The Employees’ Provident Fund (EPF) serves as a financial safety net for employees, helping them during emergencies, unemployment, or retirement. The Employees’ Provident Fund Organization (EPFO) has set specific rules for PF withdrawals, determining how much money can be withdrawn and under what conditions.
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PF Withdrawal Rules Explained
1. Unemployment (Job Loss or Resignation)
- If an employee is unemployed for more than 1 month, they can withdraw 75% of the PF balance.
- The remaining 25% can be withdrawn after 2 months of unemployment.
2. Company Closure (Shutdown for 6 Months)
- If an employee’s company is closed for 6 months, they can withdraw 100% of the PF balance.
- If the company reopens, the withdrawn amount must be redeposited in 36 installments.
3. Layoff or Termination
- If an employee is fired from their job, they can withdraw up to 50% of their PF balance.
4. Work Halted for More Than 15 Days
- If work stops for more than 15 days due to an emergency (such as strikes or financial issues), employees can withdraw 100% of their PF balance.
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5. Retirement Withdrawal
Employees can withdraw their PF balance after retirement in two ways:
Lump-Sum Withdrawal: The employee can withdraw 100% of their PF balance at once.
EPS Pension Option: Instead of withdrawing the full amount, employees can opt for a fixed pension under the Employees’ Pension Scheme (EPS).
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How to Withdraw PF Online?
Employees can apply for PF withdrawal online through the EPFO portal by following these steps:
Visit https://unifiedportal-mem.epfindia.gov.in/
Login with UAN and password
Select “Claim (Form-31, 19, 10C & 10D)” under the ‘Online Services’ tab
Enter bank details and verify OTP
Submit withdrawal request
Note: The Universal Account Number (UAN) must be linked with Aadhaar, PAN, and bank account for a smooth withdrawal process.
Key Takeaways
PF funds can be withdrawn during unemployment, company closure, or layoffs.
Employees have multiple options post-retirement, including a one-time withdrawal or pension scheme.
Online withdrawals are quick and easy via the EPFO portal.
For more details, visit the EPFO website or check with your HR department. 
