Wednesday, 29 November 2017

PF Withdrawal Online by Providing IFSC Code, UAN Details

One can easily withdraw money from their Provident Fund (PF) account online by providing IFSC code, Universal Account Number (UAN), mobile details and PAN card.
After the introduction of the online Employee Provident Fund (EPF) facility, withdrawing money from PF accounts has become a much simpler, hassle-free and convenient process. Before the launch of this facility, it used to take several months for employees to get their PF money. PF can be withdrawn under 3 categories: Full Withdrawal, Partial Withdrawal, and Pension Withdrawal Benefit. The withdrawal request can be made through the UAN website. It is necessary to have Aadhaar linked with the EPF account to avail this facility without any hassle.

After the PAN-Aadhaar linkage, it is now mandatory to link PF with Aadhaar
The Employees’ Provident Fund Organisation (EPFO) has now made it mandatory to link Aadhaar with the Universal Account Numbers (UAN) of provident fund members.
After attending a Tiranga Yatra organised by the EPFO, Bandaru Dattatreya, the Union Labour and Employment Minister said that the UAN, apart from Aadhaar, must also be linked with bank account, IFSC code and mobile number as well.

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