Now, you can draw easily from GPF for education, housing. But should you?

Touch your pension fund only in case of dire need, not to fund consumption expenditure

The central government has amended the provisions of the General Provident Fund (Central Service) Rules, 1960, to make it easier for employees to withdraw from their GPF. Changes have been brought about in the following categories: education, obligatory expenses, illnesses and purchase of consumer durables.

Earlier, while government employees could withdraw from the GPF only for higher education, the rules have now been eased to allow withdrawals for primary, secondary and higher education for all streams and institutions.

Earlier, an employee could withdraw three months' pay or half the amount of credit, whichever was less. This limit has now been