How To Withdraw Money From EPF Account: Step-by-step Process Explained
1 year, 7 months ago

How To Withdraw Money From EPF Account: Step-by-step Process Explained

News 18  

In situations where immediate funds are required and no alternative solutions are available, one can consider withdrawing money from their Employee Provident Fund. Check Online Step-By-Step Guide To Add Details In the EPF scheme, the employee is required to contribute 12 percent of their basic salary each month, and the company matches this contribution. Easy process Previously, employees encountered difficulties when withdrawing funds from the EPF scheme due to the verification process. Online process If your Aadhaar is linked to your UAN, you have the option to withdraw money from your EPF account online. Steps for withdrawing money from the EPF account: Step 1: Visit the official website of EPFO Member e-SEWA, and then login to your account using your UAN login details.

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EPFO members may soon approve their own PF withdrawals: Report
1 week ago

EPFO members may soon approve their own PF withdrawals: Report

India Today  

The Employees’ Provident Fund Organisation is planning to introduce a “self-approval” mechanism for subscribers to withdraw their provident fund money through an automated process. As part of this upgrade, subscribers will soon be able to intimate the EPFO directly about their withdrawal amount, instead of going through the existing manual checks by EPF officers. Sources also revealed that a digital …

Can you withdraw the pension share from your EPF?
3 weeks, 1 day ago

Can you withdraw the pension share from your EPF?

Live Mint  

If you're an employee contributing to the provident fund, your employer might be allocating a portion of it each month to the employee pension scheme. After an amendment on 1 September 2014, new member employees earning a basic pay of more than ₹15,000 per month cannot be a part of the pension scheme. View Full Image Mint To be sure, …

EPF has issues. Can you say No to it?
1 month ago

EPF has issues. Can you say No to it?

Live Mint  

Savings are meaningless if you cannot access them. Most companies deduct 12% of an employee’s basic pay plus dearness allowance and retaining allowance as the monthly EPF contribution. Corporate policy When Thanigai Ravindran’s wife joined a new company as a French translator her EPF contribution dropped fromRs 6,000 to ₹1,800 per month. Some companies allow employees to switch from 12% …

EPF: Want to apply for partial withdrawal of your provident fund corpus? 10 steps to follow
1 month, 2 weeks ago

EPF: Want to apply for partial withdrawal of your provident fund corpus? 10 steps to follow

Live Mint  

If you have already accumulated a considerable chunk of corpus in your EPF account then you can use the money for any of the purposes given in the rules. These include marriage or post matric education of children, withdrawal within one year before retirement, illness in certain cases for own treatment or family, purchase of house/flat, construction of house including …

EPF: What is the missed call service that helps you find about the PF balance?
1 month, 2 weeks ago

EPF: What is the missed call service that helps you find about the PF balance?

Live Mint  

If you are an EPF subscriber and keen to check the account balance and/or the last contribution made, the process is super easy. The only condition is that the member's mobile number must already be registered on the UAN portal. So, those members who are registered on the UAN portal may get their details available with EPFO by giving a …

EPFO Raises PF Withdrawal Limit: New Rule Allows Higher Payout for Personal Needs
3 months ago

EPFO Raises PF Withdrawal Limit: New Rule Allows Higher Payout for Personal Needs

News 18  

The Employees’ Provident Fund Organisation has raised the one-time withdrawal limit for provident fund accounts to Rs 1 lakh, doubling the previous limit of Rs 50,000. The EPFO manages the provident fund, pension, and insurance schemes for the organised sector employees in India, primarily through the Employees’ Provident Fund scheme. Mandaviya also announced another key update: the government has relaxed …

Are you withdrawing your EPF? Know these criteria and rules
1 year, 4 months ago

Are you withdrawing your EPF? Know these criteria and rules

Live Mint  

Many Employees Provident Fund Organization subscribers have inquired on social media platforms about the interest amount that is yet to be credited to their provident fund accounts. To initiate the withdrawal of EPF funds due to unemployment, the account holder must complete a withdrawal application form and furnish evidence of their joblessness. The following supplementary documents may be requisite for …

