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Provident Fund Rules Changed For Paying Home Loan EMIs. Details In 10 Points
EPFO subscribes will be able withdraw up to 90% of their accumulations The payments will be made directly to the housing society/agency/bank This facility will be available only once to every member
26 Apr 2017, 04:04 PM IST 
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Retirement fund body EPFO will make payment for purchase of property to the housing agency.
The government has amended the rules of the Employees' Provident Funds Scheme to enable over four crore subscribers to pay equated monthly instalments (EMIs) of home loans. They can also make payments towards purchase/construction of houses or purchase of land. This is part of the government's 'Housing for All' agenda. The Employees' Provident Fund Organisation (EPFO) is the retirement fund body that manages provident fund savings on...
