PF Withdrawal Rules: What to do if you have changed jobs and want to withdraw the entire PF amount? Know what is the process of withdrawing money
PF Withdrawal Rules: If you are changing jobs. So you can withdraw the entire amount from your PF account. How can you withdraw the entire amount from your PF account? Let us know what will be the process for this.
PF Withdrawal Rules: Almost all working people in India have a PF account. The advantage of a PF account is that you can withdraw money whenever you need. If you are changing jobs. So you can withdraw the entire amount from your PF account.
If you want to withdraw the entire amount from your PF account. So for this, first of all, you have to go to the official website of the Employees Provident Fund Organization i.e. EPFO https://unifiedportal-mem.epfindia.gov.in/memberinterface/. After this, you will have to log in by entering your universal account number i.e. UAN number, password, and captcha.
After logging into your PF account, you will have to click on Manage. After this, you will have to check your KYC. After this, you have to click on online service. Here you have to click on Claim Form-31, 19, and 10C.
After this, you will see three options. 'Full EPF settlement' means withdrawal of the entire amount. After this, the 'EPF Part Withdrawal' option will appear to withdraw money for loans, advances, and pensions.
You can choose any of these options for which you are eligible. If you want to withdraw the entire amount then click on Full EPF Settlement. After this, you will have to fill out the claim form. Within a few days, your entire PF amount will be deposited in your registered bank account. Details of which will also be shared with you on your registered phone number.
If your number is linked to your existing PF account. So in such a situation, you will not be able to withdraw money from the PF account of the previous company. In such a situation, you will have to merge your old PF account with the new PF account. For this, you have to go to the official website of EPFO https://www.epfindia.gov.in/. After this, you have to click on services. After this, you have to click on For Employees.
Then on the new page, you will see the option of One Employee-One EPF Account. After clicking there, you will have to log in by entering your UAN number, password, and captcha. After this, you will be shown the details of your old PF account. You have to enter your app number there and click on submit, after this, your application will be completed. An approval request will be sent to your current temperature. Once it is approved, your old account will be merged with the account nominated by EPFO.