Rules to Withdraw EPF

Almost all salaried people contribute a certain percentage of their salary

towards their Employee Provident Fund (EPF) account every month. While most
of us know that EPF is an eective tool that helps generate a corpus for life
post retirement! many of us are unaware that you can make a withdrawal from
your EPF account for urgent cash re"uirements.
#owever! an EPF account cannot be treated like any other saving bank account
implying that there are certain speci$ed criteria under which withdrawal is
permitted from an EPF account. An individual needs to furnish all relevant
documents and satisfy the necessary re"uirements in order to be eligible for
premature withdrawal of EPF.
#ere are the categories and other details with respect to premature withdrawal
from EPF.
Reasons for Premature EPF Withdrawal
Reason Requirement Amount
allowed to
be
withdrawn
No. of times
permitted
Education
or
marriage
%. &he employee should
have completed at least
' years of employment or
service.
(. Withdrawal allowed for
self! sibling(s) or
children)s marriage.
*. Withdrawal permitted for
self or children)s
education only.
+. Proof of the education or
wedding re"uired to be
submitted! such as a
valid copy or a bona$de
certi$cate of the payable
fees or the wedding
invitation
,. -n case of education! the
individual needs to apply in
Form *% through his.her
employer.
,/0 of the
total corpus
amount till
date
Permitted
thrice only
during a
person)s total
service
tenure
Medical
treatment
%. Withdrawal permitted for
medical treatment of self!
spouse! parents and
children.
(. &here is no restriction
regarding the number of
years of service.
*. &he proof of
hospitali1ation for a
month or more along
with an approved leave
certi$cate from the
employer for the
corresponding period
needs to be produced.
+. &he member needs to
obtain and deposit a
certi$cate from the
employer or E2- stating
that E2- facility is not
accessible or available to
him.her.
,. A certi$ed proof or
document of the disease
should be submitted in
Form *% while applying for
withdrawal.
3 times the
monthly
salary of an
individual or
the total
corpus
amount!
whichever is
lesser
Anytime
Purchase
of a plot
%. 2hould have completed
at least , years of
service.
(. &he plot or property
should be registered in
the person)s or his.her
spouse)s name or should
be owned 4ointly.
*. &he plot should not be
entangled in any legal
issues and the agreement
registered under the -ndian
5egistration Act with the
Flat Promoter needs to be
submitted along with the
application form.
6p to (+
times the
salary of the
individual
7nce during
entire service
tenure
Constructi
on or
purchase
of a at!
house or
plot
%. 2hould have completed
at least , years of
service.
(. &he house should be
registered in the person)s
or his.her spouse)s name
or should be owned 4ointly.
*3 times the
monthly
salary of the
individual
7nce during
entire service
tenure
Repa"ment
of #ome
$oan
%. 2hould have completed
at least %/ years of
employment.
(. &he house should be
registered in the person)s
or his.her spouse)s name
or should be owned 4ointly.
*3 times the
monthly
salary of the
individual
7nce during
entire service
tenure
Alteration
or
Reno%ation
of house
%. 2hould have completed
at least , years of
service.
(. &he house should be
registered in the person)s
or his.her spouse)s name
or should be owned 4ointly.
6p to %(
times the
individual)s
monthly
salary
7nce during
entire service
tenure
Pre&
retirement
%. &he individual must be at
least ,+ years old.
8/0 of the
total corpus
amount
7nce during
entire service
tenure
Withdrawal from EPF after lea%ing an 'rgani(ation
7n switching 4obs! an employee can apply for transfer of money from the EPF
account through a form which is $lled by the employee and attested by the
designated authority at the employer.
Withdrawal of money from the account in between two 4obs is illegal and is
permissible only under the following two circumstances9
When a member is in between two 4obs
-f the member has been unable to $nd another 4ob for over two months
)rie%ance related to withdrawal from EPF
&here is a mechanism to address grievances of EPF members which comes
under the :onsumer Protection Act. &o report a grievance! a member needs to9
;og on to the website www.epfigms.gov.in
:lick 5egister <rievance
Enter the details and information in the speci$ed $eld.
All grievances related to the following sub4ects can be addressed to the
grievance cell9
Withdrawal or $nal settlement of EPF
2cheme certi$cate
&ransfer of accumulated PF amount
-ssuance of PF balance or slip
5eturn or misplacement of che"ue
Payment of insurance bene$t
EPF is the corpus that helps build $nancial stability post retirement. -t is!
therefore! advisable to leave the amount undisturbed during employment
tenure unless the circumstances are unavoidable