How to withdraw pf amount while working
How to get pf amount? Employee provident fund is available for the employees subscribed to the PF scheme and in order to for an employee to withdraw PF amount certain conditions are to be met the first employee at retirement age can withdraw PF amount.
Can I withdraw my PF? An employee can withdraw PF amount while working by submitting form 19 by the approval of the employer.EPFO has implemented the new law that employee unemployed for two months can withdraw 100 percent of PF amount, employee separating from the organization or working in an organization with the employer approval.
How to withdraw PF without leaving the job? An employee can only withdraw the partial amount from the provident fund in cases like
Education
Medical treatment
Purchase of house
Housing loan repayment
Marriage
Repair of house
Withdrawal prior to retirement
PF amount withdrawal can depend on the circumstances, for instance, if PF has to be withdrawn for marriage and education employer has to complete 7 years of service then he/she can withdraw 50% of provident fund share this only applied for in case of family members of the employee.
For medical treatment, the employee can only withdraw PF amount 6 times the salary including DA and HRA if the amount is not used and cab deposited back at the rate of 2% per annum.EPF amount can be withdrawn online or manually, recently online mode is preferred than offline mode
To withdraw EPF online employee must visit the UAN portal and login with credentials (universal account number and password). Then click on the tab and select KYC check for checking andto verifyany details of ADHAAR and PAN. After verification of the KYC details click on the tab online services select the option claim in the drop-down menu. The claim will open on a new window with the details if the employee to claim the amount click proceed for the online claim form. In the claim, form employee needs to state full EPF settlement or for a loan or for another purpose under I want to apply for tab as per the options showed due to the criteria of the service.
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