Can an employee withdraw their EPF balance while employed?

The ability for an employee to withdraw their EPF balance while still employed is indeed possible, but it is limited to specific circumstances. This refers to scenarios that address particular needs of the employee, such as health issues or pursuing further education.

In the case of health issues, if an employee faces a medical condition requiring financial assistance for treatment, they may be eligible to withdraw a portion of their EPF savings. Similarly, if an employee intends to further their education, there are provisions that allow for the withdrawal of EPF funds to cover the expenses related to their studies.

This framework is designed to allow for flexibility while ensuring that the funds are utilized for significant and urgent needs, rather than permitting withdrawals at the employee's discretion for any purpose, which could jeopardize their long-term retirement savings. Therefore, the nuances of the correct answer highlight the responsible management of these funds and the specific conditions under which they may be accessed while still employed.