PF Account: If you want to withdraw Rs 1 lakh from your PF account, now you can do so even before the completion of 6 months. To do this, you must follow the new guidelines issued by EPFO. This facility allows you to withdraw money without a lengthy process. For more information and details, please visit the official EPFO website or contact your nearest EPFO office.
EPFO has recently issued new guidelines for withdrawing Rs. 1 lakh from the PF account. EPFO has recently issued new guidelines for withdrawing Rs. 1 lakh from the PF account. You can now withdraw up to Rs 1 lakh from your EPF account even without completing the minimum six-month period.
This service is for members who have linked their Aadhaar and bank accounts to the EPF account. The withdrawal process may be subject to certain conditions and procedures. Reports on India TV have also asserted this claim.
1. Online Application: You can apply through the EPFO e-Service Portal.
2. Required documents: An Aadhaar card, bank account details, and a copy of the EPF passbook may be required.
3. Processing time: The withdrawal process typically takes a few days to complete.
Before availing of this facility, ensure that all your documents are correct and updated. For more details, visit the EPFO website or contact your nearest EPFO office.
More details about withdrawing Rs 1 lakh from a PF account can be as follows:
1. Purpose of withdrawal: There can be a variety of reasons for withdrawing this amount, such as medical expenses, education, or other personal needs. You must accurately state the purpose of your withdrawal.
2. Status of previous withdrawal: If you’ve already taken a withdrawal from your PF account, you need to confirm that the process is complete and that there are no pending actions in your account.
3. Ordinary and Uncontrolled Withdrawal:
Ordinary withdrawal: This is made after a period of six months, and it depends entirely on the balance in your EPF account.
– Uncontrolled withdrawal: withdrawal made before 6 months, and for this you have to follow special conditions laid down by the EPFO.
4. Application Process:
EPFO Portal: To apply for withdrawal, visit EPFO’s e-Sewa portal and log in with your UAN (Universal Account Number) and password.
Online authentication requires the verification of your Aadhaar number and bank account details.
5. Withdrawal Amount: You can withdraw up to Rs 1 lakh at a time, and for amounts above this, you may have to submit additional documents or proof, if required, as per EPFO rules.
For any issues or questions during this process, you can contact the EPFO helpline or check out the FAQ section on their website.