How many days PF withdrawal takes online?

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5) Although the EPF balance can only be withdrawn after retirement, early retirement is not considered until you reach the age of 55.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