It is also possible to withdraw money online from the Provident Fund in case of emergency.
All workers in India who are regular income earners are legally required to contribute 12 per cent of their basic salary to the Provident Fund every month. In this way the amount from the salary of the worker and the employer’s contribution and their interest are deposited in the name of the worker in the provident fund account. Workers can also withdraw this amount in certain circumstances.
How to withdraw money online from EPF
Step 1 – Visit the ‘Unified Member Portal’ and log in with your Universal Account Number (UAN) and Password.
Step 2 – Select the ‘Online Services’ tab and click on ‘One Member – One EPF Account (Transfer Request’).
Step 3 – Make sure the ‘Personal Information’ and ‘PF Account’ related to the current job are correct.
Step 4 – Clicking on ‘Get Details’ will take you to the PF account of the previous employer.
Step 5 – Select the previous employer or any current employer to attest the form.
Step 6- Click on ‘Get OTP’ to get OTP to the UN registered mobile number. Type the OTP received and submit.
If the money is being withdrawn for special purposes, you will also need to submit a scanned copy of the documents stating the reasons, and the money will be credited to your EPF-linked bank account within 15-20 days if your claim is approved by the employer.
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