Provident Fund, a social security scheme run by EPFO, creates a retirement fund which helps you financially in case of emergency. PF account also gives you the facility of partial withdrawal. Through this, you can withdraw money from the money deposited in it for many purposes. For example, if you have to pay the loan amount, then you can withdraw money from PF for this also. But many types of rules have also been made regarding this.
can withdraw money
This also includes how many times you can withdraw money for what reason. If you also want to withdraw money from PF, then you should also know about some conditions. If you are getting married and you need to withdraw money many times, can you withdraw money? Let us tell you about this in detail.
PF Subscribers
PF subscribers are also eligible for partial withdrawal after completing a period. For example, if you want to build a house with EPFO money, repay a loan or for treatment of special diseases or for the marriage of a family member, then you are allowed partial withdrawal. Apart from this, you can also withdraw money for other reasons.
can withdraw money
For information, let us tell you that even though EPFO gives you the facility of partial withdrawal for many reasons, there are many conditions on it too. For many reasons, you are allowed to withdraw money only once. But in some cases, you get the facility to withdraw money more than once. That is, you can withdraw money more than once for the same work. If you want to withdraw money from PF for the marriage of brother-sister or son-daughter, then you can make partial withdrawal three times. But you can withdraw money only when your PF account has been open for 7 years.
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