Workers put money into their Employees’ Provident Fund (EPF) accounts to save for the future, especially for things like expenses after they stop working. With EPF, they can take out some money for certain needs, like medical emergencies, getting married, or buying a home. This article will help you with the steps to take money out of your EPF account, whether you do it online or offline using the EPFO Home portal. To fully understand, make sure to read the entire article.
Login To Withdraw EPF Button
Conditions that allow taking out money from EPF account
If you put money in the EPF and want to take it out, you need to fulfill certain conditions set by the government:
- Education: People with EPF accounts can take out half of the money they’ve saved to help pay for their kids’ schooling.
- Getting married? If you have an EPF account, you can take out 50% of the money you’ve put in for your own wedding or the wedding of your son, daughter, brother, or sister.
- If employees have a medical emergency for themselves or their family, they can take out their EPF savings and get six months’ worth of salary and DA.
- People with disabilities who have EPF accounts can take out both their EPF savings and six months’ basic salary for medical treatment.
- Paying Back Loans: If you work for the government, you can ask to take out money from your Employee Provident Fund (EPF) savings to pay off loans from banks. You can do this after working for 10 years.
- Buying a Home or Land: People working for the government or private companies, who have money deducted from their salary for things like EPF and DA, can use that money to buy a house or land.
Instructions for Taking Out Your Provident Fund (PF)
If you need to take money out of your PF account, just follow these steps:
- To start, visit the EPFO official website at https://www.epfindia.gov.in/. Then, on the homepage, choose the “Services” option.
- Upon clicking on this option, you will see several choices. From there, select “For Employees.”
- After you select this option, a new page will appear. On that page, choose “Member UAN/Online Service (OCS/OTCP).”
- After that, a page will show up. On this page, you have to put in your UAN number, password, and the captcha code. Once you’ve entered these details, just click the “Sign In” button below.
- Afterward, go to a page and click on “Online Services” in the menu. Then, a list of choices will show up. From those options, click on “Claim (Form -31, 19, 10C & 10D).”
- When you click, the important information will show up on your screen. You need to type in your bank account number and click “Verify.” After that, a message will pop up on your screen, and you should click “YES.”
- After you complete this step, your bank information will be checked. After that, you need to click on “Proceed to Online claim” at the bottom.
- Next, you’ll see a page. Look for the part that says “I Want To Apply For.” If you want to take out all your PF money, choose “PF withdrawal Form 19.” Or if you only want to withdraw your pension, choose “Pension Withdrawal (Form -10C).”
- Click on it, and you’ll see various options below. Now, provide or upload all the necessary information as asked.
- Please share a picture of your checkbook or bank passbook.
- After that, check the box below and then click on “Get Aadhaar OTP.”
First, you’ll get a code on your phone, put it in the code box. After putting in the code, press the button that says “Validate Code And Send Claim Form.” When you click it, your form will be sent, and you can get the receipt by clicking “Click Here” below.