EPFO Update: You can withdraw PF money without paper! Government gives good news

PF Money Withdrawal: The central government keeps making new rules for PF employees every day. Its effect is also seen. If PF employees are planning to withdraw money from the account, then now there will be no need to show more documents. You can withdraw money from a PF account without documents. You may be surprised to hear this, but do not worry.

You will not need to submit more documents to withdraw the money from the Employees Provident Fund. You can easily withdraw money without any additional paperwork. The Union Ministry of Labour and Employment has shared big information about this in the House. Below are what updates the Ministry of Labour and Employment has given.

The Labour Ministry gave information.on

The Union Ministry of Labour and Employment, while giving information in Parliament, said that if your PF account is linked to Aadhaar, PAN and bank details are updated, and matches with EIFFO, then money will come to you in one click. With the help of a composite claim form, you can withdraw PF for purposes like marriage, children’s education, buying a house or medical emergency.

The most important thing is that you can do this without showing medical papers or other certificates. It is worth noting that to avoid fraud, EPFO has also made it mandatory to get Aadhaar OTP and face verification. Therefore, make sure that your account is active and the details are updated. Anyway, these days, more than 90 per cent of claims are being made online.

Auto-settlement takes only 3 days. You will need to check and update your UAN, Aadhaar, PAN and bank details by visiting the EPFO portal. You can withdraw money soon if required.

Know how to withdraw PF amou..nt

The process of withdrawing the PF amount is quite easy. For this, first you have to log in to the EPFO portal or the Umang app with your UAN and password. Then make sure that Aadhaar, PAN and bank details will need to be linked and verified. After this, go to ‘Online Services’ and select ‘Claim (Form-31, 19, 10C)’, enter the reason for withdrawal (such as marriage, medical, house purchase) and the amount.

Then you will need to submit the form with Aadhaar OTP or face verification. Later, if the details are updated without documents, then the money can be withdrawn from your bank account through auto-settlement in 3 days.