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EPFO has outlined new rules for advances, including withdrawal limits and frequency. Members with at least 12 months of membership may withdraw up to 75% of their EPF balance, including employee and employer contributions with interest.
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The Employee Provident Fund Organisation (EPFO) has in a post on social media explained the new rules for EPF advances for subscribers, including withdrawal limits, frequency and more.
“Smart guide on new rules on EPF advances. Know all about withdrawal frequency limits and make informed decisions,” it stated in a post this week on X (formerly known as Twitter). According to the detailed guide, the new rules state that up to 75% of EPF balance (employees and employers share with interest), can be withdrawn after completion of 12 months of EPF membership.
Check here: New rules on EPF advances
There are three types of withdrawal claims allowed, and you will be required to state the reason why you want to make a withdrawal. Types of withdrawals allowed are as specified below:
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| Category I: Essential Needs | |
| Illness (self and family) | No limit |
| Education (self and family) | Up to 10 times during membership |
| Marriage (self and family) | Up to 5 times during membership |
| Category II: Housing related needs | |
| Purchase of house / flat / site | Up to 5 times during membership |
| Construction of house | Up to 5 times during membership |
| Repayment of home loan | Up to 5 times during membership |
| Renovation / alteration / improvement | Up to 5 times during membership |
| Category III: Special circumstances | |
| Special circumstances as notified by the Central Board, EPF | Up to 2 times in a financial year |
EPF withdrawal rules: Key highlights
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