EPF rules explained: How to make a partial withdrawal online for marriage, home renovation or medical emergency

 

EPF partial withdrawal rules: A full withdrawal from your EPF account, on the other hand, is only permitted under two conditions: when the account holder reaches the age of retirement, or when the account holder remains unemployed for at least two months.

EPF partial withdrawal rules: Did you know that you can partially withdraw from your Employees’ Provident Fund (EPF) retirement corpus under certain conditions? Retirement fund body EPFO permits EPF subscribers to make partial withdrawals from their accounts for reasons such as medical emergencies, higher education expenses, home loan repayment, or marriage-related expenses. Under EPF rules, each condition has predefined withdrawal limits and requires supporting documents for verification.
EPF partial withdrawal rules: Did you know that you can partially withdraw from your Employees’ Provident Fund (EPF) retirement corpus under certain conditions? Retirement fund body EPFO permits EPF subscribers to make partial withdrawals from their accounts for reasons such as medical emergencies, higher education expenses, home loan repayment, or marriage-related expenses. Under EPF rules, each condition has predefined withdrawal limits and requires supporting documents for verification.

After making a continuous contribution to the EPF for five years, you can also withdraw money for house renovation. This amount can be up to 12 times the monthly salary. If the employee has put in a minimum of three years of service, one can withdraw the amount for the home loan payment. In such a situation, one can withdraw up to 90 per cent of the PF balance.

 

How to withdraw funds partially from your EPF account for medical treatment

EPF money can be withdrawn at any time to meet the expenses arising out of a medical emergency, such as serious illness, permanent disability due to an accident at work, and closure of company. If an EPF account holder wants to withdraw the entire EPF amount for the treatment, they will have to provide proof of hospitalisation for a month or more.

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