Provident Fund alert: EPFO to transfer money to more than 7 crore subscribers, steps to check balance
1 year, 4 months ago

Provident Fund alert: EPFO to transfer money to more than 7 crore subscribers, steps to check balance

India TV News  

The Employees Provident Fund Organisation has initiated the process of depositing interest for the financial year 2022–23. The central government approved in July this year raising the interest rate on Employees Provident Fund deposits to 8.15% for the financial year 2022–23. When the sum is credited, users can check their EPF balance in different ways, including the EPFO site, SMS, …

Tech tips: Check your EPF balance online| Follow these simple steps
1 year, 4 months ago

Tech tips: Check your EPF balance online| Follow these simple steps

India TV News  

The Employees' Provident Fund is a significant retirement savings scheme that is mandatory for all employees in India earning up to Rs 15,000 per month. Another convenient option is to use the UMANG application, also known as the "m-Sewa app of EPFO." Here's how: Open the UMANG application and look for "EPFO" under "Employee Centric Services" on the home screen. …

PF account balance: Four easy ways to check
1 year, 8 months ago

PF account balance: Four easy ways to check

India Today  

EPF, or Employees' Provident Fund, is more commonly known as PF. BY GIVING A MISSED CALL: Give a missed call to 011-22901406 from your registered mobile number to inquire about your EPF balance. BY SENDING AN SMS: From the registered mobile number, send an SMS — EPFOHO UAN — to 7738299899 to check the PF balance. Step 4: Click on …

Sudden Need Of Funds? Step-By-Step Guide To Advance Withdrawal of EPF
1 year, 9 months ago

Sudden Need Of Funds? Step-By-Step Guide To Advance Withdrawal of EPF

News 18  

The Employees’ Provident Fund is a retirement savings programme provided to salaried employees. To cover specific financial unforeseen needs, such as medical treatment, a wedding, schooling, home loan, and house construction costs, the Employee Provident Fund Organisation authorises EPF members to make advance withdrawals from their accounts. Here is how you can apply for EPF advance withdrawal online Step 1: …

Here's How To Avoid Rejection Of EPF Withdrawal Claims
1 year, 10 months ago

Here's How To Avoid Rejection Of EPF Withdrawal Claims

News 18  

Before submitting the EPF withdrawal claim you should verify multiple factors like your KYC details and linking of Aadhaar number with UAN. The Employees’ Provident Fund Organisation, which manages the EPF accounts, allows partial withdrawal of the savings under certain conditions. However, in many cases, the Employee’s Provident Fund withdrawal claims are rejected by the EPFO due to multiple reasons. …

How can one withdraw money from EPFO?
2 years, 7 months ago

How can one withdraw money from EPFO?

Live Mint  

I resigned from my job in September 2017 and my last contribution to the Employees’ Provident Fund Organization was in August 2017, at the age of 50 years. As per provisions of Employee Provident Fund scheme, 1952, interest shall not be credited to the account of a member from the date on which the account has become an inoperative account. …

PF Account Holders Alert! EPFO Asks to Avoid these Mistakes or you will Lose Money
2 years, 10 months ago

PF Account Holders Alert! EPFO Asks to Avoid these Mistakes or you will Lose Money

News 18  

PF Account Holders Alert! The employment body further clarifies that it never asks subscribers to share their personal details like Aadhaar, PAN, UAN, bank account or OTP over phone or on social media. Provident fund subscribers must note that EPFO never asks its members to deposit any money through WhatsApp or any social media platforms for its services. It has …

How to withdraw money from your Employees’ Provident Fund online?
2 years, 10 months ago

How to withdraw money from your Employees’ Provident Fund online?

