The Employee Provident Fund (EPF) scheme run for the people working in the Employees' Provident Fund Organization (EPFO) in India is very popular. This is the best and safest government scheme for creating a retirement fund, in which both the employee and his company make financial contributions every month. Money gets deposited in it and also gets good interest. The advantage of a PF account is that employees can withdraw money when needed. If you are changing jobs, you can withdraw the entire amount from the account. After all, what is its complete process? Today we tell you about it.
Know how to withdraw the entire amount?
If you want to withdraw the entire amount from your PF account, then for this, first of all, you have to go to the official website of the Employees' Provident Fund Organization (EPFO) https://unifiedportal-mem.epfindia.gov.in/memberinterface/. Here you log in by entering your Universal Account Number (UAN) number, password, and captcha code.
After logging into the PF account, click on Manage. Then check your KYC. After this, you have to click on online service. Then here you click on FORM-31, 19 & 10C. Here you will see three options. 'Full EPF Settlement' means to withdraw the entire amount. Then 'EPF Part Withdrawal' for loan and advance and the option to withdraw money for pension will appear.
You will be eligible for the options. You can choose any of them. If you want to withdraw the entire amount, then click on Full EPF Settlement. After this, fill out the claim form. After a few days, the entire PF amount will come to your registered bank account.
You can merge the PF account
If your UAN number is linked to the existing PF account, then in such a situation you will not be able to withdraw money from the PF account of the previous company. In this situation, you will have to merge your old PF account with the new PF account. For this, you will have to go to the official website of EPFO, https://www.epfindia.gov.in/. Then you have to click on Services, after which you have to click on For Employees.
After this, the option of One Employee-One EPF Account will appear on the new page. After clicking there, you will have to log in by entering your UAN number, password, and captcha code. After this, you will see the information on the old PF account.
There you have to enter your EPF account number and submit it. After this, your application will be completed. Your existing company will have to approve it. After this EPFO will merge your old account into the new account.
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