Epf Account 2 Withdrawal For Education

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Financing Your Studies Through Epf

Employees provident fund account ii withdrawal scheme for education.

Epf account 2 withdrawal for education. If the loan agreement was dated from jan 17 2006 onwards then withdrawals for children s studies for diploma or such equivalent level are also accepted. Amount eligible for withdrawal. Quality education is the key to a stable career that will result in a comfortable life for you and your family. To facilitate epf members in preparing for a comfortable retirement.

Withdrawal from account 2 to fund own or children s education. Effective july 21 more than 70 000 epf contributors can use their savings from account 2 to settle the balance of their education loans irrespective of their loan agreement dates. Specifically epf members can only withdraw from account 2 for their children s studies if the loan was dated from april 21 2000 for bachelor s degrees equivalent or higher. Members may withdraw the maximum amount of the total fees or all of balance in account ii.