Retiring from your job and withdrawing your Provident Fund (PF) is an exciting yet daunting experience. The process of withdrawing your PF can be a lengthy and complicated one, but luckily, the government has made it easier than ever to withdraw your PF online using the Umang app.
This step-by-step guide will help you understand the process and make the withdrawal of your PF by using a mobile phone.
Step 1: Download the Umang app
The first step to withdrawing your PF online is to download the Umang app. The Umang app is a government-backed app that allows you to access various government services, including withdrawing your PF. The app is available for both Android and iOS devices and can be downloaded from the respective app stores.
Step 2: Register on the Umang app
Once you have downloaded the app, you will need to register on the app. You will need to provide some basic details, such as your name, email address, and phone number. You will also need to create a secure password. Once you have registered, you will be able to access the app and its various services.
How to Claim ePF Withdrawal By Using Umang App
Step 3: Go to EPFO Services
Log in to The App and Go to the EPFO Service, You can check you can get all details related to EPFO Account. such as General services, Pensioner Services, EPFO Passbook, and Claims for PF Advance, Also, you can check your current PF Balance.
Step 4: Choose the Withdrawal Option
select the ‘Raise Claim’ or ‘Withdrawal’ option. UMANG offers different withdrawal services, such as full withdrawal, and Pension PF withdrawal, Choose the appropriate option based on your requirements.
Step 5: Complete the Claim Form
Fill in the necessary details, such as the purpose of withdrawal, bank account details, and the withdrawal amount. Recheck your Application and tap on Submit via OTP.
If you are withdrawing your PF for any other reason, you must provide a valid reason for the withdrawal. This could be for medical treatment, marriage, education, or any other purpose.
Your withdrawal request takes between 2 days to 15 days to get approval. Once your Withdrawal is Approved, the EPFO will transfer the funds to your bank account approx 1 to 2 days.
It is important to note that you can only withdraw a certain portion of your PF balance. The remaining balance will remain in your EPF account until you reach the age of retirement.