EPF Education Loan for Employee and Children | How to apply for PF withdrawal

EPF Education Loan for Employee and Children | How to apply for PF withdrawal: You can withdraw funds for the education of self and children, where you should have completed total service of 7 years. You can avail up to 50% of the employee contribution. This option can also be used 3 times in a lifetime.

EPF Education Loan

EPF Education Loan
EPF Education Loan

 

Education loan process: Given below are the conditions that must be met in case individuals wish to take an advance for the purpose of education:

  • EPFO members must have completed at least 7 years of service.
  • Money can be withdrawn for the post-matriculation education of the EPFO member’s children.
  • Under this, up to three withdrawals are allowed.
  • Under this up to 50% of the contributions that have been made by the EPFO member can be withdrawn.
Status of the loan

Individuals who have applied for an advance or loan can check the status easily. However, individuals must have the PF account number in order to check the status. The status of the loan can be checked on the EPFO portal. EPF members who avail of an advance need not pay back the money. EPFO members should only withdraw the EPF money as a last resort and save the money for their retirement.

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Disclaimer:

Kindly note that this site is not the official website of the EPFO organization. We provide information available from the internet and the information available on epfoadvise.co.in may vary to the actual information. We collect information online from different resources including the official website of the EPFO organization.

If you find any information wrong or corrections needs to do, you are requested to kindly contact us.

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