Thread by @assetyogi

EPF Withdrawal Rules

The employee can withdraw employees’ Provident Fund (EPF) -
• At the time of retirement (On or after 58 years of age)
OR
• If unemployed for two months or more
OR
•Death before the specified retirement age
OR
#employees #investing #Investment

Unemployment-
• A person can withdraw 75% of his or her provident fund if unemployed for more than a month
• The remaining 25% of the corpus can be withdrawn after 2 months of unemployment

When to Make Partial Withdrawals?

1. Marriage/ Education- served for Min. 7 years- can withdraw 50% of employee’s share + interest
2. Medical Emergency- Any PF Member
3. Construction or purchase of the new house- served for min 5 years- can withdraw 90% of the PF Balance

4. Repayment of Home Loan- served for min 3 years-90% of the PF Balance

5. Renovation of Home- Can be withdrawn after 5 years from the construction of a house- can withdraw 12* Monthly Salary

In case of early retirement (if one reaches 55 years of age)-
90 % of the EPF balance can be withdrawn after the age of 54 years