Employees can withdraw Provident Fund for specific needs

Employees can withdraw from their Provident Fund (PF) for specific needs, but it is not a traditional loan. The Employees' Provident Fund Organisation (EPFO) allows advances for medical emergencies, education, home purchases, and other qualifying reasons. Withdrawals do not require repayment, but they are subject to EPFO conditions. Employees aged 54 or older can withdraw up to 90% of their PF balance before retirement. For those who do not qualify for a PF advance, other loan options are available. Personal loans can be obtained through online platforms, offering quick access to funds.