There is good news for 6 crore EPFO ​​members. Now when you withdraw from PF account, money comes in your account within 3 days. In Corona’s view, the EPFO ​​side has allowed its subscribers to withdraw upfront funds from future funds. Under this, members are allowed to withdraw up to three months of basic salary (base salary + dearness allowance) or up to 75 percent of the amount deposited in their future fund account, whichever is less. To help its subscribers in the second wave of the COVID-19 pandemic, the EPFO ​​has allowed its members to take the COVID-19 advance for a second time, the Ministry of Labor said in a statement.

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A special withdrawal was made in March 2020 under the Pradhan Mantri Garib Kalyan Scheme (PMGKY) to meet the financial need of the members during the Corona. The Employees Provident Fund Organization (EPFO) allowed its members to withdraw funds early last year to meet emerging needs due to the epidemic.

Just a few days ago, retirement fund management firm EPFO ​​approved a second withdrawal from the PF account to compensate its more than five million subscribers. Country.

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Online withdrawal process

1- Login to EPFO.

2- Select the Right (Form-31, 19 and 10C) option in the online service.

3- Member details are displayed on the screen. Now you have to enter the last four digits of your account and then click verify.

4- After agreeing to the terms and conditions, click Procedure Online Claim.

5- After this you must select PF Advance (Form 31). Where should you give the reason why you are withdrawing the upfront money.

6- Once the cause is clear, the sum and full address will be asked. Submit your form after filling out all the necessary information.

7- After filling everything, OTP comes with your registered mobile number. After filling out the OTP, your claim will be filed.

8- After the employer’s approval, the money comes into your account and you are able to withdraw it easily.

The process of retirement group self-settlement is much faster than before. Those who renew their KYC document on the EPFO ​​website will be entitled to the same money. According to the Ministry of Labor, due to auto settlement, a claim settlement can now be made in three days.

SBI customers do not have to go to the bank to renew the nominee, understand the entire process step by step