The Employees’ Provident Fund Organisation (EPFO) has simplified many procedures involved in withdrawing from the provident fund. Now, members can withdraw their EPF money entirely through the Internet at home, without any physical visits or submitting documents such as a cancelled cheque or passbook. Provided their Universal Account Number (UAN) is activated and linked with Aadhaar, the withdrawal can be made based on an OTP generated on the basis of Aadhaar.
What’s Changed In The Withdrawal Rules Of EPF?
The strengthening of fund access in the last few years includes:
- No physical documents required—Just Aadhaar and mobile-linked OTP will do.
Instant withdrawal facility through UPI and ATMs, up to ₹1 lakh, for emergency needs. - Automatic settlement limit has been raised to ₹5 lakh from ₹1 lakh.
- Verification is cutting through faster—the number of verification checks and procedures has been cut down from 27 to 18, with the majority of claims getting settled in 3 to 4 days.
Easy Stepwise Online Withdrawal From UMANG Or EPFO Portal
- Access the platform
Log in using the EPFO portal or the UMANG mobile app with your UAN and password.
Complete KYC - Link and verify your Aadhaar, PAN, and bank details.
- Submit a claim
- Select withdrawal type—full/partial/pension. Enter the details concerning withdrawal and verify via OTP.
- Approval and processing : If you are still employed, your claim goes for approval through the employer. The approved claim’s processing then goes to EPFO, which credits your amount to your bank account—this is usually within 3 to 4 days.
Know Your Withdrawal Options
The EPFO provides withdrawals in these circumstances:
- After unemployment: After one month without service, a person will be able to withdraw 75% of the PF. The remaining amount will be payable after two months.
In case of emergencies (medical, education, marriage, and house purchase): Advances are allowed subject to eligibility criteria.
No More Documentation Needed
In a recent parliamentary clarification, the government has stated that no supporting documents are needed when EPF is claimed for any approved purpose, whether it is for medical treatment, education, marriage, or buying a house. This removes a lot of hassle for the members and speeds up transactions.
Also Read: 8th CPC Latest Update: Employees And Pensioners To Get Major Salary Boost