EPFO Update: How much money can be withdrawn from PF account for marriage, know the guidelines of EPFO..
Employed people invest in Employee Provident Funds (PF Account) as savings. On which they are given interest by the government. A part of the salary is invested in this. The government has increased the rates of PF. Account holders (EPF Members) will get interest at the interest rate of 8.15 percent.
Before this, the interest was reduced. Which was 8.1 percent. But do you know that PF account holders can withdraw money from their account if necessary? If you want, you can withdraw money from your PF account for your or your children's marriage.
How much money can be withdrawn?
If the account holder wishes, he can withdraw advance for his own marriage or for the marriage of his family members. Apart from son and daughter, the family members also include brothers and sisters. That means advance money can be withdrawn from PF accounts for the marriage of brother and sister. Now it comes to how much money you can withdraw. You should know that you can withdraw 50 percent of the amount deposited in your PF account for marriage.
This condition is necessary-
You can withdraw fifty percent from your PF account only when your account has been open for seven years.
The amount can be withdrawn from PF accounts only three times for education and marriage.
To withdraw money, your UAN number must be active.
It is necessary to link your PF account with your Aadhar card.
You can also apply online to withdraw money from your PF account.
You can withdraw money in just 72 hours through an easy online process.
Check your PF balance like this
First of all, you have to go to the official website epfindia.gov.in.
Now go to the e-passbook option.
Now you have to enter your UAN number, password, and captcha code.
You can view the passbook through the membership ID. It can also be downloaded.
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