EPF Withdrawal before Retirement
EPF can be also withdrawn well before the retirement but to withdraw EPF you should be eligible and should have satisfied all the criteria listed below
- Should be atleast 54 years of age
- Due for retirement is one year’s time
- Only once this option can be availed
- 90% of Balance can be withdrawn (Both Employer & Employee’s share)
Amount will be paid directly to employee and a Form31 claim should be submitted stating the retirement date!