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EPF is an investment plan designed with retirement in mind and should be avoided except for an emergency. Understand terms and conditions for EPF withdrawals in the event of a medical emergency, home loan, retirement, marriage, and other circumstances.
EPF Withdrawal Rules and Conditions 2025
Employment Status
An individual cannot withdraw partial or complete PF amount as long as he or she is employed.
Unemployment
One can withdraw 75% of the amount if they are unemployed for at least one month. They can access the entire balance if they have been unemployed for a period of two months or more.
Premature Withdrawal
Any provident fund withdrawals made within five years of the account’s creation are subject to taxes. However, there won’t be any TDS charged if you remove less than ₹50,000.
TDS will be charged if you withdraw more than ₹50,000 within five years after starting your EPF account. The charge will be 10% if you present your PAN card and 30% if you do not.
Full Withdrawal
Individuals are eligible to withdraw the complete PF amount if they have been unemployed for more than two months or if the new work begins more than two months after they leave their previous employer.
Job Changes
You are not required to transfer your previous PF balance to your new account immediately when you change jobs. The transfer procedure can begin once your Universal Account Number (UAN) is activated and the required paperwork is submitted.
PF Withdrawal after Retirement
According to the EPF Act, a member must apply for his final settlement claim when he retires at the age of 58. He or she also qualifies for the EPS amount if the member has continued to serve for more than ten years.
The member may withdraw the entire amount of EPS along with his/her EPF if he/she has not yet reached the 10-year mark at the time of retirement. Following retirement, the corpus accumulated in the EPF account can be withdrawn entirely tax-free.
PF Withdrawal for Home Loan Repayment
EPF members can use the money collected in their account to help with their housing needs after three years of opening an account. EPF members may request a withdrawal of up to 90% of their accumulated corpus to build a new home, pay EMIs, or put a down payment on a home loan. This is done under the Paragraph 68-BD in the EPF Scheme, 1952.
(Edited by : Sudarsanan Mani)