how to withdraw employer share in pf?
Most people know about their Provident Fund (PF/EPF) as money deducted from their salary every month. But not everyone realizes that PF has two parts:
- Employee’s contribution is the amount deducted from your salary.
- Employer’s contribution is the amount your company contributes on your behalf.
When you withdraw PF, you are eligible to take both contributions, but there are some rules depending on your situation.
If you are still working, you cannot withdraw the employer’s share completely. You can only take a loan or partial advance in special cases (medical emergency, home loan, marriage, etc.).
If you have left your job and remain unemployed for 2 months or more. You can withdraw full PF balance (both employee + employer contribution).