News India Live, Digital Desk: PF Withdrawal: If you are a salaried employee and contribute to PF account every month, then you should know some things. At the time of financial needs, your PF savings can be very helpful. However, many people face rejection when trying to remove their EPF-often due to small, stripped mistakes. Good news? These problems can be cured.
When can you remove PF?
According to EPFO rules, the following are the major conditions when you are allowed to withdraw money from your provident fund (PF):
After leaving the job: You can withdraw the entire PF amount after leaving your job and being unemployed for at least two months.
On retirement: Complete withdrawal is allowed even after retirement from active employment.
Partial withdrawal: You can do partial withdrawal even while in the job, but only under certain special circumstances (eg medical requirements, marriage or home buying).
What are the special circumstances for PF withdrawal?
You are allowed partial withdrawal from your PF account under certain circumstances – but only when your account is at least 5 to 7 years old. Here are some cases where partial withdrawal is allowed:
Medical Emergency: For the treatment of himself or a family member.
Marriage expenditure: You can withdraw money for your or your siblings or children’s wedding-but only after the completion of 7 years of PF membership.
Why can your EPF claim be rejected?
Want to file EPF claim? Here are some common mistakes, which may reject the claim:
Wrong details: If you enter wrong information like your bank account number or personal details, then your claim can be rejected.
Lack of job records: Applications may be automatically rejected if there is a difference between your actual job duration and the period recorded in the EPFO system.
Additional claim: If you ask for more money than the amount available in your PF account, your request will be rejected.
Disabilities: If you are not eligible for the amount you want to withdraw, or if the reason does not match the EPF rules, your claim can be rejected.
Technical disturbances: Sometimes, even when everything is correct, the claim can fail due to system errors.
How to find out the cause of rejection
If you do not know why your EPF claim is rejected, you can know the reason for this on EPFO’s website. Just log on to the portal and click on the ‘Track Claim Status’ option in the menu. There, you will be able to see the reason for rejection. You can also talk to your company’s HR department or go to the EPFO office for more information. Once you know the exact cause, you can fix the problem and apply for your claim again.
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