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Major relief for withdrawal of funds under para 68B of EPF Act, 1952

The Employees Provident Fund Organisation (Ministry of Labour) has issued a notification to provide major relief towards manner of withdrawal of funds under para 68B of EPF Act, 1952 for housing purpose.

The Form 31 which talks about the withdrawal from the Fund for the purchase of a dwelling house/flat or for the construction of a dwelling house including the acquisition of a suitable site for the purpose was being rejected due to non-submission of various tedious documents like encumbrances certificate/approved plan, house tax receipt etc, but with new declaration form the submission of documents have been waived off.

The eligible employees can now withdraw their EPFO contribution in easy and an obstacle free manner for housing purposes.

 

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