If you are unable to withdraw money from PF Account, then know here what you can do in this situation and how you can withdraw your money.
Employees Provident Fund deposits money for the retirement of employees. In such a situation, if an employee wants to withdraw money in between when needed, he can claim for it. In such a situation, due to a small reason, that employee is not able to withdraw money from the PF account. Today we will tell you that according to EPFO, what you can do in this situation and how you can withdraw your money.
Keep this in mind before withdrawing money
If you are withdrawing money from PF Account, then it is most important that you add EPFO E-Nomination. If you do not add a nominee to it, then you may have to face more losses. If you add a nominee, you can easily withdraw money online through this. Along with this, you also get an insurance of 7 lakhs. This is given to help your family to avoid any untoward incident in the future. Its claim settlement is also completed easily.
Add E-Nomination like this
- For this, you first go to the EPFO website.
- Login here with the help of your UAN number and password
- After this, go to the Manage tab and click on the option of e-nomination.
- Here now the page of e-nomination will open for you.
- Fill all the necessary details asked in it.
- If you want to add more than one nominee, then click on the add option again.
- After saving the filled details, now click on the option of e-sign.
- Enter the OTP received on the mobile.
- After this whole process, your nomination will be completed.
If the nominee is not added then there will be a big loss
In such a situation, if a person does not add a nominee, then he may have to face a huge loss. Without the nominee, you will not be able to see the passbook. Apart from this, except for medical emergency, you cannot withdraw money for any other emergency situation.
