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A Guide to Withdraw PF Amount Online - EPF or PF Withdrawal Rules 2023

Updated: Jun 22, 2023

The Employees’ Provident Fund (EPF) serves as a vital retirement tool for countless employees, securing their future as they journey through their careers. The Employees Provident Fund Organisation (EPFO) has fixed the interest rate at 8.15% for the financial year 2022-23. There was a hike in the EPF account interest rate by 0.05%. The interest rate for the EPF account was 8.10% for FY 2021-22. EPF or PF Withdrawal Rules 2023, Delve into the world of EPF withdrawals, where your hard-earned savings can be accessed prematurely or when retirement beckons.

EPF or PF Withdrawal Rules 2023
EPF or PF withdrawal

Discovering Financial Flexibility: EPF Withdrawal Guidelines

In the realm of EPF regulations, every eligible employee contributes 12% of their basic salary to this fund monthly, accompanied by an equivalent employer contribution. Over time, these funds diligently accumulate and generate annual interest.

As the years go by and retirement approaches, employees gain the privilege to withdraw their entire EPF account balance. However, there are circumstances where premature withdrawals become a possibility. Let's explore these avenues further.

Opening the Door to Withdrawals: Eligibility Criteria

1. A Safety Net for Unemployment: Should unfortunate joblessness strike, individuals facing unemployment for over a month can withdraw up to 75% of their EPF savings. If the period extends beyond two months, the remaining 25% becomes accessible, alleviating financial burdens during challenging times.

2. Education Empowers: In pursuit of knowledge, EPF account holders can withdraw up to 50% of their total contribution for funding higher education expenses. This provision extends to their children's education costs post class 10. However, a minimum of seven years of EPF contributions is necessary to unlock this opportunity.

3. Celebrating Love and Commitment: On the path to matrimony, EPF account holders can withdraw up to 50% of their employee's share to cover essential expenses for their own wedding or that of their son, daughter, brother, or sister. This privilege materializes after a commendable contribution period of seven years.

4. Assisting Specially-Abled Individuals: A heartening provision awaits specially-abled account holders. They can withdraw either six months of basic wage plus dearness allowance or their employee share with interest, whichever is less, to alleviate the financial strain of acquiring expensive equipment.

5. Confronting Medical Emergencies: In times of urgent medical needs for themselves or immediate family members, EPF account holders can access their funds. The withdrawal amount is limited to six months of basic wage plus dearness allowance or the employee share with interest, depending on whichever is lesser.

6. Relieving Debt Burdens: Individuals burdened by existing debts can find solace within their EPF accounts. After a minimum of ten years of contributions, they can withdraw an amount equal to 36 months of basic wage plus dearness allowance, or the combined total of their employee and employer shares along with interest.

7. Building Your Haven: Dreaming of a residential property or land plot? EPF withdrawal rules encompass this aspiration as well. Account holders have the opportunity to make a premature withdrawal to purchase empty land or prefabricated houses, taking them one step closer to fulfilling their housing dreams.

Embracing New Horizons: EPF Withdrawal Rules 2023

In the wake of the COVID-19 pandemic, the Employees’ Provident Fund Organization (EPFO) has revised its regulations to grant subscribers easier access to their PF funds during times of financial hardship. These changes aim to provide relief to those in need.

Under the revamped guidelines, PF account holders can now withdraw an amount equivalent to three months of their basic salary plus dearness allowance or 75% of the net balance in their EPF account, whichever is lower.

Keep in mind that while employed, complete or partial withdrawal from your PF account is restricted. However, if you find yourself without a job for at least a month, you can access up to 75% of your funds. If the unemployment persists for two months or longer, you are eligible to withdraw the remaining balance.

Submitting withdrawal requests has never been easier, thanks to online platforms. EPF account holders can now conveniently initiate their requests, which are typically processed within three working days. For those preferring offline claims, please anticipate a processing period of up to 20 days.

Your EPF savings hold the key to financial security and freedom, both during your working years and beyond. By understanding the diverse withdrawal options available, you can make informed decisions, ensuring your hard-earned savings fulfill your dreams when the time is right.

How to Apply for EPF Withdrawal?

EPF withdrawal can be initiated through a physical or online application, offering convenience and flexibility.

Physical Application

To withdraw your EPF balance, download the Composite Claim Form (Aadhaar) or Composite Claim Form (non-Aadhaar).

If your Aadhaar and bank details are linked on the UAN portal and your UAN is activated, utilize the Composite Claim Form (Aadhaar) without requiring employer attestation. Submit the form directly to the respective jurisdictional EPFO office.

For those whose Aadhaar and bank details are not linked, fill the Composite Claim Form (non-Aadhaar) and submit it with employer attestation to the respective jurisdictional EPFO office.

Online Application

Enjoy the ease and efficiency of the EPFO's online withdrawal facility, simplifying the process.

