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What about epf withdrawals?

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Anonymous

13y ago
Updated: 8/20/2019

Almost all of us are working for a company and we contribute a small percentage of our monthly salary into our EPF accounts. We all know that PF is a great saving instrument and it will help us generate a corpus for our retirement. All that being said, many of us do not know the fact that we can withdraw money from our PF account for emergency cash requirements. Yes, you read me right. WE CAN withdraw money from our PF accounts. After all, it is our money and we definitely have the right to take it when we need it the most.

However a point to note here is that, there are a lot of restrictions with respect to taking money from your PF account. You need a lot of documents and need to meet certain criteria.

For ex: If you want to take money for marriage or education you:

1. Must have completed 7 years of Service

2. Can withdraw for self/children/siblings marriage

3. Can withdraw for self/childrens education

and you can withdraw 50% of the corpus and you can do it 3 times during your Total service

Similarly there are numerous rules for each category under which you can withdraw money from your PF Account

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Wiki User

13y ago

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