If you want to withdraw money from your Employees Provident Fund (EPF) or Provident Fund (PF) due to a sudden need, then you can withdraw but do you know that you can withdraw all the money from it if you want. But you can withdraw all the money in a medical emergency in case of emergency. Let us understand the whole process of how you can withdraw your money.
How much money you can withdraw
How much money you can withdraw depends on the balance of your PF account. You can take money in your brother, son, sister or even your own wedding. From this you can withdraw money up to 50 percent. To withdraw this money, you must have completed at least seven or seven jobs in your job.
Even if you are buying your house, you can withdraw money. Withdraw money in medical emergency. In this, it is the rule that you can withdraw money only six times of your salary or the entire money of the PM, which is less of these two. If you withdraw all the money, then you have to put the hospital papers.
How much time does it take and what is the process
- Money will be in your account within 5 to 10 days of your application.
- Even for this application, you do not have to go round the office.
- All you have to do is go to the official website of EPFO https://unifiedportal-mem.epfindia.gov.in/memberinterface/.
- Log in by entering your UAN number, password and captcha. Click on Online Services.
- A drop menu will open in it, right here you have to click on Claim. You have to submit the claim after filling the form.
What is the procedure for advance withdrawal
In the website, you will get full EPF Settlement, EPF Part withdrawal (loan / advance) or pension withdrawal option. In about 5 to 10 days after filling it, money will be transferred to the registered bank account on EPFO. The registered mobile number will also be received through SMS (SMS).