To apply for EPF withdrawal online through the UAN portal, ensure the following conditions are met:

1. Activated Universal Account Number (UAN) linked to a working mobile number used during activation.

2. UAN linked with your KYC details, including Aadhaar, PAN, bank details, and IFSC code.

Step-by-Step Guide for Online EPF Withdrawal Application on UAN Portal

1. Visit the UAN portal.

2. Log in using your UAN and password. Enter the captcha and click 'Sign In.'

3. Navigate to the 'Manage' tab and select 'KYC' to verify your KYC details (Aadhaar, PAN, and bank details).

4. Once KYC details are verified, go to the 'Online Services' tab and choose 'Claim (Form-31, 19, 10C & 10D)' from the drop-down menu.

5. Enter your bank account number and click 'Verify.'

6. Sign the certificate of undertaking and proceed.

7. Click 'Proceed for Online Claim.'

8. Select the desired claim type: full EPF settlement, EPF part withdrawal (loan/advance), or pension withdrawal under 'I Want To Apply For.'

9. Choose 'PF Advance (Form 31)' for fund withdrawal. Specify the purpose of the advance, required amount, and employee's address.

10. Submit your application and await employer approval. The funds will be credited to your bank account within 15-20 days.

Note:- If you meet the specified conditions, previous employer attestation is not required for the withdrawal application.

EPF withdrawal Eligibility criteria is as follows:

1. Full withdrawal is allowed upon retirement, with early retirement considered after the age of 55.

2. Partial withdrawal is permitted for specific purposes, including medical emergencies, home acquisition or construction, and higher education.

3. The EPFO allows 90% withdrawal of the entire corpus one year before retirement.

4. In the case of layoffs or retrenchment, employees can withdraw their EPF corpus.

5. After one month of unemployment, employees can withdraw up to 75% of the corpus, with the remaining funds transferred to a new EPF account upon securing new employment.

6. Employees no longer require employer permission to withdraw their EPF. Online authorization is granted by linking UAN and Aadhaar to the EPF account.

Note:- When initiating an online claim, ensure the possession of PAN and Aadhaar details, an active UAN number, and bank details linked to the UAN.

EPF Withdrawal Timeframes

EPF account holders have the flexibility to make partial or complete withdrawals.

Full withdrawal of EPF balance is permitted in the following cases:

1. Retirement.

2. Unemployment exceeding two months, with attestation from a gazetted officer required for withdrawal.

EPF Partial Withdrawal

EPF account holders have the flexibility to make partial withdrawals under specific circumstances.

Withdrawal Limits and Eligibility Criteria for Various Reasons

Reason for Withdrawal

Withdrawal Limit

Eligibility/Minimum Service

Medical purposes (self, spouse, children, or parents)

a) Six times the monthly basic salary or

b) The total employee's share plus interest

No eligibility

Marriage (self, child, siblings)

Up to 50% of the employee's share of contribution to EPF

7 years

Higher education (self or child)

Up to 50% of the employee's share of contribution to EPF

7 years

Construction or purchase of a house/land

Withdraw up to 24 times the monthly basic salary for land and up to 36 times for a house, including dearness allowance

5 years

Home loan repayment

Access 90% of PF accumulations

10 years

House renovation

Withdraw up to 12 times the monthly wage

5 years

Partial withdrawal before retirement

Up to 90% of the total accumulated balance, provided the employee is above 54 years of age

1 year before retirement

EPF Withdrawal Taxability

Withdrawal of the EPF corpus is tax-free under specific conditions. To qualify for tax exemption, an employee must contribute to the EPF account for five consecutive years. If there is a break in contributions for five years, the EPF amount becomes taxable for that financial year.

For premature EPF withdrawals, tax is deducted at source. However, no TDS is deducted if the amount is below Rs 50,000. Withdrawals exceeding this amount require a PAN card.

Employees not liable to pay taxes, even after additional withdrawal, can submit Form 15G/15H along with their PAN number to avoid TDS charges. However, if an employee falls into the tax bracket, Form 15G/15H cannot be submitted, and 10% TDS is deducted. Failure to provide PAN number for withdrawals above Rs. 50,000 results in a high TDS deduction of 34%.

Documents Required for EPF Withdrawal

To initiate a PF withdrawal, the following documents are necessary:

  • Universal Account Number (UAN)

  • Accurate bank account information under the account holder's name

  • Employer-provided employee information to the EPFO, including joining and leaving dates

  • Employee's personal information matching their identity proof, such as date of birth and father's name

EPF Withdrawal Claim Form

Various forms are required for different purposes within the Employees' Provident Fund (EPF) scheme. The specific EPF form needed will depend on the intended purpose.

The following forms serve specific functions:

Forms Specific Function

Form 2: Nomination for the EPF and Employees’ Pension Scheme​

​Form 5: Registration form for new employees for EPS and EPF

​Form 5(IF): For claiming assured benefits of employees’ deposit-linked insurance

Form 10C: Used for claiming the scheme certificate or pension withdrawal.

Form 10D: Used for claiming the scheme certificate or pension withdrawal

Form 11: Facilitates the automatic transfer of EPF

Form 14: Required for financing a LIC policy from the PF account

Form 15G: Enables the prevention of TDS on interest generated from EPF

​Form 19: Used for the settlement of EPF

Form 20: For claiming PF by the nominee in case of the employee’s death

​Form 31: Withdrawal of EPF


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