अब UPI और ATM से तुरंत निकलेगा PF का पैसा! EPFO New Withdrawal System

Benefits of withdrawing PF and what precautions should be taken

PF i.e. Provident Fund is the most reliable savings for any employed person. You can withdraw it at the time of need and use it for expenses like medical, marriage, children's education or buying a house. But while withdrawing money, it is important to keep some things in mind - such as correct information of documents, UAN activation and updated details on the portal.

Withdraw PF in just 5 easy steps

1. First of all go to the EPFO ​​​​website. Login with your UAN (Universal Account Number) and password.
2. Click on the ‘Online Services’ tab.
3. Go to ‘Claim (Form 31, 19, 10C)’ and fill the form.
4. After filling all the information, submit the form and verify with OTP.
5. After doing this, your claim process will start and the money will come directly to your bank account.

Which documents are required?

1. Keep some important documents ready in advance to withdraw PF so that there is no interruption in the process.
2. Aadhaar Card – For your identity
3. PAN Card – For tax related information
4. Bank Passbook or Cancelled Cheque – For bank account details
5. UAN number – For the account linked to the claim
6. Mobile number – For OTP verification
7. Email ID – For contact
8. Salary Slip and Nominee Details – For additional information in some cases

What are the benefits of online PF claim?

Now you can withdraw EPF money from home, without visiting any office. The biggest advantage of the online process is fast processing, approval in less time, and money directly in the account.

1. Birth certificate will be available within 7 days of birth – Big decision of the government! Birth Certificate
2. The entire system is transparent
3. Security is maintained through OTP verification
4. Option to check status is also available
5. Some important tips that will help
6. When you are withdrawing PF, keep in mind the tips given below:
7. Keep all the documents scanned and ready in advance
8. The information on the UAN portal should be updated
9. Check once before submitting the form
10. The network on the mobile should be good so that OTP is received on time
11. After submitting the claim, keep checking its status from time to time

What to do if there is a problem?

Sometimes some common problems may arise while withdrawing PF – like OTP not coming, server down, or problem in uploading documents. Don't panic, there is a solution for this:

1. First check if the mobile number is correct
2. Keep the size and format of the document correct
3. Contact EPFO's helpline, chat support, or email
4. Try again after some time

When to withdraw PF - what is the right time?

1. Everyone's needs are different, but the right time to withdraw PF is when:
2. There is a medical emergency
3. The time of retirement has come
4. There are expenses for marriage or children's education
5. Buying a house or repaying a loan
6. There is a sudden major financial need

What should be done after withdrawing PF?

The most important thing after withdrawing money is to use it properly. This money is your savings, so invest it in some important expenses or investment.

1. Keep some money in emergency fund
2. Be sure to check tax related information
3. If possible, invest some part of the money in mutual funds or fixed deposits
4. Do not spend anything unnecessarily, otherwise the purpose of PF will be lost

Disclaimer

This article is written for general information purpose and it is not a substitute for government legal advice. The process and rules for withdrawing PF may change from time to time, so be sure to check the latest information by visiting the official website of EPFO.