How much can you withdraw from your PF account for your own wedding? Learn the EPFO rules.

According to EPFO rules, an employee can withdraw money from their PF account for their own wedding. To withdraw money from their PF account for their own wedding, an employee must meet certain conditions.

Employed people in India contribute to the Provident Fund, a social security scheme run by the EPFO, for their future. This fund provides financial assistance to employees in emergencies. PF includes contributions from both the employee and the employer. Currently, the government provides 8.15 percent interest on PF accounts. Partial withdrawals from a PF account are also possible if needed. You can withdraw money from your PF account to pay off a loan, in case of an emergency, or for your wedding. Let us now explain how much money you can withdraw from your PF account for your own wedding and what the EPFO rules say about it.

How much money can you withdraw from your PF account for a wedding?

According to the rules of the Employee Provident Fund Organization, an employee can withdraw money from their PF account for their own wedding. However, certain conditions must be met before withdrawing money from their PF account for their own wedding.

To withdraw money from their PF account for their own wedding, an employee must have completed at least seven years of service.

In addition, an employee can withdraw only 50 percent of the total balance in their PF account for their wedding. They cannot withdraw the entire amount from their PF account for their wedding.

Employees can withdraw money from their PF account for their own wedding and the weddings of their family members. However, withdrawals of 50 percent of the balance are only permitted three times.

How can I withdraw money from my PF account?

1. To withdraw money from my PF account, first visit the EPFO's official website: https://unifiedportalmem.epfindia.gov.in/memberinterface.

2. After this, you will have to login on the website by entering your UAN number and password.

3. Now go to the online service and select the claim option.

4. After this, enter the last four digits of the bank account number and sign the certificate, and click on Proceed to Online Claim.

5. Now you will have to enter the amount of money you want to withdraw and upload a scanned copy of the bank passbook or cheque.

6. After address verification and entering the OTP, you will have to submit the claim.

7. After the claim is submitted and the employer's permission is obtained, the money will be transferred to your account.