How can someone withdraw 100% PF money? Know the process step by step

PF: Every employed individual in India possesses PF accounts. One twelfth of the employee’s salary is contributed to the PF account. The identical portion is contributed by the company, namely the employer. A PF account functions similarly to a savings account. Funds can also be taken out from it if required. EPFO offers you the option to withdraw funds based on various requirements. EPFO has established rules concerning PM accounts. It also includes established guidelines for withdrawing from PF accounts. If an individual exits a job and remains without employment for a month, he may withdraw as much as 75% of the balance in his PF account. Conversely, if he stays jobless for two months, he may also take out the remaining 25% of the funds.

If a PF account holder takes another job shortly after resigning and his UAN stays active, he will not be able to withdraw the PF funds from the previous job. To achieve this, he must move his PF account. Only after that can he take out his money.

In this process you can withdraw PF money

If you have resigned from your job and wish to withdraw funds from your PF account, you need to log in to the EPF Members Portal using your UAN and password. Following this, you need to select Claim (Form – 31, 19 and 10C) in the Online Services area. Following this, you need to input the last four digits of your connected bank account and press Verify.

Next, you need to click yes to approve the Certificate of Undertaking. Following this, you need to choose PF withdrawal form-19 from the drop-down list under ‘I want to apply’. Following this, you must input your address in the form. You need to check the disclaimer and select Aadhaar OTP.

Following this, an OTP will be sent to the mobile number associated with your Aadhaar number. Once you input the OTP, you may proceed to submit your application. Following this, you will receive a reference number. Via which you can verify your request. Funds will be transferred to your connected bank account in 15 to 20 days.