EPFO Housing Scheme April 2018

EPFO Housing Scheme April 2018 – decided to give its shareholders special feature plans. Under this special scheme seeks to provide home EPFO subscribers.

BASIC INFORMATION
 

Name
 

The Employees Provident Fund Organisation (EPFO)
 

Firmed / Scheme
 

Housing Scheme
 

launched
 

8th April 2017
 

Head Office Address
 

Bhavishya Nidhi Bhawan, 14, Bhikaiji Cama Place, New Delhi – 110066
 

Customer Care No.
 

1800 118 005
 

National Data Center (NDC)
 

NDC, 1st Floor, EPFO Complex, Plot No. 23, Sector-23, Dwarka, New Delhi – 110075.
 

Official Website
 

www.epfindia.gov.in

EMPLOYEES PROVIDENT FUND ORGANISATION – April 2018

The Employees’ Provident Fund Organisation (EPFO) has mooted a group housing scheme which will enable members to form cooperative housing societies and use their entire provident fund savings towards buying land, constructing homes or paying housing loan instalments.

The scheme will benefit those whose monthly income is less than Rs 15,000. On Friday, Labour Minister Bandaru Dattatreya said that after retirement the home will be provided under this scheme to stakeholders.

Employees with at least three years’ subscription to the EPF scheme will be allowed to withdraw their savings for housing purposes, including repayment of loans from their monthly contributions.

The scheme is likely to be launched anytime after March, 8 when voting in five poll-bound states would be over. Yet about the scheme on behalf of the Minister of Labour the detailed information has still not revelled.

It was not clear how long it will launch the scheme and how it will pay to shareholders to take the house.

Now in the PF account, your money will be able to fulfil the dream of buying a house.

The person can use the PF account to deposit the money you needed to buy a house. OR the can do down payment and be able to give home loan EMI.

He EPFO scheme will serve as the provider for its members support during their service so they can buy their own home.

EPFO subscriber members along with their employers (Employer) will need to create a group housing society, which further ties with banks and builders or vendors, so that members can purchase the home.

According to sources various housing plans benefits such like Prime Minister housing scheme can add together so that the goal of the Government to get all of the housing forward.

The scheme of the creditworthiness certificate will issue formal sector workers.Members will know that the bank’s ability to repay debt is how much. It would be easier for banks to lend to members.

About This Information
Updated
Topic
EPFO Housing Scheme
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