Now, withdraw up to Rs 1 lakh from your PF, even within 6 months of joining

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Now, withdraw up to Rs 1 lakh from your PF, even within 6 months of joining - Business Standard

Quick Summary:

Select Form 31 for partial withdrawal (for emergency reasons) and choose the reason for withdrawal from the list (for example: medical treatment, education, etc.).

Under the Employees’ Provident Funds and Miscellaneous Provisions Act of 1952, companies with 20 or more employees must contribute to provident funds.

One key change is that new employees can now withdraw funds without needing to wait six months, unlike the previous rules that restricted early access.