look news india
Employees Provident Fund Organisation: Employees' Provident Fund Organization (EPFO) provides its shareholders the facility to withdraw money from their PF account as and when needed. Shareholders can withdraw money for many important purposes including buying a house, treating illness, etc. Many changes have been made in EPF recently.
After this, withdrawing money from PF has become very easy. Along with this, permission has been given to withdraw Rs 1 lakh from PF instead of Rs 50 thousand as emergency fund. In such a situation, do you know that you can withdraw money from your PF account even without the approval of the company. Let us know how you can withdraw money from your PF account without the permission of the company.
These documents are necessary for EPF withdrawal:
- Universal Account Number (UAN): Your unique identification number for EPF accounts.
- Bank Account Details: Details of the bank account where the EPF amount will be transferred.
- Proof of Identity and Address: Valid documents that confirm your identity and current address (such as Aadhaar Card, Passport or Voter ID Card).
- Canceled Cheque: A canceled check with IFSC code and account number to facilitate transfer.
This is the complete withdrawal process
It is possible to withdraw EPF amount even without the signature of the employer. You can do this through online claim generation. The money reaches your account within 15 days of your claim.
However, to withdraw money from your PF account without company permission, you must have an active Universal Account Number (UAN), updated KYC and your mobile number must be registered with your UAN. If these conditions are met, you can successfully withdraw your EPF amount without requiring the signature of your employer.