EPFO Update: How much money can be withdrawn from EPFO ​​at once? Here's the complete update..

EPFO is where your Provident Fund money is deposited. Sometimes, due to need or an emergency, you might want to withdraw money from your Provident Fund. For example, if you need ₹1 lakh and apply to withdraw this amount from your PF, but you only receive around ₹60,000, you might wonder why you didn't receive the full amount you applied for. So, let's explain how much money you can withdraw from EPFO ​​and when.

You can withdraw money from your PF (EPF) as needed, with some needs (such as illness, marriage, or buying a house) allowing for withdrawal of up to 100% of the total amount. However, sometimes only 75% of the amount can be withdrawn, but the full amount can be withdrawn after retirement; recent rules have simplified withdrawals, changing the waiting period from 13 months to 3 months, and now 100% withdrawal is possible even after 12 months of service.

How much money for buying or repairing a house?

If you are going to buy a house or want to repair your house, you can withdraw 90% of the amount from your Provident Fund. For example, if you have ₹1 lakh in your account, you can withdraw up to ₹90,000 for this purpose.

How much money for illness?

If you or someone in your family falls ill, you can withdraw 100%, i.e., the entire amount, for treatment. For your own, your children's, or your siblings' education/marriage, you can withdraw up to 75% of your contribution + interest.

How much money can be withdrawn while still employed?

If you have completed 12 months of service at your current job, you can withdraw all the money except 25% of the accumulated amount. Let's say you have ₹1 lakh in your account, you can withdraw ₹75,000.

How much money after leaving a job?

If you have left your job or lost your job and are unemployed, you can withdraw the entire amount from your Provident Fund after 2 months. In some cases, a 12-month timeframe has been set for this. However, if you have retired, you can withdraw the entire amount. Under the new EPFO ​​rules, it is now possible to withdraw up to 100% of the funds after completing just 12 months of service (subject to certain conditions), whereas previously, 5-7 years of service were required.

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