How to Withdraw Money From EPF Account: Check All Details Here

If you also want to withdraw money from EPF account, given here is the entire process to go about it.

Check All Details Of How To Withdraw Money From EPF Account.

(Photo Courtesy: EPFO)

If you have a private job, some part of your salary is deposited every month in EPF, as in Employees Provident Fund account.

The EPF is mostly used to meet post-retirement needs. However, one can be allowed to withdraw the money before that.

If you also want to withdraw money from EPF account, given below is the entire process to go about it.

Conditions for Withdrawing Funds From PF Account

The amount that can be withdrawn from your PF depends on the status of your account. If you want to withdraw money from your PF account on the account of wedding, you can withdraw only 50 percent from the PF account.

However, it is important that you must have completed seven years of working. At the same time, you can withdraw 50 percent of your contribution from EPF account with higher interest for the higher education of your children.

If you want to buy a house or land, you must have completed 5 years of work.

You can withdraw money up to 24 times the monthly salary for buying land and up to 36 times the monthly salary for buying a house.

Medical Emergency

If you want money for treatment or a medical emergency, you can withdraw 6 times your salary or the full amount of PF.

For this, you need proof of the hospitalisation and leave certificate for a month or more.

Withdraw Money After Leaving Job

The EPFO last year allowed its employees to withdraw 75 percent of the PF if they were unemployed for a month or more.

At the same time, the remaining 25 percent of the amount deposited in EPF can be withdrawn after two months of leaving the job.

How To Withdraw Money From EPF Account Online?

If you also need the money and you want to withdraw money from EPF account, then click on this link first.

1. Enter your UAN number, password and captcha here.
2. After this click on Manage and check KYC.
3. After this, go to Online Services and click on Claim (FORM-31, 19 & 10C).
4. Here, there are options for withdrawing full money, some money for loans and advances.
5. After clicking it, fill and submit the claim form online.
6. Within 10 days, the amount will be credited in your registered account number.