I need to know about pf advance form 31. Give details.
You can make a partial withdrawal from your EPF account using Form 31. The Employees’ Provident Fund Organisation allows you to take this advance for specific purposes, such as buying or constructing a house.
- Purchasing a plot
- Repaying a home loan
- Medical treatment
- Marriage
- Higher education of children
- Disability-related needs
- Unemployment
- Partial withdrawal before retirement
You can apply for the part PF Withdrawal Form 31 directly through the UAN Member Interface if your date of joining is available in the EPFO database. You can apply online without needing any supporting documents. Your act of submitting the form online serves as a self-declaration for the claim.
The amount you can withdraw and the conditions vary depending on the purpose. In some cases, you can withdraw up to a certain number of months’ basic wages and dearness allowance. In certain scenarios, you can even withdraw 90% of your account balance.
The EPF Scheme defines these rules under different paragraphs, such as 68B for housing, 68J for medical treatment, and 68K for marriage or education.