Purchase of dwelling house/flat on ownership 68B (1)(bb) Member Member
d. Construction of house on a site owned by member/spouse/jointly by member & spouse 68B (1)(c) Member Member
e. For addition/alteration/improvement in house owned by member/spouse/jointly with spouse 68B (7) 5 years from completion of house 12 months’ basic wages and DA or employee share with interest or cost, whichever is least 1 1 Member Declaration Form from Member
f. For addition/alteration/improvement/repair in house owned by member/spouse/jointly with spouse 68B (7B) 10 years from withdrawal under sl no (e) 12 months’ basic wages and DA or employee share with interest or cost, whichever is least 1 1 Member Declaration Form from Member
II Repayment of Loans a. For refund of outstanding principal and interest of a loan 68BB 10 years 36 months’ basic wages and DA or total of employee and employer share with interest or total outstanding principal and interest, whichever is least 1 1 Agency Certificate from the Agency
III Advances in Special Cases a. In case of lockout/closure of establishment for more than 15 days 68H (1) NA Employee share with interest 1 or more NA Member Certificate from the Employer in Certificate Form A and B, as applicable
b. Discharge/dismissal/retrenchment of member challenged by him/her in Court 68H (1-A) NA Maximum 50% of employee share with interest 1 or more NA Member Copy of petition filed in the Court and certificate from member
c. In case of establishment’s closure for more than 6 months 68H (2)(a) NA Up to 100% of employer share with interest 1 or more NA Member Certificate from the Employer in Certificate Form A and B, as applicable
IV Advance for Illness a. For his/her own treatment 68J (1) NA 6 months’ basic wages and DA or employee share with interest, whichever is least 1 NA Member Certificate C signed by Employer and Doctor
b. For treatment of family 68J (3) NA 6 months’ basic wages and DA or employee share with interest, whichever is least 1 NA Member Certificate C signed by Employer and Doctor
V Advance for Marriages or Education a. For marriage of self/daughter/son/brother/sister 68K (1) 7 years 50% of employee share with interest 1 3 Member Member’s declaration in Form 31
b. For post matriculation education of son/daughter NA Member A certificate regarding course of study and estimated expenditure from Head of Institution
VI Advance for Physically Handicapped For purchasing equipment for minimizing hardship on account of handicap NA 6 months’ basic wages and DA or employee share with interest or cost of equipment, whichever is least 1 No second advance before 3 years from first Member Certificate in Certificate F from Doctor
VII Withdrawal Before Retirement Partial withdrawal before retirement 68NN After 54 years of age and within one year of retirement/superannuation 90% of amount in PF of the member 1 NA Member

Additional Notes:

  • There are provisions for advances in abnormal conditions (damage of property due to natural calamity) under Para 68L, for advance to members affected by cut in electricity (max ₹300) under Para 68M, and for investment in Varistha Pension Bima Yojana under Para 68NNN.
Jigar Kenia

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