PF Withdrawal Rule: Money is suddenly needed. Funds are deposited in the PF account. Know how much money can be withdrawn from the PF account in a year.

PF Withdrawal Rule: Money is suddenly needed. Funds are deposited in the PF account. Know how much money can be withdrawn from the PF account in a year.

All the employed people in India have PF accounts. PF accounts are operated by the EPFO ​​​​institute under the Ministry of Labor and Employment of the Government of India.

PF accounts are a better savings scheme for the future. Every month 12% of the employee's salary is contributed. The same contribution is made by the employer.

A good amount of interest is also given by the government in PF accounts. With its help, you can deposit a good fund for the future.

So along with this, withdrawals can also be made from PF accounts at the time of need. EPFO has made some rules regarding this. Under the regulations, you can withdraw this much money from the PF account in a year.

Whenever needed, you can withdraw up to 50% of the amount present in your PF account for some work. However, for this, your service must be 7 years.

If you want to buy your house, then you can withdraw up to 90% of the balance of the PF account. But for that, 5 years of service is necessary.

So along with this, in case of a medical emergency, you can withdraw the entire contribution made to the account and the interest received on it. So along with this, you can withdraw up to 6 times your monthly salary.