Every month a small amount is deducted from your salary which you probably ignore. But this small savings becomes your biggest support in the future. When you have to leave the job, there is a medical emergency, children’s education expenses or get a chance to build your dream house, then this PF money comes in handy.
But due to lack of correct information, many people have difficulty in withdrawing it. If you also want to withdraw money from your PF account, then we will tell you an easy way by which this work will be done in minutes. Do you also want to know how you can easily withdraw your PF? So let’s know.
Know when you can withdraw money
The Employees Provident Fund Organization (EPFO) allows its members to withdraw PF for many reasons. Usually employees can withdraw PF after retirement, leaving the job or death. Apart from this, money can also be withdrawn from PF for needs like building a house, children’s education, marriage or medical emergency.
EPF (Employees Provident Fund) is a savings scheme, in which both the employee and the company deposit a part of the salary every month. This money acts as a safe fund for the future. Every employee gets a Universal Account Number (UAN) which is linked to their PF account. This allows them to easily check their PF balance and withdraw it when needed.
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Easy process to withdraw PF
Log in to the EPFO portal or Umang app with your UAN and password.
Go to the ‘Online Services’ option on the home page and click on ‘Claim’.
Check your bank account number and proceed.
Select ‘PF Advance Form 19’, and fill in the reason and amount of withdrawal.
Upload a scanned copy of the bank passbook or cheque.
Confirm through the Aadhaar number and submit the form.
After this your claim will be processed and the money will be credited to your bank account within the stipulated time.
In how many days you will the money be received in account
After submitting the application, usually the money comes directly to the employee’s bank account within 7 to 10 working days. If the employee’s Aadhaar number is linked to the PF account, this process becomes even easier. With the Aadhaar number, there is less need for document verification, which helps in getting money quickly. This facility is very beneficial for employees as it provides quick money without any hassle.
Know what to do and what not to do
It is important to understand the rules for withdrawing PF so that there is no delay or rejection. If an employee remains unemployed for two months after leaving the job, he can withdraw his entire PF. But PF withdrawal while working is allowed only under certain circumstances. The government has made the process of withdrawing PF digital and easy so that employees do not have any problem withdrawing their hard-earned money. If you also want to withdraw your PF, follow these easy steps and get your money without any hassle.
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