Can Employee withdraw partially from his Employee Provident Fund's Account?
on the following condition.
1)Employee's two years service is remaining as on today. 2) the purpose of withdrawal of Provident Fund is marriage of her daughter. 3) Amount to be withdrawn is Rs.3,00,000=00 (Rupee Three Lakhs only)
Please note that employee wants to withdraw from his provident fund's a/c and need not wants loan.
13 December 2021
EPFO allows withdrawal of 90% of the EPF corpus 1 year before retirement, provided the person is not less than 54 years old. Withdrawal for daughter's marriage allowed considering it as loan.
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