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EPF Partial Amount Withdrawal: Many times in life, such situations arise when you need a lot of money and a person has to take a loan for it. But if you are employed and contribute to EPFO ​​every month, then if needed, you can make a partial withdrawal from EPFO ​​​​even during the job and fulfill the need for money. EPFO ​​​​provides the facility of withdrawal of money to the members even during the job amid many situations. Here know in which situations you can make a partial withdrawal from the EPF account.

For house or land
If you have been contributing to the EPFO ​​​​account for five consecutive years, then you can make a partial withdrawal from EPFO ​​​​with some conditions. If you want to withdraw money from PF to buy a plot or house, then you can withdraw up to 24 times the monthly salary and for both buying and building a house, you can withdraw up to 36 times the monthly salary.

EPFO Housing Scheme is also an option
If you want, you can withdraw 90% of the total amount of EPFO ​​under the EPFO ​​Housing Scheme to fulfill your needs like buying a house, etc. But for this, you must be a member of a 10-member cooperative or a society formed for housing purposes. Also, a contribution to EPF for three years is necessary. But if the PF money in your PF account is less than 20 thousand, then you cannot take advantage of this scheme.

For the renovation of a house or to repay home loan
After continuously contributing to EPF for 5 years, you can also withdraw money for the renovation of the house. This amount can be up to 12 times the monthly salary. If the employee has served for a minimum of 3 years, then he can withdraw money to pay a home loan. In such a case, he can withdraw up to 90% of the PF balance.

For medical treatment
There is no condition regarding the period for emergencies like treatment of serious illness, permanent disability due to an accident during work, closure of the company, etc. If the EPF account holder wants, he can withdraw the entire amount of EPF for his or his family's treatment, but for this, he will have to provide proof of hospitalization for one month or more.

For marriage and education
If your sister, daughter, son, or any family member is getting married or you want to make a partial withdrawal from EPF for your or your children's education, then in both situations you must have 7 years of service. After 7 years of service, you can withdraw up to 50 percent of your contribution along with interest.

On losing the job
If the company remains closed for more than 15 days, the employee can withdraw his entire share of the EPF amount anytime. If you have lost your job or have quit it and want to withdraw the funds after a month, you can withdraw up to 75% of the amount. The balance amount will be transferred to your new EPF account when you get a new job. But if you remain unemployed for two months continuously, you can withdraw the entire PF amount.

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