EPF Money Withdrawal: Problems Employees Often Face And More

Employee Provident Fund (EPF) is one of the mode of savings for many salaried employees. The EPF scheme allows employees to save for retirement. As per the rules, an employee and his/her employer make equal contribution of 12% towards the EPF account. During the retirement, each employee gets the accrued PF amount along with the […]

EPF-withdrawal

Employee Provident Fund (EPF) is one of the mode of savings for many salaried employees. The EPF scheme allows employees to save for retirement. As per the rules, an employee and his/her employer make equal contribution of 12% towards the EPF account. During the retirement, each employee gets the accrued PF amount along with the interest. However, an employee can withdraw the PF amount partially for specific purposes like marriage, construction of houses, education for children, medical emergencies or others.

After registering with the Universal Account Number (UAN) provided by the employer on the EPFO portal, an employer can withdraw the PF money by following some easy steps.