All the people who work in India. All of them have a PF account. This service run by EPFO is a kind of future savings scheme. 12 % of the salary is deposited in this account every month. On which interest is also given by the government. PF account is not only used as a savings scheme for your future. Rather you can withdraw money from it whenever you need. For this you have to follow some rules. And some important conditions have to be met. Only then can you withdraw money from your account. So let’s say how many times you can withdraw money from PF account.
Health is an important part of everyone’s life. If a PF account holder needs immediate money for treatment. So they can withdraw from PF account. For this, Form 31 will have to be submitted and Certificate will also have to be submitted. On which the signature of the doctor and the account holder is necessary. Treatment can cost up to Rs 100000 at a time. Often people need money to buy a house. In this way you can withdraw money from your PF account. The condition required for this is that your PF account should be 3 years old. You can withdraw 90 percent of the total amount to buy a house. Let us tell you that you can take advantage of this facility only once.
Apart from buying home and land, if you are renewing your flat or house. So for that too you can withdraw money from PF account. For this, it is important that you have contributed to your PF account for 5 years. You can remove up to 12 times your monthly salary for renewal. You can take advantage of this facility only twice. If you have taken a home loan and you are getting out of money to repay EMI. So you can withdraw money from PF account for this. For this, you need at least 3 years contribution to PF account. For this, you can withdraw a total amount from PF funds. Often people do not have enough money for marriage. In such a situation, PF account can help them. Any employee can withdraw from the account with up to 50% of the marriage contribution.
