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10 Conditions And Rules To Withdrawl Provident Fund Money From Account

By, Muhd. Faizan

Date - 13/08/2023

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Age

You can withdraw your entire EPF balance after you have attained the age of 58 years.

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Service

You must have completed at least 5 years of continuous service to be eligible for a partial withdrawal of your EPF balance.

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Termination of employment

If you are terminated from your employment due to reasons beyond your control, such as ill health or closure of the company, you can withdraw your entire EPF balance.

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Retirement

If you are retiring from your job, you can withdraw your entire EPF balance.

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Death

If you die, your nominee or legal heirs can withdraw your entire EPF balance.

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House purchase

You can withdraw up to 25% of your EPF balance to purchase a house or construct a house.

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Education

You can withdraw up to 10% of your EPF balance for the education of your children or yourself.

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Medical treatment

You can withdraw up to 75% of your EPF balance for medical treatment of yourself or your family members.

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Pension scheme

You can withdraw up to 80% of your EPF balance to subscribe to a pension scheme.

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Other reasons

There are a few other reasons under which you may be eligible to withdraw your EPF balance, such as permanent disability, bankruptcy, and natural calamities.

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