EPF Marriage Loan for Employee and Children | How to apply for PF withdrawal: EPF members can make use of this option to pay/fund marriages for self or his/her children. This scheme comes under Para 68(K) of EPF and below is the eligibility for it.
EPF Marriage Loan
Marriage loan process: Given below are the conditions that must be met in case individuals wish to take an advance for the purpose of Marriage:
- The EPFO member must have completed at least 7 years of service.
- The money can be withdrawn for the marriage of the EPF member, his/her children, and siblings.
- Up to 50% of the employee’s contribution made towards EPF can be withdrawn.
- Up to 3 withdrawals are allowed.
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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