EPFO: Employees can withdraw 100 percent of the money deposited in the Employees Provident Fund Organization after retirement. This fund provides social security to the people working in the organized sector.
EPFO Withdrawal: Employees Provident Fund Organization has crores of account holders across the country who deposit a part of their salary in PF account.
Apart from retirement, you can withdraw this money only in case of emergency. Let us know under which circumstances you can withdraw the money deposited in EPFO.
If you have lost your job then you can withdraw the money deposited in PF. In case of not getting a job for a month, up to 75 percent of the amount deposited in the account can be withdrawn. And on completion of 2 months, 100% amount can be withdrawn.
If you have expenses for your children’s education or marriage, then in such a situation you can withdraw the amount deposited in PF.
A disabled person can withdraw money from PM to buy land or any equipment for himself.
Apart from this, the account holder can also withdraw money from the PF account in case of medical emergency. In this, you can withdraw basic salary up to every 6 months.
Apart from this, PF account holders can withdraw money from PF account to repay home loan, repair house or land or house.
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