Step-by-Step Guide to Withdrawing Money from Your PF Account Easily
Step-by-Step Guide to Withdrawing Money from Your PF Account Easily
Step-by-Step Guide to Withdrawing Money from Your PF Account: Learn how to withdraw money from your PF account with our detailed step-by-step guide. Discover when full and partial withdrawals are allowed, the required documents, and the online application process. Withdrawing money from a PF Account is easy, know the complete step-by-step process here. No problem ever comes with any warning. In such a situation, we keep an emergency fund ready in advance, but sometimes we need additional financial help. In this situation, we prefer to use investment funds before borrowing. Investment funds also include PF accounts. We prepare this fund to continue our income after retirement, but sometimes we may have to withdraw from it before retirement. In this article, we will tell you when you can withdraw from the PF account and what is the method of withdrawing money from the account.
When can you withdraw the entire money?
You can withdraw the entire money in the PF account after retirement. Apart from this, even if a member remains unemployed for two consecutive months, he can make a full withdrawal. However, if you remain unemployed for the first month, only 75 percent can be withdrawn from the PF account.
EPFO members also get the facility of partial withdrawal. Partial withdrawal can be done in many circumstances. However, for this, the member has to apply with the documents related to them.
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Step-by-Step Guide to Withdrawing Money from Your PF Account: When can partial withdrawal be done?
Medical emergency
If the EPF member contributes continuously for five years, then only he can make a partial withdrawal.
How to apply for partial withdrawal
First, visit the UAN portal and log in using your UAN number and password.
Enter the OTP that was sent to the Aadhaar-linked cellphone number and the captcha that appears on the screen.
After this, the profile of the EPFO member will open.
Click ‘Claim’ after selecting “Online Services” now.
After this, you must verify your details by entering your bank account number.
Now click on Yes in the Certificate of Undertaking form.
After this click on Online Claim. Now you have to enter all the information related to the claim. For the claim, you have to enter some important documents along with Form 15G. After the documents are uploaded, the claim request will be accepted. After making the claim request, the amount will be credited to the bank account in about 10 days. You can also track your claim by visiting the portal.
