Where to get pf amount

Abc Large. Story outline You don't have to wait for your employer to share the PF statement at the end of the year to know the PF balance. The finance ministry approved an interest rate of 8. The EPFO also tweeted from its official Twitter account that it has "issued instructions to credit interest of 8. In Video: How to check your PF balance. Your legal guide on estate planning, inheritance, will and more.

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Your Reason has been Reported to the admin. Fill in your details: Will be displayed Will not be displayed Will be displayed. Since money is invested monthly, it helps you build a corpus for your post-retirement life. In situations such as hospitalization, wedding or education of your child, home renovation, and repairs, you may need quick access to these funds.

Instead of taking a loan, you can withdraw funds from your PF in whole or in part. Here are the steps you need to follow:. The EPFO officials will match your data in their records with the data submitted in your online claim form.

Employees must be at least years-old to withdraw partially from their PF accounts on the grounds of pre-retirement withdrawal representational image. This fund is set in place as a corpus fund for said employees to fall back on after their retirement. As per the guidelines of the EPF, the employee must contribute 12 per cent of their basic salary to this fund every month. Along the same line, the employer will also contribute a mirror amount.

The funds in the PF account gradually gains interest on an annual basis. This amount can be partially or fully withdrawn depending on a few conditions which have to be met. Step 5: The following screen will display the member details, KYC details and other service details. Step 8: In the claim form, select the claim you require, i. If the member is not eligible for any of the services like PF withdrawal or pension withdrawal, due to the service criteria, then that option will not be shown in the drop-down menu.

Step Click on the certificate and submit your application. You may be asked to submit scanned documents for the purpose you have filled the form. The employer will have to approve the withdrawal request and then only you will receive money in your bank account. It usually takes days to get the money credited to the bank account. You can follow the procedure given below to apply for a home loan based on your EPF account balance. Apply for a home loan through the housing society and send the application to the EPF Commissioner in the format specified in Annexure 1.

You can borrow up to 36 times your last monthly contribution to purchase a home. If you are purchasing a land, you can borrow up to 24 times your last monthly contribution. You must be in service for five consecutive years to avail of the loan.

Step 3: Member details will be displayed. The corresponding options will only be displayed if you are eligible from the years of service perspective. Step 7: Click on the certificate and submit the application.

If prompted, you may be required to upload relevant documents.