PF Balance Withdrawal: As per the recent modifications in rules, no longer will you need any form of documentation in order to withdraw the funds from your provident fund account. This procedure has been simplified significantly. The Labor and Employment Minister has stated in Parliament that if your PF account is connected to Aadhaar, and both PAN and bank details are updated and correct, then if all the details are verified with the EPFO records, money will be conclusively transferred to your account within a few clicks. Actually, EPFO started the Composite Claim Form in the year 2017. Marriage, medical emergencies, children’s education, and even house purchases are now eligible for PF withdrawals and funds are transferred with little to no documentation. You no longer need to submit a medical certificate or any other form of documentation to access your funds. You will receive the funds with little to no effort. EPFO has also made it clear that for Aadhaar OTP and face verification, keeping user safety in mind, these have now become mandatory. Today, the online PF claims surpass 90% of all claims and auto-settlements with a few clicks are common for a significant portion of these claims. Seamless Steps for PF Withdrawal Visit the UMANG app or the EPFO webpage.You have to login using your UAN and password. Make sure that your aadhaar, PAN, and bank details are all updated and verified. Click on the online service tab and select Claim (Form-31, 19, 10C). Choose the reason for withdrawal, marriage, illness, buying a house, etc. and provide the information requested. Submit the form using OTP or face verification. Assuming everything is accurate, your bank can have the funds ready 3 days after processing. There is no need for supplementary paperwork. So, make sure your EPFO account details are updated and synced so, when the time of need arises, you can have the funds ready without any hassle.
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