How to Withdraw PF Fund: Account holders can withdraw advances from their or their family members’ Provident Fund (PF) accounts for weddings. Brothers and sisters, along with sons and daughters of the family members, are also included. This means that advances can be withdrawn from the PF account for the weddings of brothers and sisters. Now, the question arises about how much money you can withdraw. You should know that you can withdraw 50% of the accumulated amount in the PF account for weddings.
Working professionals invest in the Employee Provident Fund (EPF account) as a form of savings. The government provides interest on this, with a portion of the salary being invested. This year, the government has increased the EPF interest rates. Account holders (EPF members) will receive interest at a rate of 8.15%. In the previous year 2021-22, the interest rate was reduced to 8.1%. Do you know that PF account holders can withdraw money from their accounts in times of need? You can withdraw money from your PF account for your own or your children’s weddings if you wish.
It’s necessary to fulfill this condition:
- You can only withdraw fifty percent of the amount from your PF account when your account has completed seven years.
- For education and weddings, money can only be withdrawn from the PF account three times.
- Your UAN (Universal Account Number) must be active to make withdrawals.
- Linking your Aadhaar card to the PF account is essential.
- You can also apply online to withdraw money from the PF account.
Through the easy online process, you can withdraw money within just 72 hours.
Check your PF balance like this:
- First, you need to visit the official website epfindia.gov.in.
- Go to the E-Passbook option.
- Now, enter your UAN, password, and captcha code.
- Through the Membership ID, you can view the passbook. It can also be downloaded.
