New Delhi: Many industries have been closed due to the lockdown due to Covid Mahamari. In such a situation, people have also lost their jobs. Many people are getting along with salary deduction. In this situation, as an emergency fund, EPFO has given the facility of partial withdrawal to the PF account holders. Under this, PF account holders can withdraw some amount. However, experts say that there is a loss in maturity when the amount is withdrawn from the PF account. So withdraw only as much as you need.Also Read: RC: Having trouble getting the vehicle registration transferred? These easy ways will work
Well, withdrawing money from PF account is quite easy. It can be accessed from the direct link given on the EPFO website. The whole process is online. You can apply for PF withdrawal from home itself. The amount will be credited to your account as soon as possible. But before withdrawing money from PF, it is important to keep some things in mind. For example, it is very important to update the bank account number, phone number, Aadhaar card number in the account. If any of these information turns out to be wrong then the PF Withdrawal request will fail. According to the information given on the website of EPFO, before giving PF wirhdrawal request, check these things:Also Read: EPFO: Forgot your UAN? Find out with these easy ways
KYC updation
If the KYC of the PF account holder is not updated, then he will not be able to withdraw money from the account. Not only will the KYC details be completed, but it will also have to be verified. Members can take the help of e-sewa account to update KYC.
DoB being wrong
If the date of birth recorded in the PF account is different from the record recorded with the employer, then the account may be frozen. Then neither will you be able to withdraw money nor will you be able to do any other work. EPFO has given a chance to the PF account holders to correct the birthday. In this, account holders can get the birthday corrected up to 3 years.Also Read: Income Tax: Need Form 26AS? Get it in a pinch with these steps
Bank account details
At the time of PF Withdrawal, also keep in mind whether your Seeded Bank Account number is updated or not. Somewhere its IFSC has not changed. Even if this happens, the amount will not be credited in the account. While making PF withdrawal, update the account details beforehand.Aso Read: These are the 5 best options to invest after retirement, will earn well
Aadhaar-UAN Linking
EPFO has now decided to link Aadhaar with UAN to nab Dummy PF account holders. However, its last date has been extended several times. But it would be better if you link UAN-Aadhaar, then there will be no problem in PF withdrawal claim.
