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Employees’ Provident Fund Organization

(Ministry of Labour & Employment, Govt. of India)

Head Office

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

www.epfindia.gov.inwww.epfindia.nic.in

Telephone: 011- 26713254 Fax: 011-26166609 Email: acc.fa.imc@epfindia.gov.in

No: WSU/39(1)2017/Housing Scheme/10420

Dated: 18 AUG 2017

To

All Addl. CPFC (HQ/Zone),
Regional P.F. Commissioners-in charge of
Regional Offices.

Sub: Withdrawal under paragraph 68-BD of EPF Scheme, 1952 to facilitate housing needs of the PF members – Regarding

Ref: Head Office circular of even numbers dated 21.04.2017 (placed at Sl. No. 30 of office orders/circulars for 2017-18)

Sir,

Please refer to the above said subject.

2. In continuation of the above said circular dated 21.04.2017, the revised Annexure- III is enclosed for utilization by the member. It is also directed that the Cash Branch should ensure that generation and disbursal of EMIs in respect of the all claims under para 68-BD(4) of EPF Scheme, 1952 on the 1st working day of the month. The Cash Branch should also generate the forwarding letters for intimation for disbursal of EMIs to the lending agency as well as to the member, on the first working day of the month itself.

3. This has approval of Central P.F. Commissioner.

Yours faithfully,

(K. L. Taneja)

Addl.CPFC (HQ)-Enorll & Housing

Encl: As above

Copy to:

i) CPFC (HQ)-IS with the request to enable generation of intimation letter in the application software.

ii) DD (OL) for issuing Hindi version.

(Vipin Kumar Sharma)

RPFC-I (Housing)

EMPLOYEES’ PROVIDENT FUND SCHEME, 1952

(Paragraph 68 BD)

AUTHORIZATION FOR REPAYMENT OF HOUSING LOAN OUT OF THE PROVIDENT FUND ACCOUNT

To

The Regional P.F. Commissioner,

Employees’ Provident Fund Organization,

1. I………………………….. S/o/W/of…………………………….. an employee  of  M/s. …………………………………… having Provident Fund Account No. ……………………………………….  hereby authorize the Commissioner to:

(i) make monthly withdrawal of Rs. ……………. (Rupees…………………………………………….. only) from ……………… month of year…………to…………………. month of year ….. from my above Provident Fund Account and remit the same to my Housing Loan Account No. ………………………………………. by electronic transfer to …………………………………………………………………………………… Bank/Housing Agency/ Other primary lending agency for housing as per following details:-

Current/Saving Account of the lender.. …………………………………………………

Name and address of the lender……………………………………………………….IFS Code…………………

(ii) Make payment of late fees/interest out of my above provident fund account and remit the same to the aforesaid lenders.

(iii) Send intimation to the following addresses:-

a. Bank/Lending agency E-mail ……………………………….

b. Member’s E-mail …………………………………….

c. Member’s mobile (for SMS)…………………………..

2. I hereby accept and undertake that:

(i) The authorization at para (1) above shall hereafter remain operative till such time as I continue to be a member of the fund and have enough accumulation to my credit and this authority shall not be revoked by me as long as I remain indebted to the above said lender.

(ii) I am aware of the balance in my provident fund account, future contributions to be made and the interest to be credited and I take the responsibility to repay the aforesaid loan. If balance in provident fund account is less than the said monthly installment in any month/year I will pay the installment, late fee and/or interest from my own resources.

(iii) Amount standing to the credit of aforesaid provident fund account together with Provident Fund Account No. …………………….. of my spouse (if any) is not less than Rs. 20,000/- (Rupees twenty thousand).

Signature:…………………………….

Name……………………………………………

Address ……………………………………….

Certified that above authorization and undertaking has been signed before me by aforesaid Provident Fund member. Further, certified that the above loan has been provided for housing purpose and the provident fund receipts will be credited to the above loan account.

Signature of the Manager of the branch of lender which sanctioned the loan

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Category : Corporate Law (3398)
Type : Circulars (7478) Notifications/Circulars (30079)
Tags : EPF (232) EPFO (203) Provident Fund (175)

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