CIRCUMSTANCES UNDER WHICH EPF CAN BE WITHDRAWN

There are always times when you may have thought about withdrawing your EPF. However, do you know about the circumstances under which EPF can be withdrawn? If your answer is no then we will help you with it. So, let’s get started.

EPF can be completely withdrawn under any of the following circumstances:

a)       When an individual retires from employment.

b)       When an individual remains unemployed for a period of 2 months or more.

But, there’s a catch.

• For the second point, the fact that the individual is unemployed for more than 2 months has to be certified by a gazetted officer.

• Moreover, complete withdrawal of EPF while switching over from one job to another without remaining unemployed for 2 months or more (i.e., during the interim period between changing jobs), will be against the PF rules and regulations and therefore illegal.

Partial withdrawal of EPF can be done under certain circumstances and subject to certain prescribed conditions:

There you go, now you know when an individual can withdraw her or his EPF.  If you have other queries regarding EPF, then please contact us.