How to withdraw EPF online: A step by step guide
Heres the step-by-step guide on how to withdraw the EPF amount through online mode.
Employees’ Provident Fund or EPF is a retirement benefits scheme established by the Employees’ Provident Fund Organization (EPFO).
It is one of the most effective strategies for salaried workers to save money for retirement.
If you want to withdraw that money online, the EPFO website includes a withdrawal option for its members.
All you have to do now is link your Aadhaar card, and the procedure will be completed without the requirement for attestation from your employer.
Here's the step-by-step guide on how to withdraw the EPF amount through online mode.
There are a few things you should verify before withdrawing the EPF money from your account.
-It is necessary to activate the Universal Account Number (UAN) connected with your EPF account.
-Your Aadhaar number must be validated and connected to your UAN.
-UAN should be connected to a bank account with the relevant IFSC code.
Steps to withdraw money from EPF online
Step 1: Go to the EPFO website and pick the 'Our Services' option under the 'For Employees' page.
Step 2: Select 'Member UAN/Online Services' from the 'Our Services' box.
Step 3: The subscriber will be routed to the UAN site, where they select 'Activate your UAN' from the drop-down menu.
Step 4: The subscriber must complete a form to create an authorization PIN, which they then input to activate their UAN.
Step 5: The subscriber will get an SMS, verifying the activation of the UAN.
Step 6: The subscriber will be given a password to use on the UAN site to access their EPF account details.
Steps to register an online claim for a PF withdrawal:
Step 1:Login to the EPFO portal by entering your UAN and password
Step 2: Go to the 'Manage' page and double-check your KYC information.
Step 3: Next, go to the 'Our Services' tab and choose 'Claim' from the drop-down list.
Step 4: The subscriber must then select the sort of withdrawal claim they desire to file—full withdrawal, partial withdrawal, or pension withdrawal—under the 'I Want to Apply For' area.
Step 5: The types of withdrawal drop-down box will only appear if the subscriber is eligible to use it.
The employee's claim is subsequently sent to the employer for approval. The PF amount will be deposited into the subscriber's account within 10 days of approval.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.