Live Mint  

In India, a fixed amount of money, 12%, is deducted from an employee’s salary every month and deposited in an EPF account along with a matched contribution by the employer. This is a retirement savings scheme, for corporate employees, mandated by the government known as the Employees’ Provident Fund. The first step is logging on to EPFO’s e-sewa portal using …

EPF online: EPFO recommends 6 simple steps to transfer provident fund (PF)
2 years, 11 months ago

EPF online: EPFO recommends 6 simple steps to transfer provident fund (PF)

Live Mint  

EPF online: Employees' Provident Fund Organisation has been taking different initiatives to simplify its services. EPF transfer online is one of the EPFO services that can be done online by logging in at the EPFO member portal. To make provident fund or PF account transfer online more simple, EPFO has suggested 6 simple steps from its official twitter handle. As …

EPF Money to Stop if you Don't Link it With Aadhaar by Today: How to Link Aadhaar with UAN
3 years ago

EPF Money to Stop if you Don't Link it With Aadhaar by Today: How to Link Aadhaar with UAN

News 18  

Aadhaar-UAN Linking Deadline: If you are an employee at the corporate sector and have an account with the Employees Provident Fund Organisation from where you are to get your PF, you must link your account with your Aadhaar. You can link your Aadhaar and UAN using the three options namely — a) Via UMANG App, b) via biometric credentials on …

PF Rules: Want to Withdraw EPF Contributions? Key Things to Know before Withdrawal
3 years, 2 months ago

PF Rules: Want to Withdraw EPF Contributions? Key Things to Know before Withdrawal

News 18  

Many people working in the private sector are resorting to their provident fund accounts, majorly due to the financial crunch owing to the Covid-19 pandemic. Employees’ Provident Fund Organisation, which regulates Employees Provident Funds, gives the subscribers the option of early withdrawal from their PF corpus under certain circumstances. People looking to get out a specific amount from their PF …

PF Interest: 6 Cr likely to Get 8.5% Interest before Diwali. How to Check EPF Balance
3 years, 2 months ago

PF Interest: 6 Cr likely to Get 8.5% Interest before Diwali. How to Check EPF Balance

News 18  

The Employees’ Provident Fund Organization will likely to credit the interest on provident fund deposits for the financial year 2020-21 soon. The retirement body kept the interest rate unchanged on the provident fund deposits at 8.5 per cent for the financial year 2020-21. In March, 2020, the central government introduced a special provision under Pradhan Mantri Garib Kalyan Yojana which …

PF Account Rules To Change From September: Link These Docs To Ensure Money Is Credited To Your EPF Account
3 years, 3 months ago

PF Account Rules To Change From September: Link These Docs To Ensure Money Is Credited To Your EPF Account

ABP News  

New Delhi: Your employer will only be able to credit money in your Provident Fund account from next month onwards if your UAN is linked to your Aadhaar card. Hence, it is mandatory to link your Aadhaar card with the provident fund account to get various benefits of the retirement fund. How to link EPF account with Aadhaar: Step 1: …

PF-Aadhaar Linking Must by this Month to Get EPF Benefits: Step-by-Step Process to Link
3 years, 4 months ago

PF-Aadhaar Linking Must by this Month to Get EPF Benefits: Step-by-Step Process to Link

News 18  

The government issued a mandate in which a deadline of August 31 as the EPFO deadline for linking your Universal Account Number to your Aadhaar card. Link Aadhaar to UAN Using EPFO’s Member Sewa Portal Step 1: Visit the official website for the Member Sewa Portal and log in. Step 2: Click on the ‘Link UAN Aadhaar’ option that appears …

Link your EPFO-Aadhaar before September 1; know how to do it online
3 years, 4 months ago

Link your EPFO-Aadhaar before September 1; know how to do it online

India Today  

Employees’ Provident Funds Ordinance is one of the World's largest Social Security Organisations in terms of clientele and the volume of financial transactions undertaken. And EPFO has earlier issued a notification saying that its subscribers must link their Aadhaar card with their Provident Fund accounts by September 1, 2021 to continue receiving funds into their accounts. EPFO released a statement …

