EPFO: Now PF claim will not be rejected again and again, online process has become easy, know the complete process of withdrawing money.
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EPFO Online Claim: You get better returns every month on investment in Employees Provident Fund Organization. One good thing about it is that you can withdraw a part of the amount deposited in it at the time of your need. Due to the entire process being online, account holders have got great convenience. However, sometimes PF account holders have to face difficulty in withdrawing money. His claim gets rejected again and again. The Finance Ministry has recently ordered that the claims of EPFO subscribers should not be rejected more than once. Along with this, the claim should be settled within the stipulated time. The ministry has said in its order that many cases of delay in payment and harassment have come to light in recent times. There have been cases of many shareholders in which the claim was rejected for a specific reason. Whereas, after the reform, Clell kept getting rejected for various reasons. Due to this he had to face problems. In such a situation, all the responsible officers associated with EPFO should ensure that no claim is rejected.
When can shareholders withdraw money?
Shareholders of Employees Provident Fund Organization can withdraw the amount deposited in their account partially or completely. According to the rules, when an employee retires or is unemployed for more than two months continuously, he can withdraw money from his PF fund. Apart from this, in case of any medical emergency, marriage, home loan payment or any other emergency, a person can withdraw some amount of money from his account. To withdraw it, the account holder has to apply online.
How to withdraw money
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Get Account Number and UAN: First, you need to get your EPFO account information, such as account number and UAN. If you do not have a UAN, you can get it from your employer.
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Login to UAN Portal: Login to UAN Portal (Unified Portal), whose website is.
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Update Details: After login to your UAN portal, update your account details, such as your name, bank account number, and other necessary information.
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Apply for Withdrawal: After login to the UAN portal, go to “Online Services” or “Claim (Form-31, 19, 10C & 10D)” section and apply for withdrawal of money from your account. You have to fill Form 31 to withdraw money.
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Submission Process: Once your application is correct and complete, your application will be approved and processed by EPFO.
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Withdraw funds: When your application is processed, your money will be deposited into your specified bank account.
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Money arrives in 15 days: An SMS will come on your mobile number registered with EPFO. Once the claim is processed, the amount will be transferred to your bank account. This money usually arrives within 15-20 days.
UAN number will have to be linked to Aadhaar number.
A good news for EPFO members is that they are likely to get interest on their deposits soon. However, to get the interest amount, it is first necessary to link the UAN number with the Aadhaar number. Along with this, employees who have opened a new account or made any changes in the account details are also required to link Aadhaar. To link Aadhaar, first go to EPFO website. Login there by giving the required information and go to your account. Click on KYC under Manage menu. Select the Aadhaar option and enter your details. After this click on save. Here it will be verified using UIDAI data. After completion of KYC, Aadhaar will be linked to the EPF account.
What is EPFO?
The Employees’ Provident Fund Organization (EPFO) was established in 1951 by the Ministry of Labor and Employment, Government of India. Through this statutory institution of the Government of India, people are encouraged to save for retirement. The current interest rate on PF is 8.15 percent. It is possible to easily calculate the interest amount to be credited to the EPF account at the end of a financial year. This amount is added to the contributions of the employer and the employee at the end of the year to know the total balance in the account.
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