Pf money withdrawal: If you want to withdraw money from your Provident Fund (PF) account, now you will not need any paper work. The government has made this process very easy. The Ministry of Labor and Employment have informed in Parliament that if your PF account is linked to Aadhaar, PAN number and bank details are also correct updates. If all the information is matching the EPFO’s record, then the money in some click will be transferred to your account.
Actually, EPFO started Composite Claim Form in the year 2017. Through this, you can withdraw advance money from PF for many important tasks like marriage, medical emergency, education of children, home purchase. You can withdraw this money without any medical certificate or other document. Meaning now you do not need to do any paperwork.
EPFO has also stated that Aadhaar OTP and face verification has now been made mandatory keeping the safety in mind. So that there is no scope for any kind of fraud. In today’s time, more than 90% of PF claims are being made online and many of them are settled through auto-settlement within just 3 days.
Easy procedure to remove PF
Go to EPFO’s website or Umang app.
Login with your UAN and password.
Check that Aadhaar, PAN and bank details are updated and verified.
Go to the online service tab and click on Claim (Form-31, 19, 10C).
Choose the reason for withdrawing money like marriage, disease, buying house etc. and fill the necessary information.
Then submit the form with OTP or face verification.
If everything is correct, then money can come to your bank account in just 3 days without giving any extra document. So now check and update the details of your EPFO account, so that you can get immediate money without any hassle at the time of need.