How to Withdraw PF Fund: Account holders can withdraw advance either for their marriage or for the marriage of their family members. Family members include sons and daughters as well as brothers and sisters. That is, advance money can be withdrawn from PF accounts for the marriage of siblings. Now it comes to how much money you can withdraw.
Employed people invest in Employee Provident Fund (PF Account) as savings. On which they are given interest by the government. A part of the salary is invested in this. This year the government has increased the rates of PF. Account holders (EPF Members) will get interest at an interest rate of 8.15 percent. In its first year 2021-22, the interest was reduced. Which was 8.1 percent. But do you know that PF account holders can withdraw money from their account if necessary. If you want, you can withdraw money from PF account for your own or your children’s marriage.
How much money can be withdrawn?
The account holder can withdraw advance either for his own marriage or for the marriage of his family members. Family members include sons and daughters as well as brothers and sisters. That is, advance money can be withdrawn from PF accounts for the marriage of siblings. Now it comes to how much money you can withdraw. You should know that you can withdraw 50 percent of the amount deposited in the PF account for marriage.
This condition is necessary
- You can withdraw fifty percent from PF account only when your account has completed seven years.
- The amount can be withdrawn from PF accounts only three times for education and marriage.
- Your UAN number should be active to withdraw money.
- It is necessary to link PF account with your Aadhaar card.
- You can also apply online to withdraw money from PF account.
- You can withdraw money in just 72 hours through an easy online process.
Check your pf balance like this
- First of all you have to go to the official website epfindia.gov.in.
- Now go to the e-passbook option.
- Now UAN number, password and captcha code have to be entered.
- Through Membership ID, you can see the passbook. It can also be downloaded.
