Want to withdraw money from PF account? Here’s how to avoid THESE mistakes

However, looking at the dastardly effects of the COVID-19 pandemic, EPFO has now allowed the members to withdraw a certain amount from the PF account in case of the COVID-19 crisis or in the case of unemployment. EPF account yields a return of 8.5% annually. 

Provident Fund (PF) is an important saving instrument for the working class as it provides a good interest rate. The contribution is made from both employers and employees with 10% each from the basic salary of the employee.  It also comes in handy in case of emergencies as a certain percentage of the amount can always be taken out from the PF account. It can be withdrawn during retirement, or resignation. However, looking at the dastardly effects of the COVID-19 pandemic, EPFO has now allowed the members to withdraw a certain amount from the PF account in case of the COVID-19 crisis or in the case of unemployment. EPF account yields a return of 8.5% annually.