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How to withdraw your EPF money online

on June 20, 2020 Economic Times Finance Financial Security Personal Finance PF

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Coronavirus Live Updates: India nears 2.8 lakh confirmed cases and 8000 deaths

on June 11, 2020

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How to withdraw your EPF money online

The Employees' Provident Fund (EPF) rules allow you to withdraw from your EPF account for various reasons. You can withdraw money from your EPF account upon retirement after attainting the age of 55 years. You can also withdraw money from your EPF account for various purposes before retirement. These include purchasing a house, child's wedding and education, and funding financial emergencies caused due to the coronavirus-induced lockdown. You are also allowed to file a claim due to job loss or after you leave your job. However, before filing a claim, you should make sure that the prescribed conditions under the EPF scheme are met. Eligibility to file withdrawal Puneet Gupta, Director, People Advisory Services, EY India lists out the basic conditions that must be satisfied by an EPF member before filing for applicable advance or withdrawal from the EPF account: Other than the above-mentioned reasons, an individual can also claim applicable advance or withdrawal from the EPF a...

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