EPFO Update: Know the rules of EPFO before withdrawing money from a PF account..
Are you also planning to withdraw money from EPF? The Employees Provident Fund Scheme is run by the government. A fixed amount is transferred to the EPF account every month. You can withdraw this amount whenever you need money. But many times we see that even after making a claim, we are not able to get the money. Do you know for which reasons your EPF claim may be rejected?
There are many reasons for the rejection of the EPF claim. Let us tell you what are the main reasons.
KYC document not being correct-
If your KYC is not complete or your documents are not correct. In this situation, your EPF claim may be rejected by the government. If your KYC document is not valid then you cannot withdraw EPF money.
If the Aadhar Card is not linked to UAN-
Apart from this, if your Aadhar card is not linked to UAN, then in this situation your EPF claim gets rejected. Before withdrawing money, it is necessary to link your Aadhaar with UAN.
All rules will have to be followed-
Apart from this, if you do not follow the withdrawal rules, your claim may also be rejected. You will have to maintain employment for at least 6 months before claiming the total amount of pension. Apart from this, it is very important to keep all the things in mind before filling out the form. You have to fill out the correct form.
Information not matching-
Apart from this, if the information given by you does not match or is not valid. So in this situation also your claim will be canceled. It is necessary to match the details registered in the EPF database. Your personal details, like name, date of birth, and EPF account number, all must match.