You are here: Home » PF » News » Insurance
Business Standard

Who owns Rs 9-lakh-cr EPFO corpus?

Even latest guidelines allowing usage for EPFO money to buy property is riddled with complications

Harsh Roongta 

Very few people are aware that you are allowed to withdraw money from your Employee Provident Fund (EPF) account to pay for the purchase of a house property or for repaying a home loan. It’s such a well-kept secret that even well-heeled financial planners aren’t aware of it.  The reason: The current EPF Act was framed in 1952 (as a successor to a 1925 Act inherited from the British) with noble intentions. It used the might of the mai baap sarkar to force employers to contribute an “additional” amount of money, over and above the wages paid to the ...

TO READ THE FULL STORY, SUBSCRIBE NOW AT JUST Rs 149 A MONTH

Key stories on business-standard.com are available to premium subscribers only.

LOGIN

EMAIL / USER NAME
PASSWORD
REMEMBER ME Forgot password?

Not a member yet ? Resister Now

Connect using any below

  • Don't lose the opportunity of saving $26.77 per month
  • Don't lose the opportunity of saving $26.77 per month
Total Amount
Rs. 0.00
To proceed, kindly select a subscription package

WHAT YOU GET

On Business Standard Digital

  • Access your subscription from anywhere. Be it your computer, tablet or smartphone using a browser or the App, Your Choice.
  • Access to exclusive content, features, opinions and comment, hand-picked by our editors, just for you.
  • Pick your 5 favourite companies. Get all the news upates at the end of each day through E-Mail.
  • Pick the industry that you want to track. And get a daily news letter specific to that industry. Cut out the clutter.
  • And stay on top of your investments. Track stock prices in your portfolio
  • Access 18 years of archival data

On Digital

  • Seamless access to WSJ.com with your Business Standard digital account.
  • Experience the best of the Journal's reporting, video and interactive features.
  • Read about the people and events shaping business, finance, technology, politics, technology and culture.
  • Stay informed with newsletters - an easy way to get WSJ content straight to your inbox - making life easier on your busiest days.
  • More business executives read the Journal globally than any other publication.
*Note :
Our Partners are proud to be associated with this initiative and will contribute Rs 100 x 6 months thereafter, standard rate of Rs 149 will be charged.
Offer valid for Indian residents only
Requires you to share personal information like PAN, Date of Birth, and Income.
*Annual saving on WSJ subscription price of US$ 347.88 (12 months @ US$ 28.99 per month)
* 1US$ = 67.50 INR.
*Please note that this offer is not valid if you are/were a registered/existing user on WSJ Digital
RECOMMENDED FOR YOU

Who owns Rs 9-lakh-cr EPFO corpus?

Even latest guidelines allowing usage for EPFO money to buy property is riddled with complications

Even latest guidelines allowing usage for EPFO money to buy property is riddled with complications Very few people are aware that you are allowed to withdraw money from your Employee Provident Fund (EPF) account to pay for the purchase of a house property or for repaying a home loan. It’s such a well-kept secret that even well-heeled financial planners aren’t aware of it.  The reason: The current EPF Act was framed in 1952 (as a successor to a 1925 Act inherited from the British) with noble intentions. It used the might of the mai baap sarkar to force employers to contribute an “additional” amount of money, over and above the wages paid to the ... image
Business Standard
177 22

Who owns Rs 9-lakh-cr EPFO corpus?

Even latest guidelines allowing usage for EPFO money to buy property is riddled with complications

Very few people are aware that you are allowed to withdraw money from your Employee Provident Fund (EPF) account to pay for the purchase of a house property or for repaying a home loan. It’s such a well-kept secret that even well-heeled financial planners aren’t aware of it.  The reason: The current EPF Act was framed in 1952 (as a successor to a 1925 Act inherited from the British) with noble intentions. It used the might of the mai baap sarkar to force employers to contribute an “additional” amount of money, over and above the wages paid to the ...

image
Business Standard
177 22