If you fulfill just this one condition, then EPFO ​​will get all the wedding expenses!

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People spend a lot in marriages. One, it is a hobby of the people, along with it there are some compulsions as well. In such a situation, whether it is one’s own marriage or that of children, managing money becomes a separate headache. However, if you are also a subscriber of EPFO ​​(EPFO Subscribers), then this headache of yours can be reduced to a great extent, because EPFO ​​gives the facility to take advance or withdraw money in advance for these occasions also.

pf money is of great use

For crores of people working in the private sector, the biggest basis of social security is PF i.e. Provident Fund. It is managed by the Employees’ Provident Fund Organization (EPFO). It proves to be helpful in times of many sudden needs in life, as well as ensures a guaranteed amount for life after retirement from the job.

This relief given during Kovid

EPFO provides great relief to its subscribers on many occasions. Just like when the Corona epidemic came, then EPFO ​​​​gave its members the facility of Covid Advance (EPF Covid Advance). Similarly, even if you lose your job, you get the facility of PF Withdrawal. Similarly, whether you want to buy a house or get it repaired, whether it is your own marriage or that of children, you can withdraw money from PF.

EPFO told this thing

In a recent tweet, EPFO ​​has given detailed information about withdrawing money from PF on the occasion of marriage. According to EPFO’s tweet, if the subscriber has his own marriage or marriage of brother-sister or son-daughter, then the facility of EPFO ​​marriage advance can be availed on these occasions. Under this, an amount equal to 50 percent of your share can be withdrawn along with interest.

just keep these two things in mind

However, to withdraw money from PF under EPFO ​​Marriage Advance, it is necessary to fulfill certain conditions. EPFO has also told about these conditions. The first condition is that you are a member of EPFO ​​for at least seven years. Apart from this, the second condition is that you cannot avail the facility of advance more than 3 times including marriage and education. This means that money can be withdrawn from PF only a maximum of 3 times in the name of marriage or education.

read this also: EPFO has told the formula, this will be the calculation of more pension

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