EPF Withdrawal Process Investors like the EPF scheme run by the Employees’ Provident Fund Organization (EPFO). Through this scheme, investors can accumulate huge 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 you withdraw money
- Withdrawal can be done even if emergency treatment is required.
- You can also withdraw money from PF fund for children’s education.
- If you or your brother-sister or son-daughter is getting married, you can withdraw money from PF account.
- You can also withdraw money from the fund for buying a house or for repair work in the house.
- Process of withdrawing money from PF account
There are two ways to withdraw money from 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 EPFO portal with the help of UAN and password.
- Now go to online service and select claim and click on auto mode settlement.
- After this verify your bank account and upload the account passbook or cheque.
- Now tell the reason for withdrawing money and submit.
How to withdraw money from Umang APP?
- Register in Umang App through Aadhaar number or mobile number.
- Now select the option of “EPFO” service.
- After this, log in to EPFO service through Aadhaar number or mobile number.
- Now fill the OTP received on the registered mobile number.
- Now go to the option of “PF Withdrawal” and click on “Claim Form”.
- After this, fill all the necessary details and submit.
- Now enter the OTP received again on the mobile number.
In how many days will the money come?
After giving the request for withdrawal of money from the PF account, the money comes to the bank account within about 7 to 10 working days. If the money does not come in this many days, then you can contact the helpline number 1800-180-1425.