EPFO Housing Scheme 2017 to be Launched with Amendments
EPFO Housing Scheme 2017 announced earlier will now have some amendments to enable 4 crore EPFO members to withdraw up to 90% of their EPF fund. This is done exclusively to make them pay down payments while buying homes. The amendments will also allow them to avail benefits of EPF Account fund for paying EMIs for their home loans.
However, the withdrawal facility under the EPFO Housing Scheme 2017 will apply only to those EPF members who fulfill a predefined sets of conditions.