Full PF Withdrawal: All the employed people in India must have a PF account. PF account is a good saving plan for the future. Every month both the employee and the employer contribute to the PF account. The PF account is operated by the Employees Provident Fund Organization i.e. EPFO. The government also gives a good amount of interest on the PF account.
PF account is not only for the future but also whenever you need money in the present, you can withdraw money from it. Many people have a question in their mind that when can they withdraw the entire amount present in their PF account. So let us tell you when can the entire amount be withdrawn from the PF account and what is its process.
When can I withdraw the entire amount?
Generally, you can withdraw money from your PF account whenever you need it. You can withdraw different amounts from it according to different needs. For example, if you want to buy a house, you can withdraw up to 90 percent of the amount from your PF account. If you have to repay a loan, you can withdraw part of the PF of 36 months’ salary.
Along with this, you can withdraw money from your PF account if needed for marriage or treatment. You can withdraw the entire amount from your PF account only when you retire or when you leave your job. If you do not work for one month after leaving your job, then you can withdraw 75% of your PF. If you remain unemployed for 2 months continuously, then you can also withdraw the remaining 25%.
follow this process
To withdraw the entire PF, first you have to go to the official website of EPFO https://www.epfindia.gov.in/site_en/. After this, you have to login there by entering your UAN number and password. After this, you have to go to Online Services from the drop down menu, after that you have to click on the option of Claim. After this, you have to enter your bank account number and click on Verify.
After this, you will have to proceed by clicking on Yes and then Proceed with Online Claim. After this, you will have to select Form 19 from the option of I want to apply for. After this, you will have to click on Get Aadhaar OTP. After getting the OTP, you will have to enter it and then submit your application. After this, you will get a reference number which you have to note down. Within a few days, money will come to your linked bank account.
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