Do you want to withdraw money from PF account due to COVID-19, follow these simple steps
By Lokmat English Desk | Published: January 24, 2022 09:48 PM2022-01-24T21:48:14+5:302022-01-24T21:48:14+5:30
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Currently, the number of coronavirus patients in the country is increasing. In the meantime, if you need money for treatment or any other reason during this period, it is possible to withdraw it from PF (Provident Fund). Let's see how you can withdraw money at home.
According to government figures, the death toll in the Corona wave is lower this time around than in the previous wave. Apart from this, the number of hospital admissions is also relatively low. But it has also had a financial impact on many. Meanwhile, the government to reduce this economic stress.
In March 2020, the government announced relief for small businesses that were facing cash crunch during the epidemic. According to the amendment in the EPF rules, 'a member can deduct 75% of three months basic salary and DA or account balance.
Employees who contribute to the EPF can apply for an advance from their EPF account. To withdraw money, the employee will need a Universal Account Number (UAN) issued by EPFO and their Aadhaar, PAN and bank account will be linked to their UAN.
If you want to withdraw money, you must first log in to the EPFO site, then select the 'Claim (Form-31, 19 and 10C)' option in the 'Online Services' tab.
After that you will see your name, date of birth and last four numbers of Aadhaar. You will then be asked to enter the last four digits of your bank account.
After that you will see your name, date of birth and last four numbers of Aadhaar. You will then be asked to enter the last four digits of your bank account.
Once the verification is done, click on Proceed for. Then select 'PF advance (Form 31)' from the drop down menu. Select 'Outbreak of Pandemic (COVID-19)' as the reason for withdrawal from that drop down menu.
Then enter the amount you want. Also provide scanned copy of address and bank check. This will be followed by an OTP related to your Aadhaar account. Fill out the OTP and submit your application.
