EPFO Update: You are fortunate if your PF is being deducted while doing a private job. Most companies also deduct PF to save employees, which benefits people on a large scale. If your PF is being deducted, you can withdraw and use this amount in an emergency. You don’t need to withdraw funds only after retirement because the government has also changed some rules.
You can also make a partial withdrawal of PF from the EPF account. Do you know that partial PF withdrawal is allowed only in some circumstances? You can know below in which circumstances you can end your problems by withdrawing partial PF money.
Know in which circumstances to withdraw PF?
If you want to get treatment in an emergency, then PF withdrawal can be done quickly so that there will be no problem. Apart from this, you can also withdraw PF to educate children. You can also withdraw money from the PF account for the marriage of a brother-sister or son and daughter, which will not cause any problems.
Along with this, you can withdraw funds to buy a house or repair the house. Not only this, but the process of withdrawing PF money is also straightforward, so there will not be any problem.
Quickly know how to withdraw PF?
PF employees can withdraw money from the account in two ways. You can withdraw money through the official EPFO website and the Umang app.
How to apply on the EPFO portal?
PF employees can first log in to the EPFO portal with the help of a UAN and password.
Apart from this, by going to the online service, you have to select the claim and click on auto mode settlement.
Then, the bank account has to be verified. There will be a need to upload the passbook or check the account.
After this, tell the reason for withdrawing money and submit it.
Withdraw from the Umang App as well
PF employees can also withdraw money through the Umang App.
First, registration must be done in the Umang App under the UID or mobile number.
After this, the EPFO service option has to be selected.
Then, log in to the EPFO service using an Aadhaar or mobile number.
Then, the OTP received on the registered mobile number has to be entered.
Afterwards, go to the PF Withdrawal option and click Claim Form.
Then, fill in all the necessary details and submit.
After this, the OTP received on the mobile number must be entered again.
For information, let us tell you that after requesting to withdraw money from the PF account, your PF money will come in about 7 to 10 days. There should not be any holiday in between. If the money does not arrive within this period, contact the helpline at 1800-180-1425.