PF Withdrawal: A Step-by-Step Guide to Withdraw EPF Money Online, Offline
3 years, 5 months ago

PF Withdrawal: A Step-by-Step Guide to Withdraw EPF Money Online, Offline

News 18  

The EPF, which is also referred to as PF, is a mandatory saving and retirement scheme designed for employees. PF Account Withdrawal Conditions An individual’s PF amount can be withdrawn either completely or partially. The Withdrawal Process Offline Withdrawal You simply need to download the Composite Claim Form or the Composite Claim Form and submit the filled form to withdraw …

PF Withdrawal: 5 Mistakes to Avoid While Taking Out Money from EPF Account
3 years, 5 months ago

PF Withdrawal: 5 Mistakes to Avoid While Taking Out Money from EPF Account

News 18  

The recession caused due to the pandemic is hitting the working class hard in India. In principle, an employee’s accrued or a portion of the money in an EPF account may be withdrawn in the case of retirement or resignation. However, if you want to claim your PF, avoid these 5 mistakes: UAN Seed Bank Account: The UAN should be …

Provident Fund New Rule: EPFO Alert! Subscribers won't receive PF money if they fail to follow THIS rule
3 years, 5 months ago

Provident Fund New Rule: EPFO Alert! Subscribers won't receive PF money if they fail to follow THIS rule

India TV News  

EPFO Alert: Government or private sector employees, who are Employees Provident Fund subscribers, there is an important update for you. Employees Provident Fund subscribers will have time till September to link their Aadhaar card with the Provident Fund accounts. As per report, the Employees’ Provident Fund Organization has made it mandatory for its subscribers to link Aadhaar Card with PF …

Aadhaar-EPF Linking Mandatory for PF Withdrawals, Benefits: How to Do it Online
3 years, 5 months ago

Aadhaar-EPF Linking Mandatory for PF Withdrawals, Benefits: How to Do it Online

News 18  

Employees’ Provident Fund Organization has made it mandatory to link Aadhaar Card with PF UAN to get PF contributions from the employers and other benefits. Now, the Employees Provident Fund subscribers have time till August 30 to link their Aadhaar card with the Provident Fund accounts. Here’s how you can link your Aadhaar Card with your PF account 1) Visit …

PF Withdrawal Online: How to Withdraw EPF Money Using UMANG Mobile App
3 years, 5 months ago

PF Withdrawal Online: How to Withdraw EPF Money Using UMANG Mobile App

News 18  

Employees’ Provident Fund which is a mandatory contribution from the salary of individuals working in private or governments sectors is one of the most trusted long-term saving scheme in India. Now in view of the ongoing COVID-19 pandemic situation, the agency managing the EPF funds, EPFO has allowed its account holders to withdraw advance fund from their account to meet …

EPF withdrawal: Step-by-step guide to withdraw money online
3 years, 6 months ago

EPF withdrawal: Step-by-step guide to withdraw money online

India Today  

One of the world’s largest social security organizations, the Employees Provident Fund, is a compulsory contribution provident fund that offers saving, pension, and insurance benefits in India. The EPF allows you to withdraw money from your account upon retirement after attaining the age of 55 years. You can withdraw money before the maturity period in the following cases: Purchasing or …

PF, Aadhaar Linking Mandatory to Get EPF Money from June. How to Do it Online
3 years, 6 months ago

PF, Aadhaar Linking Mandatory to Get EPF Money from June. How to Do it Online

News 18  

Starting from June, it is mandatory to link Aadhaar card with the Provident Fund to get various benefits of retirement fund. “Employers will not be able to remit the PF contributions where the Aadhaar is not linked to the UAN effective 1 June 2021,” said Saraswathi Kasturirangan, Partner, Deloitte India. Here’s how you can link your Aadhaar Card with your …

PF Account New Rule: Seeding Of Aadhaar Must Or You Won't Get PF Money From This Month
3 years, 6 months ago

