Learn how to withdraw cash out of your PF account? Know step-by-step course of – India TV Hindi

EPF withdrawal: If you’re a member of the Staff’ Provident Fund Group (EPFO), you’ll be able to withdraw cash out of your Staff’ Provident Fund (EPF) account. As per EPF withdrawal guidelines, EPF account holders can withdraw partial or full quantity from their account relying on their eligibility. Usually, the whole EPF quantity may be withdrawn provided that the member has been unemployed for 2 months or extra. Other than this, EPFO ​​member can withdraw the whole quantity from his PF account after retirement. In the meantime, EPFO ​​member may also apply for partial withdrawal from his PF account in varied conditions.

These conditions are as follows:

personal or kid’s marriage

medical wants
to purchase a home
To repay dwelling mortgage
To renovate the home

Word that for many of those partial withdrawals, the member should have been an EPF member for at least 5 or seven years. In the event you change jobs, your EPF passbook steadiness will likely be robotically transferred to the brand new employer.

Withdraw cash out of your PF account on-line like this

Initially, you’ll want to guarantee that you’ve got 4 particulars – Common Account Quantity (UAN), member’s checking account quantity, ID proof and a canceled cheque.

1. Now you need to go to the UAN portal and enter your UAN quantity and password.
2. Now you’ll get an OTP in your cell quantity linked to Aadhaar. Enter this OTP and captcha.
3. Now your profile web page will open. On the highest proper facet of the online web page you’ll discover the choice “On-line Providers”. Now click on on ‘Declare’ from the scroll down choices.
4. Now you need to confirm the member particulars by getting into the checking account quantity linked to EPFO.
5. You’ll then obtain a Certificates of Enterprise stating that the claimed quantity will likely be credited to this checking account by EPFO. Now you need to click on on ‘Sure’ to the phrases and circumstances.
6. Now you’ll be able to proceed for on-line declare. As quickly as you click on on this selection, a bit will open during which you’ll have to enter extra particulars.
7. Right here you need to present your deal with and in addition add some paperwork like scanned examine and Type 15G.
8. On this method, declare will likely be submitted to withdraw the steadiness of EPF account.

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