If you want to withdraw money in advance, in whole or in part from Employees Provident Fund (EPF) or Provident Fund (PF), do you know how much money can be withdrawn from PF under what circumstances? Even in the Corona era, many employees are withdrawing money from the PF for medical expenses. You can also withdraw the full amount of PF in case of treatment, family emergency. You can withdraw this money by applying online. Let us know under what conditions you can withdraw money.
In this condition you can make so much money
How much money you can withdraw from your PF also depends on the balance of your PF account.
– If you are withdrawing PF money for your child, brother or sister or your own marriage, you can balance 50 percent of the PF. But for this you must complete 7 years of your work.
– You can withdraw 50% of your share in three times for your own or your child’s marriage.
You can also withdraw PF money to buy your home, which requires you to complete five years of work.
You can spend so much money on medical emergencies
If you want to withdraw money for treatment of self, wife, children or parents, you can multiply your salary times or the full amount of PF, whichever is less. In case of illness you can even withdraw the full amount. For this you need to apply for hospital papers.
PF money can be withdrawn online
Offices will no longer be advertised for withdrawals from PF. Your PF will be credited directly to the account in about 5 to 10 days after application.
This is how the application can be made
See EPFO website https://unifiedportal-mem.epfindia.gov.in/memberinterface/. Login by entering your UAN number, password and captcha. Click Manage. Check all the information in KYC option. Click on Online Services. A drop down menu will open. Click claim from it. Click Process for Online to submit your claim form.
These pension schemes are great support for old age, know which is best for you