By Admin 
Think what you will do if you suddenly need five lakh rupees. Let us tell you that you can withdraw this amount from your PF account in a few clicks, then you may not be sure, but the Employees Provident Fund Organization (EPFO) has made it easy. Giving great relief to 7.5 crore members of the country on behalf of EPFO, the auto settlement limit of PF withdrawal has been increased to Rs five lakh.
Earlier, the auto settlement limit of PF withdrawal was only one lakh rupees, which has now been increased. With this, EPFO has reduced the claim settlement from 10 days to 3 to 4 days. That is, within three to four days of claim, this money will be transferred to your account.
Auto claim will be able to do marriage, studies and buying homes
EPFO has given another major relief to its members. Earlier, the auto claim which was available only for disease or hospital expenses, now you will be able to claim auto from your PF account to buy marriage, study and home. It has been told by the EPFO that the PF claim rejector rate has also declined, earlier the claim which used to be 50 percent rejected has come down to 30 percent.
5 lakh rupees will come out without documents
Let me tell you, there is an automated software system in the Auto Settlement of Advance Claim Provident Fund. Under this, you can claim settlement without manual examination. Earlier its limit was one lakh rupees, which has now become five lakh rupees. That is, if you are verified with KYC EPFO, then you can transfer money from PF account to your account in 3 to 5 days. You will not need any document for this.
PF money can also be withdrawn from UPI and ATM
The EPFO members of the country are going to get another big facility soon. Now you will be able to withdraw money from your PF account from UPI or ATM and get information about balance. Its limit is up to one lakh rupees. This facility may begin in the last or early June.
Auto claim can be removed like this
To withdraw money from PF account, first you have to go to the official website of EPFO https://www.epfindia.gov.in. Here you will be asked for your UAN number and password. After logging in, you have to verify your account and click on Proceed for Online Claim. Here you have to select the advance form 19 and fill the full details. After this, you have to verify your account number and submit the form later. After the process is completed, money will come to your account in a few days.
Also read: You can know your PF account balance even without UAN number, know easy way