As a worker in India, leading companies provide their employees with Provident Fund (PF). The PF serves as a retirement saving scheme sponsored with the aid of the authorities of India. Every month, a proportion of your earnings is deducted towards PF, and even the organization has to position its contribution percentage. You also earn a hard and fast interest on the total amount of cash. Once you stop your activity, you can switch to a new business enterprise. You can also move for PF withdrawal if you need to withdraw the cash.
Earlier, you had been required to fill the bureaucracy and publish hard and fast documents for PF withdrawal. However, today, you can sincerely log in to the EPFO internet site and follow for PF withdrawal with just a few clicks. Here’s how to go about it.
Prerequisites for PF withdrawal
Before you pass in advance and apply for PF withdrawal, you must recognize your UAN (Universal Account Number). You can get your UAN from your salary slip. Next, if you’re doing this for the first time, you want to go to the eSewa Portal here and set off your UAN.
To set off your UAN, your mobile variety must be connected with the UAN, as you may get an OTP for authentication. Your Aadhaar number must further be related to the PF account. If not, you must click on the ‘Manage’ tab observed with the aid of KYC after logging in.
Also, before withdrawing your provident fund, you may need to feature details, including your financial institution’s name, account range, and IFSC code. This will ensure that the PF withdrawal quantity will be directly credited to your financial institution account.
