The Employees Provident Fund Organisation (EPFO) oversees the Provident Fund (PF) account, a retirement savings plan that is available to employees in India. Let me help you with can we withdraw PF amount from previous company. Yes, you can withdraw your Provident Fund amount from your previous company in India. The process is simple, but you must have met certain conditions before you can do so.
You can withdraw your PF if you are no longer employed by the previous company.
If you are currently employed, the new employer would continue contributing to your PF.
You may consider transferring the PF balance instead of withdrawing it.
If you have been unemployed for two months or more, you are eligible to withdraw the PF balance.
You can withdraw both the employee's and employer's contributions after two months of unemployment. This includes your Provident Fund (PF) and Pension Fund (if you have served for less than 10 years). It is done in certain situations, like medical emergencies, marriage, education, home loan repayment, etc., while still employed.
How to Collect PF Amount from Previous Company?
Visit the EPFO Unified Portal and log in using your UAN and password. Ensure that your Aadhaar, PAN, and bank account details are correctly updated.
Click on “Online Services” > “Claim (Form-31)” and follow the instructions to submit your claim.
Once the claim is submitted and approved, the withdrawal process typically takes around 10-15 days for the funds to be credited to your bank account.
This is all about how to get my PF amount from my previous company.
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Can We Withdraw PF Amount from Previous Company?
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2024-10-18T07:43:49+00:00 2024-10-18T07:43:49+00:00Comment
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