EPF: Keep this thing in mind while withdrawal and deposit
EPF: Keep this thing in mind while withdrawal and deposit
Share:

Between lockdown and corona transition, EPFO members can withdraw funds from their EPF account using the online Aadhaar based facility. Members can claim online for withdrawal of funds by visiting the EPFO portal. Due to Coronavirus crisis and lockdown, many people have had cash crisis. At the same time, many people have also lost their jobs. In such a situation, they can withdraw from their retirement fund deposited in EPF and meet their needs in this critical time.


For your information, let us tell you that the member should have an active UAN (Universal Account Number) for online money withdrawal using the integrated portal of EPFO and the member's bank account and Aadhaar information should be linked to the EPFO account.

Apart from this, e-KYC of the member should be verified and approved. After logging in on the portal for KYC, the member has to click on Manage and then KYC. Now you have to enter your Aadhaar number and bank details. According to the rules of EPFO, if an employee has been terminated from the job, he can withdraw 75 percent of his total PF fund after one month. At the same time, if an employee has been unemployed for two months, then he can withdraw 100 percent of his PF fund. In many circumstances, EPFO allows employees to withdraw even before their PF account matures. In these circumstances, medical requirements, house construction, education etc. are included.

Also Read: 

Is flight booking really starting from June 1?

Gold future rate falls in domestic market, Know price

These are buses of Yogi government, not of Congress, this picture is of Prayagraj Kumbh

Bharti Airtel: Company incurred losses, financial year 2019-20 figures negative

 

Join NewsTrack Whatsapp group
Related News