PF Withdrawal Rules: When and how many times can you withdraw PF money during the job, know the rules..

Many people believe that PF money can be withdrawn only after retirement, but the reality is different. Employee Provident Fund Organization (EPFO) allows you to withdraw money from your account even while working in times of need. The good thing is that there is no limit on how many times you can withdraw money. Yes, the full balance will be available only when it has been two months since you left the job or you have retired.

Here we will tell you in which circumstances the money deposited in your PF account can be useful for you.

Want to buy a house or plot?

If you want to buy a house, flat, or plot from PF, then the account should be at least 5 years old. For a plot, you will get 24 months' basic salary and DA, while for a house/flat, you will get 36 months' basic salary and DA, or total share (including interest), or the price of the property, whichever is less.

Want to repay a loan?

Money can be withdrawn from the PF to pay off a home loan or any other debt, but the account should be 10 years old. In this, you will get 36 months' basic salary and DA, or total balance (including interest), or outstanding loan, whichever is less. A certificate of outstanding amount from the bank or agency is required.

Immediate help in illness

There is no time limit on withdrawal from PF in a medical emergency. You will get 6 months' basic salary and DA, or employee's share (including interest), whichever is less. Just need a certificate from the doctor and the employer.

You can withdraw money for marriage and studies.

If the PF account is at least 7 years old, 50% of the employee's share (including interest) can be withdrawn for children's marriage or post-matric studies. For studies, you will have to provide a certificate of the course and expenses from the institute.

Support in case of disability
If a person becomes disabled due to any reason, then 6 months' basic salary and DA, or the employee's share (including interest), or the cost of the equipment used in case of disability, whichever is less, can be withdrawn. A doctor's certificate is required for this.

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