Conditions Under Which You Can Withdraw From Your Employees' Provident Fund (EPF) Account

Employees' Provident Fund or EPF is a government-run pension scheme focused on salaried individuals. Currently, investment in EPF fetches interest at the rate of 8.65 per cent. In EPF, a mandatory contribution is deducted from the salary of an employee and contributed towards the provident fund. Employees' Provident Fund Organization (EPFO), the nodal agency that monitors EPF contributions, allows the subscriber - or employees of an organisation of 20 or more individuals - to make a partial withdrawal or "advance" from a PF corpus under certain conditions, according to its website - epfindia.gov.in.The subscribers can put a claim for 'advance' withdrawal online via EPFO's website - unifiedportal-mem.epfindia.gov.in. The claim is then forwar ...