Under certain conditions, India's retirement fund body EPFO allows subscribers to withdraw non-refundable advances from their EPF account.
EPFO members can withdraw up to 75% of their outstanding EPF balance or three months' basic pay + Dearness Allowance (DA), whichever is lower, according to EPF guidelines. Employees' portion, employer's share, and EPF interest are all included in the EPF outstanding sum.
EPF Members Can Apply for Non-Refundable EPF Advance for the Following Reasons:
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Housing loan/purchase of site/house/flat or for construction/addition, alteration in existing house/ repayment of housing loan
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Lockout or closure of the factory
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Illness of member/family
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Marriage of self/son/daughter/brother/sister
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Post matriculation education of children
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The establishment's electricity has been cut off
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Purchasing equipment by physically handicapped
Investment in the Varistha Pension Bima Yojana (VPBY) One Year Before Retirement
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Unemployment not exceeding the one-month period
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Pandemic outbreak (COVID-19)
Online Application for Non-Refundable EPF Advance
According to EPFO, a member can apply for an advance through the Unified Member Portal or the UMANG App, however, the advance will be processed subject to certain restrictions.
To get a non-refundable EPF advance withdrawal, follow these steps:
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Login to the unified EPFO portal
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Go to online service claim (Form 31, 19, 10C & 10D);
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Upload a bank a check leaf with your name on it;
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Submit the form by selecting the submit option.
This EPF withdrawal can also be claimed through the Umang App by an EPFO member. They can repeat the aforesaid process by logging in to the Umang App with their UAN and the OTP sent to their registered mobile number.
