If you also want to transfer your PF amount to the account, then you can easily complete this work sitting at home. You just have to fulfill some conditions for this.
After retirement or after being unemployed for more than 2 months, the amount of Provident Fund ie PF can be withdrawn. Apart from this, many times marriage, medical emergency or some other such problems also arise in the house, when suddenly there is a need for money. In such a situation, there is a need to withdraw PF money. If you also want to transfer your PF amount to the account, then you can easily complete this work sitting at home. You just have to fulfill some conditions for this. Know about it here.
Conditions for withdrawing money from EPFO
- The entire money can be withdrawn from EPFO ​​only on two conditions, first you have retired and second you are unemployed. Keep in mind that EPFO ​​considers the age of more than 55 years as the age of retirement. You will be allowed to withdraw only 90% of the amount till one year before retirement.
- Even after one month of unemployment, you can withdraw only 75 percent of the amount. The outstanding amount will be transferred to your new EPF account on getting new employment.
- If the employee is in continuous service for 5 years, then he can withdraw the amount for construction or purchase of house. Whereas, for home loan, the employee must be in service for at least 3 years. In such a situation, he can withdraw up to 90 percent of the amount. For needs like marriage, the employee needs to be in service for 7 years. In such a situation, he can withdraw up to 50 percent of his deposit. There is no prerequisite for medical treatment.
- To withdraw EPF money, you can claim online by linking UAN and Aadhaar with your EPF account. For this, you should have an active UAN number, bank account linked with UAN and PAN and Aadhaar related information, which should be linked to the EPF account.
PF withdrawal process
STEP 1:
The member of EPFO ​​will have to log on to the e-sewa portal unifiedportal-mem.epfindia.gov.in.
STEP 2:
After this click on Manage and select KYC and check your KYC.
STEP 3:
After this, going to the ‘Online Services’ tab, click on ‘Claim (Form-31, 19, 10C & 10D)’.
STEP 4:
Now a new page will open in front of you. On this page, the member has to enter the bank account number linked to the UAN. After that click on ‘Verify’.
STEP 5:
The ‘Certificate of Undertaking’ needs to be approved before proceeding for Bank Account Verification.
STEP 6:
Now click on ‘Proceed For Online Claim’.
STEP 7:
Now the member has to choose the reason for withdrawal from the PF account from the given list. Here you will see only those options that you are eligible for.
STEP 8:
The member will now have to enter his full address. Also, the member has to upload the scanned copy of the check or bank passbook on the portal.
STEP 9:
Now selecting the terms and conditions, click on ‘Get Aadhaar OTP’.
STEP 10:
Now an OTP will come on the mobile number linked with Aadhaar. Enter it and click on claim. After some time your PF amount will be transferred to your account.
