No Need for Nod to Draw PF Cash in Emergencies

According to changes being worked on, a member can self-approve their claim for the emergency withdrawal

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ovation or construction of a house. A member can also withdraw entirely from the fund if they have been out of employment for two months in a row since the last job.

These conditions will continue to apply, the official said. For instance, members can pay off home loans by withdrawing up to 90% of their provident fund corpus if the house is registered in their name or held jointly with others, provided he or she has completed three years of service.

For medical exigencies, a member can withdraw either their total PF contribution with interest or up to six times their monthly salary, whichever is less.

EPFO savings are a critical source of social security for employees. An employer and worker both are required by law to contribute 12% of a person's basic salary towards a corpus managed by the EPFO.