EPF Withdrawal: Steps-By-Step Process On How To Withdraw Your PF Amount

Employees' Provident Fund (EPF), also known as PF (Provident Fund), is a mandatory savings scheme for employees of an established organisation. The scheme offers an interest rate of 8.15% to employees contributing 12% of their basic pay every month to this corpus.

As per the EPF rules, the employer contributes a matching amount to the employee's PF account.

Employees can withdraw the entire sum accumulated in their EPF once they retire. In this article, we will tell you easy steps on how to withdraw your provident fund (PF) amount in case of an emergency.

When Can You Withdraw EPF?

You are allowed to withdraw EPF either entirely or partially.

Complete EPF Withdrawal

EPF can be withdrawn entirely only under the two circumstances:

• When a person retires
• When an individual is unemployed for over one month, he/she can withdraw 75% of the total accumulated amount and can withdraw the remaining 25% if the unemployment period extends beyond two months.

Partial PF Withdrawal

Partial withdrawal of EPF balance is only allowed under certain circumstances. These include:
1. Education
2. Medical Purposes
3. Marriage
4. Purchase of land or purchase/construction of a house
5. Home loan repayment
6. House renovation
7. Partial withdrawal before retirement

Things you need to withdraw your PF online:

1. Universal Account Number (UAN)
2. Aadhaar number must be linked and verified with UAN
3. The bank account where you need to receive your money must be the same as the bank account registered with your Aadhaar
4. If there is any change in details, you can complete the eKYC process and update your details before you submit a claim.

Steps to withdraw PF amount with UAN:

1. Log in to the EPFO e-SEWA portal
2. Visit the online claims section
3. Enter bank account details
4. Confirm Terms and Conditions
5. Select reason for withdrawal
6. Enter details and upload documents
7. Get the OTP you received on your registered mobile number and your claim application will be submitted.