EPFO UPDATE: If you’re receiving PF deductions while working in a private industry, don’t panic. The government is currently overseeing multiple schemes for PF employees. You might not be familiar with these schemes. Therefore, if your EPF account is open with EPFO, it’s crucial to understand the important details, as this will clear up any confusion.
EPFO has made a significant change to the rule for PF employees. This is enough to win everyone’s heart. At the same time, the new EPFO rules have made it easier for PF employees to receive assistance of up to one lakh rupees. As a result, employees will not face any problems. EPFO can now get this work done for medical, educational, marriage, and housing purposes, which is important to know.
We also provide an automode settlement facility for claims. More than 6 crore people can easily avail of this facility. We have fixed some important conditions for submitting a claim. You can easily understand the details related to the claim below.
How can you claim
In April 2020, EPFO introduced the auto mode for claim settlement of funds in emergencies. The Kovid-19 epidemic dominated the country at that time. EPFO has now significantly expanded its scope. This allows you to fulfill your dreams of working for health, education, marriage, house purchase, and other needs. Aside from that, if a brother or sister is going to get married in the family, you can easily withdraw the advance money. This will not cause any problems for PF employees.
You can withdraw funds up to this amount.
PF employees can withdraw up to 1 lakh rupees in advance from their EPF accounts, which will not cause any problems. The limit for withdrawing funds, which was Rs 50,000 a few days ago, has now increased to one lakh rupees.
An auto-setup mode computer can handle the withdrawal of advance funds. Additionally, no approval is needed for this process. Employees will need to provide information related to KYC, the eligibility of the claim request, and your bank account in order for your funds to arrive within a few days.
Understand how to withdraw money in this manner.
You will not have any problem withdrawing money.
The EPFO portal requires your UAN and password.
You will need to go to online services.
After this, you will need to select the ‘Claim’ section.
You must verify your bank account before clicking Proceed for Online Claim.
Here is a new page that will open easily.
You’ll need to select PF Advance Form 31.
It will be mandatory to select the PF account.
You must enter the reason for the withdrawal and the desired withdrawal amount.
After that, you must upload a scanned copy of the check or passbook.
The PF employee must provide consent, and Aadhaar must verify it.
We will then approve your claim.
