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How to withdraw PF online?

Asked on 25-07-2018 by Rakesh Kumar

Answered by NewsBytes

The PF can be withdrawn online via employee UAN portal. It can be done by members of EPF who have linked their Aadhar Card number with the EPFO. Login to the portal and claim the type of withdrawal you want. Verify the claim using OTP that will flash on your mobile number. The claim will proceed and your bank account will be credited.

Can I withdraw my pf amount by myself? What is the online process?

Asked on 25-07-2018 by Rakesh Kumar

Answered by NewsBytes

Yes, you can withdraw your PF amount by yourself. To withdraw the full amount, you have to wait for two months after quitting the job otherwise you can only take 75% of your PF amount after one month. Login to the UAN portal, verify the KYC or Aadhaar details, select the type of withdrawal and then verify the PF claim using OTP.

I have checked my pf balance online and it showed Rs.58,000. What will be the actual amount I get if I quit my job now

Asked on 25-07-2018 by Rajesh Saw

Answered by NewsBytes

If you quit your job now and remain unemployed for 60 days, which is two months, you will get the full amount of your PF. But if you will claim just after you quit your job, you will have to pay tax on it. You can withdraw 75% of your PF one month after quitting the job.

What is the retirement age for private sector employees and how many years of service is needed to get the pension?

Asked on 24-07-2018 by Maruthi Rao

Answered by NewsBytes

There is no specified retirement age limit for the employees working in the private sector. They can also work beyond 60-70 years if they wish to do so. To get the pension, one must have served a minimum service of 10 years and attained the age of 50 years. Before 58 and after 50, the pension will be termed as Early pension.

My Dob was updated in EPF was wrong and I modified my details accordingly my Aadhar card and forwarded it to Mumbai, but my application was rejected.

Asked on 24-07-2018 by Veera Dasari

Answered by NewsBytes

You can make the necessary changes again without any error. Visit the EPFO's United Member Portal and login there. Go to 'Manage' and select 'modify details' and enter Aadhaar Number and other details as per Aadhaar card. You can make the necessary changes and it will be verified online. If your Aadhaar details are already verified, you won't be able to make any changes.

How much PF can we withdraw after one month after we leave the company?

Asked on 24-07-2018 by Ajay Kumar

Answered by NewsBytes

You can withdraw 75% of your savings from PF one month after quitting the job. If you have been unemployed for straight two months( 60 days), you can withdraw the whole amount. It is only applicable when your age is less than 58 years.

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