Are you planning to quit your job and want retirement? What to do with your Employees’ Provident Fund (EPF)? Do you want to withdraw it? Okay Fine! I am here to help you out in the easy withdrawal of EPF. This is a challenging task to get paid the PF amount nowadays, but I’ll tell you the easiest way to withdraw Provident Fund amount. All you need to do is, follow the given steps carefully If you want to withdraw EPF online.
But make sure that, you are going to withdraw your PF at the right time. You should avoid withdrawing PF if you are planning to do next job or if you are currently doing any job. Because your Provident Fund (PF) is your retirement entity that you should withdraw at the time of retirement.
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Why you should avoid PF withdrawal at the time of a job
Another reason to not to withdraw your PF amount is, it become taxable if you withdraw so why you want to pay income taxes unnecessarily.
Even withdrawing PF at the time of a job is against the rule. So you should not break any law. According to the rules, you can’t withdraw PF amount within two months of leaving the service.
How To Withdraw Employees’ Provident Fund Online
It was a tough task in earlier days, but nowadays it becomes easy. All you need to do is, open a UAN account (Universal Account Number) and you should have your Adhaar Card along with you.
- First, link the Adhaar Card with your Universal Account Number and get Adhaar Card authenticated by Employer.
- Now download an online PF withdrawal form and fill up all required details.
- After filling all information correctly, visit the regional PF office and submit it.
- Now sit back and relax for a week, your PF amount will be transferred into your UAN account.
Note- Please keep the following documents at the time of withdrawal of your Provident Fund:
1- A UAN account number with matching the name.
2- Your Adhaar Card.
3- Your DOB and Father’s name should match with Adhaar details.
4- Your employer should register the exit date in EPFO records.
These identity proof and documents are enough in withdrawing your provident fund amount easily. All you need to do is, follow the above steps carefully and bring the all required documents. But don’t forget to ensure the right time of withdrawing PF money. Thanks for visiting… The discussion thread is open, utilize it.