How to withdraw pf amount while working

Posted on 20th Aug 2018 | 1116 views

5 avg. rating (100% score) - 1 votes

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.

How to get 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PF amount withdrawal can depend on the circumstances, for instance, if PF has to be withdrawn for marriage and education employer has to complete 7 years of service then he/she can withdraw 50% of provident fund share this only applied for in case of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including DA and HRA if the amount is not used and cab deposited back at the rate of 2% per annum.EPF amount can be withdrawn online or manually, recently online mode is preferred than offline mode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.

0 Comments on How to withdraw pf amount while working

Comment as a guest:

POPULAR POSTS

What is Appointment letter Format?

26th Jun 2018

Top 10 facts why you need a cover letter?

08th Jun 2018

Are you looking for a job in Event Management?

28th May 2018

Pharmaceutical job opportunities on rise in Gulf

23rd May 2018

MNC Vs Startup: Are you Confused to Choose between?

09th Aug 2017

Perspectives of Unemployment in India

01st Jul 2013

Have your Say!

View All

How consistently does your organization reward you for good work?


Very difficult

Reasonably consistently

Not at all consistently

Vote

Press Corner

View All

All rights reserved © 2018 Wisdom IT Services India Pvt. Ltd DMCA.com Protection Status