PF Withdrawal Rules: How many unemployed people are there in India? They all have a PF account. 12% of the employees’ salary is deposited in the PF account. An equal amount is also deposited by the company. PF account is used in a way as a savings account. You are also given interest on the amount deposited in it. Not only this, if you suddenly need money in an emergency. So you can withdraw money from your PF account whenever you can. And what could be its limit? What will be the whole process? Let us tell you.
When and how much money can be withdrawn from PF account?
You can withdraw money from PF account in two ways. One is partial withdrawal and the other is full withdrawal. Talking about complete withdrawal, any person can withdraw the entire money from his PF account after retirement i.e. after the age of 58 years. So apart from this, even if a person remains unemployed for 2 months continuously, he can withdraw the entire money.
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If we talk about partial withdrawal, you can withdraw partial amount according to different needs. In which you can withdraw money up to a certain limit from your PF account during marriage, education, medical emergency, buying a house, building a house, repairing the house and even during partial unemployment.
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How to withdraw amount from PF account?
You can withdraw money from PF account from EPFO online only. For this, first of all you have to go to the official website of EPFO https://unifiedportal-mem.epfindia.gov.in/memberinterface/. Then you will have to login there by entering your UAN number and password.
After this you will have to complete the entire further due process. And finally when you do the claim race. After that your claim request will go to your company. As soon as your company accepts your claim request. Money from your PF account will be sent to your linked bank account. Normally your money arrives within two weeks.
