EPF advance for marriage: When can you avail, amount, conditions
By Sneha Kulkarni, ET Online |
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Withdrawal from EPF
Employee Provident Fund subscribers can avail advance for various reasons such as home construction, purchase and even marriage.
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For whom advance can be availed?
EPF members can avail the advance for marriage for self, sons, daughters, brothers, and sisters, as per a tweet on the official EPFO twitter account .
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Amount that can be availed
EPF members can avail up to 50% of member’s own shares with interest.
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EPF marriage conditions
Seven year’s membership of the fund.
Not more than three advances for marriage and education.
Not more than three advances for marriage and education.
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How to avail advance for marriage
To obtain a marriage advance from an EPF account, the subscriber must submit Form 31. You can fill out this form on the EPFO website as well as the Umang mobile app by entering the necessary information.
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How to avail from Umang app
Step 1: Login Umang app
Step 2: Enter UAN and Enter OTP
Step 3: From Dashboard, under KYC check all the details such as account number.
Step 4: Enter details as per Aadhaar and select form 31
Step 5: Enter details and amount
Step 6: Upload a cheque and submit.
Step 2: Enter UAN and Enter OTP
Step 3: From Dashboard, under KYC check all the details such as account number.
Step 4: Enter details as per Aadhaar and select form 31
Step 5: Enter details and amount
Step 6: Upload a cheque and submit.