PF Account: Monthly contribution in this scheme increases and money is easily available in the form of lump sum payment on retirement or termination of employment. PF amount is a significant part of your wealth, hence it helps in growing your retirement corpus faster.
PF Login: Everyone invests to grow their savings, get a stable income after retirement and secure the future of their family. Provident Fund (PF) is a voluntary investment fund that helps individuals to achieve their financial goals. This government-managed retirement savings scheme enables employees to contribute a part of their income to this pension fund on a monthly basis.
Lump sum payment
The monthly contribution in this scheme increases and money is easily available in the form of lump sum payment on retirement or termination of employment. PF amount is a significant part of your wealth, hence it helps in growing your retirement corpus faster. The Central Board of Trustees (CBT), constituted through the Central Government, controls and manages the Employees’ Provident Fund (EPF). This board consists of representatives of employers, employees and the government.
Benefits of withdrawing PF money online
However, there are times when people want to withdraw the PF amount even before retirement. PF money can be withdrawn on many occasions. However, people can get a lot of benefit by withdrawing PF money through online method and PF money can also be withdrawn easily.
PF Withdrawal Online Benefits
Hassle Free Withdrawal
The online process saves a person the hassle of personally visiting the PF office, waiting in queues to complete the paper work.
Reduction in processing time
Due to online claiming, there is a reduction in processing time. The amount is credited to your bank account within 15-20 days of application.
Verification
Now there is no need to go to the previous employer for verification. Online claims are verified easily and automatically.
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