PF News: Want to withdraw your Provident Fund? Check steps here
Withdrawal of the EPF can be claimed by an employee on account of unemployment or retirement from service after attaining 58 years of age.
A employee provident fund (EPF) is a mandatory retirement savings scheme which is managed by the government. An EPF includes a portion of the employee’s salary and a similar contribution from the organisation.
Withdrawal of the EPF can be claimed by an employee on account of unemployment or retirement from service after attaining 58 years of age. As per the existing EPF rule, an employee can withdraw the full PF balance if he quits his/her job before the retirement age and remains unemployed for 60 days or more.
People willing to withdraw their PF amount can make a claim either by submission of a physical application for withdrawal or by an online application. You must remember that you can claim online withdrawal only if your Aadhar is linked to you Universal Account Number (UAN) and you previous PF accounts should also be merged into one. Lets take you through the steps on how to withdraw PF online: