How Many Times We Can Withdraw PF Advance ?

If you want to know

how many times we can withdraw PF advance for illness. Let me help you.

In 2023, the Employees’ Provident Fund Organization (EPFO) changed the Provident Fund (PF) withdrawal. The new rules allow PF account holders to withdraw three months of their basic pay + dearness allowance, or 75% of the account's amount.

To answer your question:

how many times i can withdraw PF, I have shared complete details below:

You can request the withdrawal through form EPF 15g

.

The online claims are settled by three business days while offline claims can take up to twenty days.

You can withdraw the EPF after 2 months of continuous unemployment.

During service, you can withdraw PF for specific purposes like illness, buying a house, education, or marriage. You can withdraw up to three times with a minimum interval of five years from the previous withdrawal.

For PF advance for illness, you can apply up to 6 times a year. The PF withdrawal takes 10 days to proceed from the date of claim submission.

This is all about how many times we can withdraw PF advance for illness.

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I hope you know, you can make the EPF withdrawals in full or in part. When a person retires or is unemployed for longer than two months, they can withdraw their whole balance. However, in some situations, such as for marriage, medical reasons, home loan repayment, etc., a partial EPF withdrawal is allowed. So, your question is how many times we can withdraw PF advance? As far as I know, it depends on the reason for withdrawal and meeting certain eligibility criteria.

How Many Times We Can Withdraw PF Advance for Illness?

There is no restriction on the PF advance withdrawal for medical treatment of the member or their family. The amount is usually limited to six times the monthly basic salary or the total employee share with interest, whichever is lower.

1. A member can withdraw up to 50% of the employee\'s contribution with interest. This can be availed a maximum of three times during the entire service period.

2. A member can withdraw for purchasing a house or land after completing five years of service. This withdrawal can be made only once during the service period.

3. Withdrawal for renovation of a house can be done twice during the service tenure after completing five years from the house purchase or construction.

4. In case of job loss, members can withdraw up to 75% of the total PF balance after one month of unemployment. The remaining balance can be withdrawn after two months of unemployment.

5. A member can withdraw 90% of the PF balance one year before retirement.

This is all about how many times can we withdraw PF advance.

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EPF KYC Approval Pending Completion Process

Hi Rachita, I know how many times we can withdraw PF advance for illness and can tell you about it. As others also stated, you are allowed to withdraw your PF in advance three times. But, when it comes to the treatment of illness, EPF hasn't specified the number of withdrawals that are allowed. I shall describe the set parameters and the other requirements needed for the advance withdrawal of PF. Continue reading to gain the complete information.

How many Times can we Withdraw PF Advance?

The EPFO has made guidelines and provisions for the occasions when you are allowed to withdraw.

Here are all the details

• Purchase of house/flat/construction of house including acquisition of site 

1. Membership Period Required: 5 Years

2. Amount Admissible: For purchase of site: 24 months’ basic wages and DA/for purchase of house/flat/construction: 36 months’ basic wages and DA OR the total of employee and employer share with interest OR the total cost, whichever is least.

3. Number of Withdrawals Allowed: 1

4. Document Required With Form 31: Declaration form from the member.

• For marriage of self/daughter/son/brother/sister

1. Membership Period Required: 7 Years

2. Amount Admissible: 50% of employee share with interest

3. Number of Withdrawals Allowed: 3

4. Document Required With Form 31: Declaration form from the member.

• For post matriculation education of son/daughter

1. Membership Period Required: 7 Years

2. Amount Admissible: 50% of employee share with interest

3. Number of Withdrawals Allowed: 3

4. Document Required With Form 31: Declaration form from member.A certified regarding the course of study and estimated expenditure from the HOD.

• For own treatment/For treatment of family

1. Membership Period Required: N/A

2. Amount Admissible: 6 months basic wages and DA or Employee Share with interest whichever is lower

3. Number of Withdrawals Allowed: N/A

4. Document Required With Form 31: Certificate C signed by employer and doctor.

This is all. I hope you now know how many times we can take PF advance.

Shrishti Ji has already mentioned how many times we can withdraw pf advance in a year and I totally agree with her. An individual can withdraw PF advance twice a year in general from 2020 but yes, one has to look after the cause of withdrawal as well. Recently, I came to learn a different answer to the question how many times pf advance withdrawal from a friend. He said that a person can apply for PF advance for illness up to six times a year. Hence, I will suggest you go through the PF withdrawal rules thoroughly before planning to withdraw money from the account. Read this answer to know more about it.

How many times we can withdraw pf advance in a month?

I am not sure about the withdrawal limit per month but if an individual wants to withdraw PF during service, for reasons like

• Illness

• Buying a property

• Education

• Marriage

He or she can withdraw up to three times, but each time has to be after five years from the previous withdrawal. So if you withdraw your PF amount twice this year, you will be eligible to withdraw once again in 2028. I think this also answers how many times we can withdraw PF advance for construction. It is three times. So if you ask me, can we withdraw Padvance twice in a month, I will say Yes, you can. But to know the exact details, ask the bank officials about it and state your reason for the same.

The latest PF withdrawal norms are as follows-

• One cannot withdraw his/her PF fund fully or partially until they are employed.

• One can withdraw75% of the amount in case they are unemployed for at least one month and the remaining amount in case he/she is unemployed for two or more months

• If one plans to withdraw Rs 50,000 or more from the corpus within 5 years of opening the PF account, TDS of 10% will be levied upon withdrawal

• You can avoid paying TDS by filling Form 15H and Form 15G

• You can avail of a loan against PF savings if you have been in continuous service for the stipulated period of time

The PF withdrawal rules must be clear to you by now.

Hey friend,

I see you want to know how many times we can withdraw PF advance. The full form of the term PF is Provident Fund. Over the years, Employees’ Provident Fund Organization (EPFO) have made some changes regarding its provisions to withdraw funds. Keep reading to know more.

According to the latest rules introduced by the Labor Ministry, an individual can make withdrawal from the Provident Fund (PF) account twice. Members can make a second non-refundable advance from their EPF accounts. This change was considered to be incredibly helpful during the COVID lockdown.

People who have a PF account can withdraw money that is equal to three months of their basic salary plus dearness allowance or 75% of the net balance in their PF or EPF account (depending on what is lower).

The provision to withdraw money from EPF accounts was introduced under the Pradhan Mantri Garib Kalyan Yojana (PMGKY) in 2020. Before 2021, EPF members were allowed to make a one-time advance withdrawal.

There are 3 types of EPF advance withdrawal, they are listed below :

• PF final settlement

• Pension withdrawal benefit

• PF partial withdrawal

Take a look at the table given below to know how many times PF can be withdrawn. 

This is all from my end on how many times we can withdraw PF advance.

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