New members are constantly joining EPFO. 14.63 lakh new accounts were opened in November 2024. Then the Social Security Scheme, Provident Fund, a retirement fund operated by the EPFO provides financial help in your emergency. It also gives you partial withdrawal facility from PF account.
EPFO provides partial withdrawal facility for several reasons
With the help of which you can withdraw money for many tasks with the money deposited in it. For example, if you want to pay a loan amount, you can withdraw money from PF for that too. But many types of rules have also been made regarding this. Even though the EPFO allows you for partial withdrawal for several reasons, there are many conditions on it. You are allowed to withdraw only once for various reasons. But in some cases you get the facility to withdraw money once.
Learn about these rules of EPFO
Talking about EPFO rules, it also includes how many times you can withdraw money. If you also want to withdraw money from PF, then you should also know about certain conditions. If you are married and you need to withdraw money often, will you be able to withdraw money?
PF customer
PF shareholders are also eligible for partial withdrawal after completion of term. For example, if you want to use EPFO money to build a house, repay loan or some diseases,
Partial withdrawal is allowed for the marriage of his or a family member. Apart from this, you can also withdraw money for other reasons.
How long can you withdraw PF money?
To withdraw PF money, it is necessary to complete a job of at least 7 years.
How much money can be withdrawn from PF?
A working person cannot withdraw his entire PF money for marriage. Any person can withdraw only 50% of the employee’s contribution including interest from PF.
For whose marriage we can withdraw PF money?
Any person can withdraw PF money for their wedding expenses. However, if the wedding is taking place at home, then money can also be withdrawn for the marriage of siblings or children. Thus you can do partial withdrawal three times. But you can withdraw money only after 7 years of opening a PF account.
