You can withdraw your Provident Fund amount to repay yourhome loan. You can withdraw up to 90% of the EPF amount to repay home loans. The Employees Provident fund can be withdrawn at the age of 55 years for retirement purposes. However, it can be withdrawn earlier as well for purposes l...
How to Withdraw from EPF due to Corona Virus Online if Your KYC is done then you can submit EPF withdrawal online. Keep your cheque/passbook ready to scan. A passbook or cheque should have your name with the clear account number and IFSC. Go toEPF UAN Member Portal,https://unifiedporta...
We hope this article answers your query on how to know my UAN number. Your UAN number is a unique 12-digit number that lets you access your EPF account any time you want. Using this single platform, you can withdraw or transfer your PF balance any time you wish. While employers help y...
I worked for 3 different companies in India from 2006 to 2013, after which i left for Australia and have been living there since. Is there a way i can withdraw my EPF as i dont have any UAN, aadhar or a registered mobile number to access this information. One of the companies i used...
Employee Contribution to EPF The employee pays 12% of their base salary and the Dearness Allowance each month into the EPF account. For instance, if the base salary is ₹20000 per month, then the employee contribution is 12% of ₹20,000, which amounts to ₹2400. This is the amount...
Overview of the steps to transfer EPF online One has to transfer old PF account to the new account.Only then will you be able to withdraw from both the accounts online. Linking of PF account with UAN is not sufficient.Our articleWhy should one transfer old EPF account to the new employer...
It is written like this to ensure no one can misuse the cheque. Although cancelled cheques cannot be used to withdraw funds, they are vulnerable to cyber theft or misuse because they contain the following information: MICR code Bank account number IFSC (International Financial Services Code) ...
old employer’s account to the present employer. The primary reason is that, holding on to the PF account for five years ensures that the fund is exempted from taxation. Also, one can withdraw partial amount of money if needed, by still earning the current interest rate on the account. ...
Borrow money from other people — Better than above. I would have been willing to pay interest. But I don’t like paying interest either. Withdraw from my retirement fund (EPF) — This was a promising one, until someone told me EPF does not allow withdrawal for “breach of contracts”,...
India’sEPF scheme, for example, allows a non-refundable advance when the government has declared a disaster or epidemic, which employees need not deposit back into their EPF account. An amendment to the EPF regulation following COVID-19now allows employees to withdraw up to 75...