new Delhi. Many people have lost their jobs in Coronavirus Pandemic. So there are many people getting their salaries cut. In such a situation, people are living with the Provident Fund amount saved for the future. According to the Employees Provident Fund Organization (EPFO), it has settled 94.41 lakh provident fund claims during April to August i.e. 5 months. By withdrawing such money from such a large number of PF account holders, it can be guessed that these funds have proved to be of great use for them in difficult times. If you also want to withdraw money from your PF account then follow these procedures.
How to withdraw money from PF
1. If you want to withdraw money from your PF account, then click on the link https://unifiedportal-mem.epfindia.gov.in/memberinterface/. Now enter your UAN number, password and captcha.
2. Then click on Manage and check your KYC. After this, go to Online Services and click on CLAIM (FORM-31, 19 & 10C).
3. Here you will see options like withdrawing full money of EPF, withdrawing some money for loans and advances, and withdrawing money for pension. You can choose one of the given options according to your need.
4. Now submit the claim form by filling it online. EPF amount will be deposited in your registered bank account within 10 days of filling the form.
More people withdraw money than last year
According to EPFO, in the last year 2019-20, a total of 72 thousand crores was withdrawn. At the same time, 30 thousand crores have been withdrawn in just four months in this financial year. These figures may increase further. According to a statement issued by the Labor Ministry, the EPFO has settled 32 per cent more claims than the same period last year. Overall payment of Rs 35,445 crore has been made during 5 months.
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