EPF withdrawal rules: You can withdraw EPF before retirement under these circumstances

Most employees working in the corporate sector need pay a monthly contribution towards Employees Provident Fund or EPF, which is one of the key savings schemes under the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952 and falls under the ambit of Employees’ Provident Fund organisation or EPFO.
If you are an employee working in an organisation with over 20 employees, you probably know what is Employees Provident Fund or EPF. In some cases, certain organisations are covered by EPF even if the number of employees is below 20.
As mentioned earlier, an employee working in a corporate-setup has to pay a monthly contribution towards EPF and an equal contribution also comes in from the company and is included as a part of your CTC or cost-to-company. This amount is ideally aimed towards providing a financial cushion after retirement. The monthly deposits from the employer towards his/her EPF and the employer’s contribution earns interest for the former.
Worth mentioning that an employer has to contribute 12 per cent of basic wages and dearness allowance; an equal contribution also comes in from the employees’ pockets. Having said that, there are many who wonder how they can withdraw their EPF at the event of an emergency.
Source: TimesNownews.com