How to withdraw money from PF account online:step by step guide.

 INTRODUCTION:

Millions of workers have financial security via the Employee Provident Fund (EPF), a significant savings program. The procedure of withdrawing PF money used to be complicated and time-consuming. However, the Employees' Provident Fund Organization (EPFO) has made it simpler for workers to withdraw their PF online as a result of technological improvement and the digital revolution. We'll bring you through a step-by-step tutorial on how to withdraw your PF money without hassle from your online account in this blog post.

Employees can withdraw their PF online quite easily. This can be facilitated through the member e-SEWA portal of EPFO.

EPFO portal LINKe-SEWA

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IMPORTANT POINTS BEFORE WITHDRAWAL:

It is mandatory to link one's Aadhar card with the universal account number (UAN) . This can be one online through the EPFO website or even through the UMANG mobile app.

UAN must be link with your Pan, Aadhaar,bank details and mobile number.

Aadhaar Mobile link must be done before online withdrawal.You can read my blog post how to link Aadhaar with mobile number.Here is the LINK Mobile-Aadhaar

ELIGIBILITY:WHO CAN WITHDRAW 

• Retirement: EPF withdrawal is permitted for people who retire from employment at age 55.
• Unemployment: People who have been out of work for two months are eligible to withdraw 75% of their EPF balance.
• Medical Reasons: When an EPF withdrawal is made for medical reasons, a minimum service year is not necessary for the claim process.
• Wedding: Individuals must have at least 7 years of service history in order to withdraw EPF for wedding-related expenses.
• Home loan repayment: Those who take an EPF withdrawal to pay off a mortgage must have three years of service completed.
• Purchase or Construction of a Home: To be eligible to withdraw EPF for a home purchase or construction, the applicant must have served a minimum of five years in the relevant position.
• Renovation or Reconstruction of House: Those withdrawing EPF for renovation or reconstructing a house must have 5 years of service life.

STEP BY STEP GUIDE WITH IMAGES 

Step-1:

Visit members E-Sewa epfo portal.

Step-2: 

Login with your UAN number, password and captcha code provided.

Step-3:

Go to online services on top menu bar.

Step-4: 

Select 'Claim (Form-19, 31, 10C & 10D)' .

Step-5:

A new claim form page appear, where you have to verify your account number link with your UAN.

Step-6:

Select 'Proceed For Online Claim.'

Step-7:

Then select the claim option for the withdrawal from a drop-down list. I want to apply for.

Step-8:

 Select PF ADVANCE (Form-31)

Step-9:

Here you need to fill the details from the drop down list like Pf advance reason, address , amount and upload a scan copy of cancelled cheque/ bank passbook.

Step-10:

click on term and condition

Step-11:

Select Get Aadhaar OTP.

Step-12:

An OTP will send to your register mobile number.

Step-13:

Enter that opt and Submit.
Online withdrawal can take 3 working days.

Step-14:

To check your claim status, visit online services and then select claim status.

HOW MANY TIMES PF CAN BE WITHDRAW :

Advance EPF withdrawals are allowed but subject to certain restrictions. These are discussed below.

• One can withdraw epf three times for marriage purpose.
• One-time EPF advance claims can be made by those who are withdrawing EPF to pay for a plot of land, a house, or to build a house.
• Withdrawal has no set maximum in the event of a medical emergency
• EPF withdrawal (advance) for funding post-matriculation education can be made 3 time

Hope you will find this blog helpful 🙏.

Thank you.