Going to withdraw money from EPF account? Avoid these mistakes and get paid as soon as possible
Verify the details submitted before withdrawing money from PF in Emergency
Your application may be rejected if any of your details differ between the company and the EPFO
A lot of people in the Corona era are facing a shortage of money. For the working class, PF (Provident Fund) can be an angel in such a situation. In PF, both the employee and the company have equal amount of money. This money can be withdrawn in case of emergency after the employee retires, resigns or so.
EPFO (Employee Provident Fund Organization) has facilitated withdrawal of money from PF account in view of unemployment in Corona period. This money can also be transferred if the user changes jobs. The EPF account has an annual return of 8.5%. If you are going to withdraw money from a PF account, you need to avoid making mistakes that will delay your receipt of money.
UAN and bank account
UAN (Universal Account Number) must be connected to your bank account. If UAN is not connected to the PF account, you may have difficulty withdrawing money. Also make sure that the bank's IFSC number is correct.
Incomplete KYC
Your application may be rejected if your KYC is incomplete. You can check if full KYC is done by going to e-service account.
Wrong date of birth
Your application may be rejected even if you have different dates of birth in the EPFO and company records. Make sure the same date of birth is submitted in both places.
UAN-support link
It is mandatory to have a support link with UAN. Failure to do so may result in rejection of your PF withdrawal application.
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Bank account misinformation
When submitting a withdrawal application from EPFO, make sure that you have filled in all the details of your bank account correctly. Your request may be rejected even if the bank account details are changed.
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