How Many Ddays PF Withdrawal Takes Online?

Due to an urgent need, I was planning to withdraw my PF. To know how many days PF withdrawal takes online; I started doing some research online. I learned that PF withdrawal takes around 15 - 20 working days for the amount to be credited to the account. I also learned that you don’t need to get permission from your employer to withdraw the amount from the EPF account. 

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How Many Days it Takes to Withdraw PF Online?

As I mentioned above, it takes around 15 - 20 days to withdraw money from PF. To withdraw your PF, here are a few things that you need. 

• Universal Account Number (UAN)

• Address and Identity proof

• Cancelled cheque with IFSC code and account number

• Your bank account information.

Now, after applying the process, if you feel that it's taking a lot longer, then you can follow the below steps to check the PF withdrawal status.

How to Check PF Withdrawal Status?

To check the status of your PF withdrawal, you can follow the below steps. 

• Visit the UAN portal and log in with your credentials.

• Locate the Track Claim Status tab under the Online Services and click on it.

• Enter your reference number.

With that, the status will be displayed. I hope you find this information on how many days PF advance withdrawal takes online helpful.

I think the PF withdrawal process is very easy and fast. Employees' Provident Fund (EPF), often known as PF (Provident Fund), is a compulsory retirement savings scheme for qualifying employees. You will be able to rely on the fund's balance when you retire. You must contribute 12% of your base pay to the EPF each month, according to EPF guidelines. The company contributes to your PF account in the same amount as the employee. The money you put into an EPF account earns interest every year. Let’s see how many days PF withdrawal takes online.

How many days it takes to withdraw PF?

According to the new guidelines, PF account holders can withdraw up to three months' basic pay + dearness allowance, or 75 percent of their PF or EPF account's net balance, whichever is smaller. This amount will be considered a non-refundable deposit. These withdrawal claims can be made through the internet.

How many days will take to get PF amount completely?

• When you decide to retire from your work.

• When you are out of work for more than two months. You must obtain authentication from a gazetted office in order to make a withdrawal in this situation.

• If you have not been unemployed for two months or longer, then you are unable to withdraw your entire EPF balance while changing employers.

Rules on how many days it will take to get PF amount:

1) You cannot withdraw money in an EPF account when you are employed.

2) The Employee Pension Fund (EPF) is a long-term retirement savings plan. You can withdraw the money only after retirement.

3) If you have an emergency, such as a medical emergency, the purchase or construction of a home, or further education, partial withdrawals from EPF accounts are permissible. 

4) Depending on the reason, partial withdrawal is subject to restrictions. Partial withdrawals can be requested electronically by the account holder.

5) Although the EPF balance can only be withdrawn after retirement, early retirement is not considered until you reach the age of 55. 

6) If you are 54 years old or older, EPFO authorises a withdrawal of 90% of the EPF corpus one year before retirement.

How many days PF withdrawal takes online should be clear to you now.