Can you withdraw your provident fund before retirement?

Recently, one of our readers wanted to know whether they could withdraw a portion of their EPF (Employees' Provident Fund) to buy a house. This got us thinking - besides purchasing a home, are there any other situations where provident fund withdrawals help investors finance their needs? So, we decided to create a table showing the various scenarios where you can withdraw from your EPF. Scenario How much money can you withdraw? What is the minimum period you need to be employed for (in years)? You want to buy a house or a flat Employees can withdraw up to 36 months of their salary + Dearness allowance (DA) or The total share contributed by them and their employer to the EPF + interest or The total cost of the property purchased Whichever is the least in value Five If you want to purchase land for building a house Up to 24 months of your salary + DA Five You want to repay your home loans Up to 36 months of your salary + DA or The total share contributed by both you and your employer to your EPF + interest Whichever

This article was originally published on December 21, 2023.