On July 13, 2025, the Indian government introduced revised Employees’ Provident Fund (EPF) withdrawal rules aimed at supporting salaried individuals looking to buy their first home. The changes, under the newly added Para 68-BD of the EPF Scheme, 1952, provide greater financial flexibility and accessibility.
As per the update, EPFO members can now withdraw up to 90% of their EPF balance for housing-related expenses, including down payments, construction costs, or EMIs. Importantly, the eligibility period has been reduced from five years to three years from the date of account opening, making funds accessible sooner.
However, this housing-related withdrawal is permitted only once in a lifetime per member. In addition to housing, the revised rules also simplify and streamline other aspects of PF withdrawal, offering relief to a broader section of employees.
No comments:
Post a Comment