PF: Can you withdraw PF money in times of need? Know what is the process
There are crores of employed people in the country, who have a Provident Fund account. Every month a part of the employee's income is deducted and deposited in his PF account. The money deposited in the PF account works to provide financial security to the employee after his retirement. Investment made in Provident Fund is a long term investment. EPFO works to provide stability and security in the life of the employee.
The amount deposited in EPFO is invested in government bonds or other safe places. Often, people face an emergency situation. In such a situation, their savings run out. Due to this, many people often have a question whether PF money can be withdrawn during an emergency? If you also want to know about this, then this news is especially for you. Today we are going to tell you about this. Let's know -
Under the rules of EPFO, you can withdraw PF money during an emergency. To withdraw PF money in case of emergency, you first have to visit its official website and login.
After doing this, you will see the option of UAN and Password on the right side. Here you have to login by entering all the necessary information and filling the captcha. After doing this, a new page will open on your screen.
Here you have to click on the tab of Online Services on the right side. In the next step, click on the Claim section. After doing this, you have to verify the bank account and select the option of Proceed For Online Claim.
After this, select PF Advance Form 19 and fill the details in the form like the reason for withdrawal, how much money is to be withdrawn etc. After doing this, upload the check of the bank account or a copy of the passbook. Finally, you have to verify with Aadhaar by giving your consent.