PF Account New Rule: Seeding Of Aadhaar Must Or You Won't Get PF Money From This Month

ABP News  

New Delhi: Here’s an important piece of news for Provident Fund account holders. It means that if an EPF account is not linked to the account holder's Aadhaar number, then the employer's contribution won't get credited to such an EPF account. The EPFO directed the employers to get the UAN of all EPF account holders Aadhaar verified. Here is how …

PF Withdrawal Rule Change: Your EPF Claims Will be Settled in 3 Days, How to Apply
3 years, 6 months ago

PF Withdrawal Rule Change: Your EPF Claims Will be Settled in 3 Days, How to Apply

News 18  

Employee Provident Fund Organization has recently allowed the subscribers to withdraw money from their Provident Fund accounts as non-refundable advance. The new rule EPFO members must know: Earlier, the retirement body used to allow subscribers to withdraw non-refundable advance in certain cases like illness, buying a house etc. In 2020, the central government amended Provident Funds Scheme, 1952 to permit …

How to check your EPF claim status online: Step-by-step guide
3 years, 7 months ago

How to check your EPF claim status online: Step-by-step guide

India Today  

PF is the popular name for EPF or Employees’ Provident Fund. Check here the step-by-step guide to your EPF claim status. How to check your EPF claim status via UAN Portal: Log in to the UAN Member Portal with your UAN and Password. How to check your EPF claim status on EPFO Website: Visit the official EPFO’s portal https://www.epfindia.gov.in. Then …

Partial PF withdrawal is allowed for EPFO subscribers under certain conditions
3 years, 8 months ago

Partial PF withdrawal is allowed for EPFO subscribers under certain conditions

Live Mint  

Provident Fund or PF account is considered one of the most reliable retirement-oriented fund accumulators. However, according to the PF withdrawal norms, an EPF account holder can go for the Provident Fund or PF withdrawal in certain conditions like loss of job, repayment of home loan, buying a home or home renovation, etc. Speaking on the PF withdrawal rules that …

How to update bank account details in EPF account: Step-by-step guide
3 years, 8 months ago

How to update bank account details in EPF account: Step-by-step guide

India Today  

The Employees’ Provident Fund Organisation is a statutory body under the Employees’ Provident Fund Act, 1956. EPFO gives the facility for the account holders to update their bank account details online on the UAN EPFO portal hassle-free. Check here the step-by-step guide for the users to update bank account details in the EPF account. Here is how to update bank …

How to check PF balance without UAN, check details here
3 years, 9 months ago

How to check PF balance without UAN, check details here

India Today  

PF is the popular name for EPF or Employees’ Provident Fund. Members of the EPFO can check their balance without a UAN by visiting the official website of the Employees’ Provident Fund Organization. Check here the step-by-step guide to check your PF account balance without UAN. Here is how to check EPF balance check without UAN: Log in at the …

Want to Transfer Provident Fund (PF) Online? Know How to Do It
3 years, 9 months ago

Want to Transfer Provident Fund (PF) Online? Know How to Do It

News 18  

Once an individual starts his career by working in any of the Provident Fund registered organizations he/she gets registered for PF purpose and then both the employee and employer contribute that fund. However, if you have switched your company and want to transfer your provident fund from your previous company to a new account opened by the current employer, you …

EPFO Withdrawals Hit Rs 30,000 Crore as 80 Lakh People Dig Into Their Retirement Fund
4 years, 4 months ago

EPFO Withdrawals Hit Rs 30,000 Crore as 80 Lakh People Dig Into Their Retirement Fund

News 18  

Amid the COVID-19 outbreak, 80 lakh Employee Provident Fund Organisation subscribers have withdrawn as much as Rs 30,000 crore in less than four months starting from April. The amount withdrawn by EPFO subscribers exceeded the usual outgo recorded during the period, which could be due to layoffs, pay cuts and medical expenses, according to a report by The Economic Times. …

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