PF Amount Withdraw- You can withdraw money from PF account for these important tasks, know full details

Friends, if you are a working person then you will know about the Employee Provident Fund (EPF) account which is operated by the Employees Provident Fund Organization (EPFO), this scheme is designed as a long-term savings plan to provide financial assistance to individuals after retirement or in times of urgent need. Under this scheme, 12% of the employee's monthly salary is deposited in their PF (Provident Fund) account, and the government also adds interest to it over time. But do you know that you can withdraw money from it for some special tasks, let's know about these special occasions-

Withdrawal for medical treatment

Purpose: For the treatment of self or family members in case of serious illness.

Eligibility: No minimum service years required.

Required documents: Form 31 and C certificate signed by both the doctor and the account holder.

Limit: Withdrawals can be made up to ₹1,00,000.

Frequency: Withdrawals are allowed multiple times if required for various illnesses.

2. Withdrawal for buying a house or flat

Purpose: Buying a new house, flat or plot of land.

Eligibility: PF account should be at least 3 years old.

Limit: Up to 90% of total PF balance.

Frequency: Once in a lifetime.

Withdrawal for home renovation

Purpose: Renovation or improvement of existing house or flat.

Eligibility: At least 5 years of contribution to PF account.

Limit: Up to 12 times your monthly salary.

Frequency: Twice in a lifetime.

Withdrawal for home loan repayment

Purpose: Repaying home loan when you fall short of money for EMI payments.

Eligibility: At least 3 years of contribution to PF account.

Limit: Up to 90% of total PF balance.

Frequency: Subject to one-time entitlement under this specific reason.