In today’s article we will talk about how you can withdraw money from your PF account. Some people feel that they can withdraw money from their PF account only when they leave the job or retire from the job. But it is not so at all. However, earlier you could withdraw money from the account only when you had a medical emergency, bought a house, or spent on children’s higher education.
After the arrival of Corona epidemic, this rule has completely changed, now you can withdraw your money whenever you want. But you cannot withdraw the entire money at once. Some withdrawal times have been set for that also. And some rules have been made, only by following which you can withdraw money from your PF account. To know complete information, read our article completely.
What is PF Account ?
This scheme issued by EPFO is very useful for the employed people. Under this scheme, a part of the salary of the employed people is deducted every month and deposited in the account so that they can use their money at the time of need and they do not have to face problems. And one should also stay away from the problems that come after retirement. Withdrawal of money from PF account is not like withdrawing money from your normal bank account.
This process is a little different to withdraw money from PF account, we have to follow some rules. And some process has to be adopted. But you do not need to panic, we will explain to you the entire process of withdrawing money from PF account in simple words. For this, please read our complete article.
Ways to Withdraw Money from PF Account :-
If you are ever in dire need of money, and you want to use the money deposited in your PF account, then you can withdraw your money in two ways :-
- The first method is to claim offline. Let us tell you that if you make an offline claim, it may take at least 20 days for the money to come into your account. And you will have to rush a lot, and your time will also be wasted.
- People who are in direct need of money and want to get their money as soon as possible can use the online claim process. This process is quite simple, and through this you can get your money in your account within 3 days. At the same time, you do not need to step out of the house, your time will also not be wasted. To withdraw money online, please read our article further.
Some important things before claiming PF Online :-
- Your Aadhaar card number should be linked to your PF account.
- You will get your UAN No. Must remember and remain active.
- The UAN number should be linked with Aadhaar and with the bank.
- Your KYC, Aadhaar number, PAN number should remain updated.
- Your mobile number should be linked with your PF account.
How to Withdraw your PF Money Online ?
Step 1:- First of all you have to type “epfo” on Google. After this click on the search result “Employees’ Provident Fund Organization”. Or we are giving you direct epfo link, click on it.
EPFO Official Website Link – epfindia.gov.in
Step 2 :- Go to EPFO website and click on the option of ‘Online Claim Member Account Transfer’.
Step 3 :- Login to your PF account by entering your UAN No., Password and Captcha.
Step 4 :- Now you have to go to Manage option to check your KYC status. And you can check your status by clicking on KYC. And if any KYC is not completed then complete it by uploading that document.
By clicking on the Online Services option, select the option of Claim (FORM- 31,19,10C & 10D).
Step 5 :- On the next page you will get all your information. By scrolling down a bit you will have to verify your bank account. For that you have to enter your bank account number in the given box and click on the Verify button.
Accept the Certificate of undertaking and after clicking on the Yes option, select the option of Proceed to Online Claim.
Step 6 :- Now on the next page you have to select your claim form in I want to apply for. In this you will see four types of options, out of which, if you are going to withdraw money from PF while working, then you will have to choose the form PF advance (Form 31).
Select the purpose for which you want to withdraw money and how much money you want to withdraw.
Note: You have to calculate the PF amount and enter the amount in Withdraw amount as per EPFO rule.
After this you will have to enter your complete address. This address should be as per your Aadhaar. After this you will have to upload your passbook/cancelled check copy. After this, tick on the given Disclaimer and click on Get Aadhaar OTP button. (Friends, here it is necessary to link your mobile number with your Aadhar card.)
Now an OTP will be sent to the mobile number linked to your Aadhaar and you have to enter it in the given space (Enter OTP) and click on Validate OTP and submit claim form option. And your form will be successfully submitted.
Within 3 days of form submission, you will receive a message on your mobile number and the money will be credited to your account.