alaried employees can withdraw from their EPF account with certain conditions in special circumstances if required.
The Employees Provident Fund Organization (EPFO) allows this. However, many times the employee has trouble withdrawing from the account. One of the main reasons for this is not linking your existing bank account to the PF account. Many times it happens that the employees linked to the PF account have closed the bank account and forget to link the new account to the PF account. If the bank account information is not correct, then you may face difficulty in getting money from the PF account. Let us know the process of updating the new bank account information with the PF account.
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Step 1. First of all go to the Unified Members Portal and log in with a username and password.
Step 2. Now click on the Manage tab.
Step 3. Select ‘KYC’ from the drop down menu.
Step 4. Now select the bank and fill in the bank account number, name and IFSC code (IFSC code) and click ‘Save’.
Step 5. This information will be visible in the Approved KYC section once approved by the employer and thus your new bank account information will be updated with the EPF account.
EPFO subscribers can also check their EPF balance through the EPFO portal. Let us also know the process of this-
Step 1. In this, the member has to first go to www.epfindia.gov.in.
Step 2. Now you have to click on ‘For Employees’ option from the ‘Our Services’ tab.
Step 3. Now you have to click on ‘Member Passbook’ from the ‘Services’ tab.
Step 4. Now you have to enter your UAN and password to login and you will be able to see the passbook of your PF account.
Here your account should be tagged with your UAN. Also your UAN must be activated by the employer. Subscribers can also print out passbooks from this portal.
