PF withdrawal rules: Know service period, 75% limit and unemployment benefits
1/5
Has the minimum service period for PF withdrawal changed?
Yes. The minimum eligible service period has been reduced to just 12 months for all categories of withdrawals. Earlier, members had to complete different service periods ranging up to seven years.
2/5
How much PF money can be withdrawn under the new rules?
EPF members can now withdraw up to 75% of the eligible PF balance at any time without submitting any documents. EPFO has made it mandatory to retain 25% of the PF balance to ensure members have a minimum retirement corpus.
3/5
What are the PF withdrawal rules in case of unemployment?
In case of unemployment, 75% of the PF balance can be withdrawn immediately. The remaining 25% can be withdrawn after one year.
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4/5
Is full PF withdrawal still allowed?
Yes. 100% PF withdrawal is allowed in special situations such as:
Retirement after attaining 55 years
Permanent disability or incapacity to work
Retrenchment or voluntary retirement
Permanent migration outside India
Death of the member
Retirement after attaining 55 years
Permanent disability or incapacity to work
Retrenchment or voluntary retirement
Permanent migration outside India
Death of the member
5/5
What has changed in EPS (pension) withdrawal rules?
Earlier, members could withdraw their pension accumulation after just two months, often ending their eligibility for future pension. Now, EPS withdrawal is allowed after 36 months, encouraging members to remain in the pension system longer.