Buying a house is a long-term investment and an arduous decision involving high risk. There are several fascinating residential projects going on in Bangalore and one of the notable ones is Brigade Bricklane by the Brigade Group. Brigade Bricklane will provide several world class amenities to its residents which can provide with blissful living condition. There are many aspects that contribute to the house buying decision and the major one is the price. One has to do a lot of financial planning to ensure the right funding for the purchase of the dream house. There are various schemes that can help the home buyers in making the purchase decision and one of the latest ones is the EPF(Employee Provident Fund) housing scheme that allows Employee Provident Fund Organisation (EPFO) subscribers to use around 90% of their saving in either paying for the down payment or paying the EMI's. EPFO is a statutory body under the ministry of labor and employment, Government of India. To make this scheme more understandable and precise, here are some points you need to keep in mind.
Procedure of Applying for withdrawa A member of PF can apply individually or jointly through any housing society to get a certificate issued from the EPFO. Employees willing to take out the money have to fill the Annexure 1 form, the employees are asked to give the details of the balance and deposits made in the last 3 months. This will help EPFO in determining the amount of EMI to be arrived at. The employees also have to give the full information of the bank or the housing society to whom the certificate is going to be issued. If EPFO is convinced that every procedure is duly met, it then issues an Annexure 2 certificate showing the outstanding balance and last 3 months deposit. Also, members can provide the passbook printouts of PF, which can be downloaded from the EPFO website to the banks or the housing agencies.
So, we can say that the EPFO scheme will help numerous people to fulfill their dream of buying the house like Brigade Brickline a prelaunch Project from Brigade Group
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