According to the EPF rules, for buying a house, flat or under construction property, you can maximum withdraw up to 90% of the accumulated balance in one's EPF account, subject to the cost of asset to be acquired.
The amount of disbursals under COVID-19 claims to subscribers is a sizeable amount of over one fifth of the total disbursement during the period by the EPFO.
EPFO, the retirement fund body, has over six crore members. It has credited interest of 8.5% for 2019-20 to its members. Members can view their account details online and see the amount credited. Here are the steps that you need to follow to check your account balance: — Visit the EPFO website (www.epfindia.gov.in) and click […]
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The government has allowed EPFO and exempted provident fund trusts to invest in Bharat Bond ETFs. Despite an 8.5% interest rate declared by the EPFO for FY20, these ETFs have yields in the 4.5-6.6% range. Thus experts suggested a transfer of risk to subscribers rather than provident funds through unitisation. The government had launched four […]
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