How To Withdraw PF Here Is Complete Process

Table of Contents

Introduction

How to Withdraw PF Here is Complete Process, are you looking to withdraw money from your Provident Fund (PF) account? Whether you’re preparing for retirement, facing a financial emergency, or need funds for a significant life event, withdrawing your PF can be a crucial step. In this guide, we’ll walk you through the process of withdrawing PF online using your Universal Account Number (UAN), ensuring that you have all the necessary information and steps clearly explained. With the convenience of online services, managing your PF withdrawal has never been easier. Read on to discover how you can seamlessly access your PF funds from the comfort of your home.

Do you have money in your Provident Fund (PF) account and wish to withdraw it? You’ve come to the right place. This guide will walk you through the process of withdrawing PF online in simple terms and provide essential information about PF.

Documents Required for PF Withdrawal

To withdraw your PF, you will need the following documents:

Bank Account Number: The account where the withdrawn money will be deposited.
Universal Account Number (UAN): Issued by the EPFO, necessary for logging in and accessing your account.
Aadhar Card: Used for identity verification.
PAN Card: Required for tax purposes and identity verification.

PF Withdrawal Eligibility

You can withdraw PF under the following conditions:

Post-Retirement: Full PF balance can be withdrawn only after retirement.
Pre-Retirement: Partial withdrawals are permitted for emergencies such as medical needs, education, or house construction.
One Year Before Retirement: You can withdraw up to 90% of the PF balance.
Unemployment: If you are unemployed for more than one month, you can withdraw up to 75% of the PF. The remaining amount will be transferred to your new PF account once your secure employment.

How to Withdraw PF Online with UAN

Follow these steps to withdraw PF online using your UAN:

Access the EPFO Website: Search for “UAN EPFO” on Google and visit the official EPFO website (epfindia.gov.in).
Login to Your UAN Account: Enter your UAN, password, and captcha to log in.
Navigate to the Claim Section: Select “Online Services” and then click on “Claim (Form-31, 19, 10C & 10D)”.
Enter Bank Account Details: Input the last four digits of your bank account number and verify.
Complete the Undertaking Certificate: Click on “Certificate of Undertaking” and then “Continue”.
Proceed with Online Claim: Click on “Proceed for Online Claim”.
Choose PF Advance: Select “PF Advance (Form 31)” to initiate the withdrawal.
Specify the Purpose: Choose the reason for the advance.
Fill and Submit the Form: Complete the application form and click “Submit”.
Application Review: The EPFO officer will review and approve your application if you meet all eligibility criteria.
Funds Transfer: Once approved, the funds will be transferred to your bank account within approximately 16 to 20 days.

Benefits of Withdrawing PF via Mobile

Withdrawing PF via mobile offers several benefits:

Convenience: No need to visit the PF office.
Cost-Effective: There are no processing fees.
Quick Processing: Funds are usually transferred within 16 to 20 days.

How to Check PF Balance with the UMANG App

To check your PF balance using the UMANG app, follow these steps:

Download and Install the UMANG App: Install the app and enter your mobile number to receive an OTP.
Login: Enter the OTP to log in.
Access EPFO Services: Click on the EPFO logo.
Select the Withdrawal Option: Choose between “Part Withdrawal” and “Full Withdrawal”.
Enter Details: Fill in your UAN and other required information.
Submit: Click “OK” and your PF amount will be processed within 16 to 20 days.

Additional Information

PF Full Form: Provident Fund (also known as Employees’ Provident Fund or EPF).
PF Deduction: Typically, 24% of your salary is deposited monthly (12% from you and 12% from your employer), with an interest rate of 8.5%.

Check PF Balance:

Missed Call: Call 01122901406 from the number linked to your PF account to receive a balance update.
SMS: Send an SMS to 7738299899 with the format “EPFOHO UAN ENG” from the registered mobile number.

How Many Times Can You Withdraw PF?

The number of times you can withdraw PF depends on the purpose:

House Purchase: Only once.
Marriage: Up to three times.
Higher Education: Up to three times.
Medical Emergency: The number of withdrawals may vary based on specific conditions.

FAQ

Conclusion

Withdrawing your Provident Fund (PF) online offers a convenient and efficient solution for accessing your savings. By following the detailed steps provided in this guide, you can easily manage your PF withdrawal. Make sure to have all the required documents handy, such as your UAN, Aadhar card, and bank details, to ensure a smooth process. Whether you’re withdrawing funds for a medical emergency, education, or any other valid reason, the online system makes the transaction straightforward and hassle-free.

Navigating the PF withdrawal process can seem overwhelming, but with accurate information and guidance, it becomes manageable. This guide has outlined the key steps for withdrawing PF online using your Universal Account Number (UAN). It also covers the eligibility criteria for both pre-retirement and post-retirement withdrawals, as well as procedures for emergencies and unemployment situations.

The online withdrawal process is designed to be user-friendly, allowing you to complete it from the comfort of your home. Utilizing the EPFO website or the UMANG app enables efficient management of your PF account, saving you both time and effort.

The benefits of withdrawing PF online are clear: it’s convenient, cost-effective, and generally faster. Typically, you can expect to receive your funds within 16 to 20 days after approval, making it a reliable option for accessing your savings when needed.

If you run into any issues or have additional questions, feel free to consult the EPFO’s official resources or contact their customer support. Sharing this guide with friends or family who might benefit from it can also assist them in navigating the PF withdrawal process smoothly.

We hope this guide has provided you with valuable insights into how to withdraw PF online. If you have any further questions or need clarification, please leave a comment below. We’re here to help ensure you have a seamless experience managing your Provident Fund.

Frequently Asked Questions (FAQ)

1. How do I check my PF balance by mobile number?

To check your PF balance, call 01122901406 from the mobile number linked to your PF account. You will receive an SMS with your current PF balance.

2. What are the steps to withdraw PF from the company?

Log in to the EPFO website using your Universal Account Number (UAN). Fill out the necessary forms and submit them online. The funds will be transferred to your bank account after approval.

3. How long does it take for PF withdrawal to be processed?

Typically, it takes 16 to 20 days for the PF amount to be credited to your bank account after your application has been approved.

4. How can I check my PF balance using my Aadhar card?

Ensure your Aadhar card is linked to your PF account. Use the missed call method by calling 01122901406 or send an SMS with the format “EPFOHO UAN ENG” to 7738299899 to check your balance.

5. What is the eligibility for withdrawing PF after service?

You can withdraw PF any time after completing three years of service. Ensure you meet all other withdrawal conditions set by EPFO.

6. How many times can I withdraw PF for specific purposes?

House Purchase: Once.
Marriage: Up to three times.
Higher Education: Up to three times.
Medical Emergency: The number of withdrawals may vary depending on the specific conditions.

7. What documents are required to withdraw PF?

You will need your Bank Account Number, Universal Account Number (UAN), Aadhar Card, and PAN Card for the withdrawal process.

8. Can I withdraw PF online?

Yes, you can withdraw PF online by logging into the EPFO website with your UAN and following the necessary steps to submit your application.

9. How do I withdraw PF using the UMANG app?

Download and install the UMANG app, log in with your mobile number, select EPFO services, and follow the prompts to choose and complete your withdrawal request.

10. Are there any fees associated with withdrawing PF online?