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EPF or Employee Provident Fund is a government-backed retirement savings scheme. Only salaried employees can take advantage of this. In this, both employer and employee contribute a percentage of the employee's basic salary every month. You can use this money in an emergency. Since the government has changed some rules recently, you can withdraw part of your provident fund through an ATM also.

The EPFO has ​made a major change to its rules. Employees can now withdraw their entire eligible PF amount up to twice a year, whether for an emergency, marriage, education, or illness. Under the old rules, frequent withdrawals resulted in a service break and pension would have been affected, but with the new provision, service will continue and a good fund will be safe at the time of retirement.

To withdraw PF, first of all, your UAN must be active. Your bank account should also be linked with PF account. Alongwith this, you Aadhaar and PAN details should be updated in your PF account. After this, you need to fill online form to complete PF withdrawal process and can get your money in your bank account.

1. Apply online for PF withdrawal PF funds can't be withdrawn directly from an ATM. For this, you need to log in to the EPFO ​​member portal with your UAN and password, then go to 'Online Services' and select 'Claim (Form-31, 19, 10C, 10D)'. Next, verify your bank account number and complete the online application by clicking 'Proceed For Online Claim.' Following this process, your PF amount will be transferred directly to your bank account.

2. Select 'PF Advance (Form 31)' and provide the reason Then here you have to select 'PF Advance (Form 31)' in 'I Want To Apply For' and after this you have to tell the reason for which you are withdrawing the money (like medical emergency, marriage, construction or purchase of a house, children's education, etc.). You will also have to fill in the amount to be withdrawn.

3. Upload the required documents and submit the OTP Yes, you'll need to upload a scanned copy of your bank account's checkbook or passbook. After filling in all the information, click 'Get Aadhaar OTP.' You'll receive an OTP on your Aadhaar-linked mobile number. Enter that OTP and submit it.

4. Money gets credited to your bank account After your online application is submitted, the EPFO ​​will review your application. If everything is found to be correct, the approved amount will be deposited directly into your bank account, usually within 3-7 working days.

5. Withdraw money from your bank account through ATM Once the PF funds are deposited into your bank account, you can easily withdraw them from any ATM using your bank's ATM card. You can also withdraw the funds by visiting a bank branch or transferring them online.