Pf account withdraw rules: All the job professions in the country are people. Almost everyone has PF accounts. In the PF account, 12% of the salary of the employees is deposited and the same contribution is given by the company. PF account is also used as a savings account in a way. Interest is also received from the government on the amount deposited in it.
Not only this, if you suddenly need money for some work. Then you can also withdraw from your PF account. For which tasks you can withdraw money from PF account. And how much limit can you do, let us tell you complete information.
in You can withdraw money for tasks
All PF accounts in India are operated by EPFO. Under the rules of EPFO, you are also given the facility to withdraw money in emergency situation. If we talk about it, you can withdraw money for different needs. If you want to buy a house. Or want to get it repaired. So you can withdraw money for him. You can withdraw money for your children’s school-college studies.
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Apart from this, you can withdraw money for your children and siblings. You can withdraw money for your own treatment and for family treatment .. If you want to travel abroad. So you can withdraw money for that too. At the same time, even if you are unemployed for more than a month, you can withdraw money.
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You can withdraw money till such a limit
Where you get the facility to withdraw money from PF account in emergency situation. So a limit has also been fixed in it. To buy a house, to build and repair it, you have 36 times the total deposit of 5 years or in the account. Whatever is less of these, they can come out. For children’s education, you can withdraw up to 50% of the deposit of up to 7 years.
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For marriage too, you can withdraw up to 50% of the deposit amount for the same year. For treatment, you are 6 times the total deposit or whatever the total deposit is. You can withdraw according to the amount of treatment. And you remain unemployed for 1 month. So you can remove your 75% PF. At the same time, if you want to get higher education. And want to do it like this. So for this you have to take separate permission.
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