You can now withdraw 90% EPF to buy home, pay EMIs

New Delhi: Over four crore Employees Provident Fund Organisation subscribers can now make down payment and pay EMIs from their EPF accounts to buy homes. The subscribers of the retirement fund body can withdraw up to 90 per cent of their accumulations in their PF account for purchase of homes. The EPFO has amended the scheme by inserting a new paragraph — 68 BD — to the Employees’ Provident Funds (EPF) Scheme, 1952, to enable a subscriber to make down payment to buy homes and pay EMIs through the EPF account, a senior official said. “Since the labour ministry has issued a notification for the purpose, the scheme stands amended,” he said. PTI