PF withdraw rules : How to withdraw money from your PF account? Know step by step process

EPF withdrawal: If you’re a member of the Employees’ Provident Fund Organization (EPFO), you possibly can withdraw money from your Employees’ Provident Fund (EPF) account. As per EPF withdrawal rules, EPF account holders can withdraw partial or full quantity from their account relying on their eligibility. Generally, your entire EPF quantity will be withdrawn provided that the member has been unemployed for 2 months or extra.

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Apart from this, EPFO ​​member can withdraw your entire quantity from his PF account after retirement. Meanwhile, EPFO ​​member also can apply for partial withdrawal from his PF account in varied conditions.

These conditions are as follows:

personal or youngster’s marriage

Medical wants

To purchase a home

To repay a house mortgage

To renovate a home

Note that for many of those partial withdrawals, the member will need to have been an EPF member for at least 5 or seven years. If you alter jobs, your EPF passbook stability will likely be routinely transferred to the brand new employer.

Withdraw money from your PF account on-line like this

First of all, you want to guarantee that you’ve 4 particulars – Universal Account Number (UAN), member’s checking account quantity, ID proof and a canceled cheque.

• Now you will have to go to the UAN portal and enter your UAN quantity and password.
• Now you’re going to get an OTP on your cellular quantity linked to Aadhaar. Enter this OTP and captcha.
• Now your profile web page will open. On the highest proper aspect of the online web page you will see that the choice “Online Services”. Now click on on ‘Claim’ from the scroll down choices.
• Now you will have to confirm the member particulars by coming into the checking account quantity linked to EPFO.
• You will then obtain a Certificate of Undertaking stating that the claimed quantity will likely be credited to this checking account by EPFO. Now you will have to click on on ‘Yes’ to the phrases and circumstances.
• Now you possibly can proceed for on-line declare. As quickly as you click on on this selection, a bit will open wherein you’ll have to enter extra particulars.
• Here you will have to present your deal with and likewise add some paperwork like scanned test and Form 15G.
• In this fashion, declare will likely be submitted to withdraw the stability of EPF account.

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