Now Withdraw 75 Percent Of PF Balance After 30 Days Of Unemployment

You can now Withdraw 75 Percent Of PF Balance After 30 Days Of Unemployment

As per the existing rules, the EPFO members are entitled to withdraw their entire balance after two months of unemployment. This provision, however, continues to stay.

"EPFO extends additional facility to unemployed members to avail non refundable advance upto 75 % of outstanding balance in case of unemployed for more than a month. Existing provision of complete withdrawal after two months of unemployment remains unchanged," 

 Apart from being unemployed for two months, you are permitted to withdraw their PF balance for purposes such as purchase/construction of house, repayment of loan, for marriage of self/daughter/son/brother, for medical treatment of family member, as per the provisions of Employee Provident Fund Scheme 1952.

However, for each type of partial withdrawal, the amount varies and some specific criteria need to be met. For instance, for the purpose of marriage, an employee can withdraw up to 50 percent of his share with interest, that too if the employee has been an EPFO for a minimum period of seven years