Re: Can an employee withdraw his whole PF amount while working in the organization?
An employee cannot with draw the amount from his PF account when he is still in his service. He can only withdraw the amount when he left the service or at the time of attaining 55 years of age. But there is a provision to take loan from the PF accounts and only 75% of the loan amount can be taken from the employees PF accounts. Also the employee can withdraw some amount from the Pf account if any urgency arises such as marriage of the daughter, for medical treatment and for children education. For this you have to submit application before the EPF commissioner. But he cannot get loan or any other amount if he has availed the one of the above mentioned service within the last 5 years.
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