Employees deposit money in their provident fund accounts to save for expenses or challenges they are about to face in the future, after retirement. Employees' Provident Fund (EPF) deposits can be partially withdrawn by the employee, but this partial withdrawal can only be made for purposes like medical issues, marriage, home loans, and so on.
Employees can withdraw money from their EPF accounts through both online and offline methods, but they need to adhere to specific rules. In this article, I will guide you through the complete process of withdrawing your PF money online and offline through the EPFO Home portal. So, candidates, please read this article to the end for the complete information.
EPF – Overview
|Name of Organization||Employee Provident Fund Organization (EPFO)|
|Name of Article||EPF WITHDRAWAL|
|Name of Ministry||Ministry of Labour and Employment, Government of India|
|BEneficiary of the Scheme||Government and semi-government employees.|
Under What Situations can EPF Money be withdrawn?
If you have kept money in the EPF and wish to withdraw it, you must meet the following conditions set by the government:
- Education: EPF account holders can withdraw up to 50% of their total deposited amount for the purpose of paying for their children's education.
- Marriage: EPF account holders can withdraw up to 50% of their total deposited amount for their wedding or the wedding of their son, daughter, brother, or sister.
- Medical Conditions: Employees can withdraw both their EPF contributions and 6 months' worth of salary and DA in case of medical emergencies for themselves or their family.
- Differently abled Individuals: Individuals with a disability who hold EPF accounts can withdraw both their EPF savings and six months' basic salary for medical treatment.
- Loan Repayment: Government employees can request the withdrawal of their EPF savings to repay loans taken from banks. This option is available after completing 10 years of service.
- Housing and Land Purchase: Government and private employees who have contributions like EPF and DA deducted by their company or the government can utilize this money to purchase residential property or land.
How to Withdraw Your PF?
If you want to withdraw money from your PF account, you can follow the steps below -
- First, go to the official website of EPFO at https://www.epfindia.gov.in/. On the homepage, click on the "Services" option.
- Upon clicking on this option, you will see several choices. From there, select "For Employees."
- After clicking on this option, a new page will open. On this page, click on "Member UAN/Online Service (OCS/OTCP)."
- Next, a page will appear where you need to enter your UAN number, password, and captcha. After entering these details, click on the "Sign In" button located below.
- Thereafter, a page will open where you need to click on "Online Services" in the menu bar. Once you do that, a list of options will appear. From these options, click on "Claim (Form -31, 19, 10C & 10D)."
- Upon clicking, all the necessary details will appear on your screen. You'll have to enter your bank account number and click on "Verify." After this step, a message will be displayed on your screen, click on "YES."
- Once you do this, your bank details will be verified. Thereafter, you have to click on "Proceed to Online claim" at the bottom
- Then, a page like this will appear, where you need to go to the section labeled "I Want To Apply For." If you want to withdraw your entire PF balance, click on "PF withdrawal Form 19." Or Only Pension Withdrawal (Form -10C)
- After clicking on it, many options will appear below. Here, fill in or upload all the required information as requested.
- Upload the copy of your checkbook or bank passbook.
- Thereafter, click on the checkbox located below and then click on "Get Aadhaar OTP."
Then, an OTP will be sent to your registered mobile, enter it in the OTP area. After entering the OTP, click on the "Validate OTP And Submit Claim Form" button. Once you click on it, your form will be submitted, and you can download the receipt by clicking on the "Click Here" option below.