New Delhi, Sept. 12 -- There can be situations when you need to access your retirement savings before exiting the workforce, especially if you do not have enough money set aside for emergencies. These could include funding medical expenses, a family member's education or marriage, or even getting your house renovated.

The Employees' Provident Fund Organisation (EPFO) allows members to make partial withdrawals, known as EPF advances, for certain purposes, with eligibility conditions and limits on how often they can be claimed.

However, one must remember that if provident fund is withdrawn before completing five years of continuous service and the withdrawal amount exceeds Rs.50,000 in a financial year, it becomes taxable. Here are some o...