If you do a job, then you may also have a PF account. It depends on the size of the company and whether the PF of the employees will be deducted or not. PF accounts of employed people are opened by the Employees Provident Fund Organization ie EPFO. At the same time, every month a certain amount is deducted from the salary of the employee in these accounts. The same amount is also deposited by the company every month in the PF account of its employees. At the same time, annual interest is also available on this money. Amidst all this, if you ever need money, you can withdraw advance money from your PF account in between jobs. So let's know about this. You can learn about it in the next slides...
How much money can be withdrawn and how long does it take?
If you withdraw money from your PF account by choosing the option of Kovid, then you can withdraw up to 75 percent of the amount. At the same time, this money comes to your bank account within about 3 days.
You can withdraw money by following this process:-
Step 1
If you also want to withdraw advance money from your PF account for any reason, then you can withdraw
For this, you have to visit the official website of EPFO unified portal-mem.epfindia.gov.in/memberinterface
Now you have to enter your UAN number and password
Step 2
Then enter the captcha code given on the screen
After this log in and select the option of services
Then you have to click on the option 'Form 31, 19, 10C and 10D'
Now verify it by entering your bank account number
Step 3
Then click on 'Certificate of Undertaking' and select 'Proceed for Online Claim'
Now choose the reason for withdrawing money from it Covid Advance
After this fill in your full name, and address and then upload the scanned copy of the checkbook or passbook
Finally, click on the terms and conditions and fill in the OTP received on the mobile.
(PC: Freepik)
