EPF Withdrawal Process: Investors like the EPF scheme run by the Employees’ Provident Fund Organization (EPFO) a lot. Through this scheme, investors can deposit a large amount of funds. EPFO members can also make partial withdrawals if needed. In this article, we will tell you the process of withdrawing funds from PF account. Read the full news..
A huge fund can be deposited under the EPF Scheme run by the Employees’ Provident Fund Organization ( EPFO ). The benefit of this fund is available in the form of pension after retirement. However, this fund is also very useful in emergency situations. Yes, partial withdrawal facility is available in EPF.
Partial withdrawal is allowed only in certain situations. In such a situation, we will tell you below in which situation you can make partial withdrawal and what is the process of withdrawing money from PF account.
In what situation can I withdraw the amount?
- Evacuation may also be performed if emergency treatment is required.
- You can also withdraw money from PF fund for children’s education.
- Even if you or your brother-sister or son-daughter is getting married, you can withdraw money from your PF account.
- You can also withdraw money from the fund for buying a house or for home repair work.
Process to withdraw money from PF account
There are two ways to withdraw money from your PF account. You can withdraw money through EPFO’s official website and Umang App.
How to apply in EPFO portal
First of all log in to the EPFO portal with the help of UAN and password.
Now go to online service, select the claim and click on auto mode settlement.
After this, verify your bank account and upload the account passbook or cheque.
Now specify the reason for withdrawing money and submit.
How to withdraw money from Umang APP?
- Register in Umang App through Aadhar number or mobile number.
- Now select the “EPFO” service option.
- After this, log in to EPFO service through Aadhar number or mobile number.
- Now enter the OTP received on the registered mobile number.
- Now go to the “PF Withdrawal” option and click on “Claim Form”.
- After this fill all the required details and submit.
- Now enter the OTP received on the mobile number again.
In how many days will the money come
After requesting for withdrawal of money from PF account, money reaches the bank account within 7 to 10 working days. If the money does not reach within these days, you can contact the helpline number 1800-180-1425.
