You can use the funds for any of the reasons specified in the regulations if you have previously amassed a sizeable corpus in your Employee Provident Fund (EPF) account. If You wonder to know how to withdraw money from epf online than you should know that to withdraw your money as an EPF subscriber, you must complete Form 31.
Wondering how to withdraw PF online with UAN, Before that you need to be aware that according to EPF withdrawal rules you can withdraw money from your EPF for a variety of reasons. These include getting married or having children educated past matriculation (i.e., after the tenth grade), taking time off work within a year of retirement, getting sick for personal or family reasons, buying a home or apartment, and building a home, including acquiring a site. Govt. has increased EPF withdrawal limit from ₹50,000 to ₹1 lakh all these personal financial reasons.
Withdrawal from EPF: You may ask for an EPF advance for a variety of reasons. These include marriage or children’s post-matriculation schooling, leaving within a year of retirement, receiving medical treatment in some situations, buying a home, and building a home.
How to withdraw money from epf step wise step online
- Click to online services on official EPFO websiy
- Login EPFO member portal with your UAN (universal account number) and password.
- Fill details such your name, date of birth, PAN, Aadhaar number, and more
- Now you need to click ‘proceed’ for an online claim.
- Then select PF Advance (form 31) given in the drop-down menu
- Then specify the reason for claiming advance which may be illness, education, or buying a house
- After that enter the amount that you want and mention the current address.
- Sign the ‘disclosure form’.
- After that click Aadhaar OTP to receive a OTP on your phone & validate OTP
- Finally Submit form of PF withdrawal online
