PF Withdrawal for Marriage: If you want to withdraw money for your marriage, then tell you that you can withdraw money from your PF fund. Let’s tell what are the rules and regulations for this…
Short of money for marriage? You can withdraw so much money from PF account
PF Withdrawal for Marriage: If you have also saved money for your dream wedding, but it is not enough. So in such a situation, you do not need to borrow from anyone in emergency. Rather, you can withdraw the money deposited in your PF account for marriage. Yes, EPFO has given its permission under certain conditions. By the way, Provident Fund Account is a way of saving. But the money deposited in it helps people in bad times.
The government pays interest on a part of the basic salary of the salaried class people, which is kept in the PF fund every year. For this year, the government has fixed an interest rate of 8.1% for it. But in case of any emergency or need, you can also withdraw this money. EPFO members can withdraw money from EPFO in the form of Marriage Advance.
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Can withdraw money for marriage
Recently, for PF withdrawal (PF Withdrawal), the account holder has been allowed to withdraw money for marriage. The bride and groom should be either son, daughter, brother or sister of the person concerned or the account holder. However, this provision cannot be used until 7 years of PF contribution is made.
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How much amount can be withdrawn?
Now the question arises that how much money you can withdraw from your PF account. Let us tell you, according to EPFO, you can withdraw 50% of the total amount kept in your fund along with interest. However, there is a condition for this that you should have a membership of seven years.