EPFO explains new rules for EPF advances: Check withdrawal limits, conditions and forms
The Employee Provident Fund Organisation (EPFO) has in a post on social media explained the new rules for EPF advances for subscribers, including withdrawal limits, frequency and more.
“Smart guide on new rules on EPF advances. Know all about withdrawal frequency limits and make informed decisions,” it stated in a post this week on X (formerly known as Twitter). According to the detailed guide, the new rules state that up to 75% of EPF balance (employees and employers share with interest), can be withdrawn after completion of 12 months of EPF membership.
Check here: New rules on EPF advances
There are three types of withdrawal claims allowed, and you will be required to state the reason why you want to make a withdrawal. Types of withdrawals allowed are as specified below:
How long does PF withdrawal claim take?
- Online claims for members who have completed full KYC take between three to seven working days, according to the FAQ website.
- Meanwhile, auto-mode eligible claims take 72 hours, it said.
- And offline physical claims submitted to EPFO office can take up to 20 working days.
- Once successfully submitted, claims are generally approved and settled (credited to bank account) within seven to 15 working days.
- You will receive an SMS alert at every stage of the process — submitted, approved, and disbursed.
Disclaimer: This story is for educational purposes only. We advise investors to check with certified experts before making any investment decisions.
