EPFO’s big decision! No cancelled cheque or company’s approval will be required to withdraw PF, money will be received in 2 days

EPFO: Now it will be easier to withdraw money from Provident Fund than before. EPFO ​​i.e. Employees Provident Fund Organization has made the process of withdrawing Provident Fund (PF) easier. Now while withdrawing PF online, you will neither have to upload a canceled check nor take approval from the company or employer.

EPFO: Now it will be easier to withdraw money from Provident Fund than before. EPFO ​​i.e. Employees Provident Fund Organization has made the process of withdrawing Provident Fund (PF) easier. Now while withdrawing PF online, you will neither have to upload a canceled check nor take approval from the company or employer. Now one can apply for money from PF online without any check or company approval. This change is a big relief for all employees and now there will be no delay in withdrawing money.

What has changed for EPF subscribers?

Now there is no need to upload a canceled check or passbook photo to withdraw PF.

Now there will be no need for company approval for bank account verification.

If you want to change your bank account, you can add a new account yourself with Aadhaar OTP.

What used to happen earlier?

• Earlier it used to take a lot of time to withdraw PF.
• It used to take 3 days to check the bank account.
• It used to take up to 13 days to get approval from the company.
• Now all this has been removed, which has made the process much faster and easier.

How many people will benefit?

At present, EPFO ​​has about 7.74 crore members, out of which 4.83 crore people’s bank accounts are linked to their UAN. The PF claims of about 15 lakh people were stuck due to the approval of the employer, now they will get direct benefit.

What did the government say?

The Labor Ministry says that now there is no need for documents because when you opened the PF account, your bank account and Aadhaar have already been checked.

What will be the benefit?

• Withdrawing PF will now be faster and easier than before.
• There will be no hassle of uploading any documents.
• There will be no need to get approval from the company.
• Everything can be done online by yourself.

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