Every salaried person working in India has a Provident Fund (PF) account. The PF account works like a savings account, in which 12% of the employee’s salary is deposited. Not only this, the company also contributes to this account, and the government also pays interest on the amount deposited in this account.

The biggest thing is that you can also withdraw the amount deposited in the PF account if needed. But for what purposes can you withdraw money from your PF account? And what is the process of withdrawing cash from a PF account? Let us give you complete and detailed information about this so that you do not have any problems at the time of need.

Pf Uan update
Pf Uan update

You can withdraw money from your PF account on these crucial occasions

PF accounts are operated by the Employees’ Provident Fund Organisation (EPFO). According to the rules of EPFO, you can withdraw the amount deposited in your PF account in an emergency. Some of the major situations are as follows:

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Treatment of serious illness

If you or any member of your family gets a serious illness and a large amount is required for treatment, then you can withdraw money from your PF account. This facility helps you to overcome the financial crisis.

Children’s education

You can also withdraw the amount deposited in the PF account for the higher education of your children. This can be an important step in securing the future of your children.

Marriage in the family

If a member of your family is getting married and money is needed, then you can also withdraw money from the PF account. This helps you to meet the wedding expenses easily.

Buying a house

If you are thinking of buying your own house and are short of money, then you can withdraw money from the PF account. This can help realize your dream of buying a house.

Home repair

If your house needs repair, then for that too you can withdraw money from the PF account. This provides you with financial assistance in improving your home.

Easy way to withdraw money online

To withdraw the money deposited in the PF account online, you have to visit the official website of the Employees’ Provident Fund Organization (EPFO) https://www.epfindia.gov.in. Here you have to log in by entering your UAN (Universal Account Number) and password. After this, you have to verify your account and click on the option of “Proceed for the online claim”. Then you have to select PF Advance Form 19.

After this, you have to enter complete information. If your Aadhar card is linked, then you have to verify by entering your account number. After this, you have to give your consent and verify it with Aadhar. Finally, select the reason for withdrawing money and submit the form. This is a simple and convenient process so that you can withdraw your PF money sitting at home.

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