EPF Withdrawal Online Process, How to Withdraw EPF - All Steps you Need to Know
EPF withdrawal upon premature death of a family member: All Steps you need to know The Employee Provident Fund is after retirement benefits scheme in which employees of an organization contribute a small proportion of their basic salary and an interest rate is given every year. This provident fund amount is used after retirement or in some cases before retirement. They benefited every year with a certain interest rate. Employee and Employer pay an equal amount of their salary towards the EPF scheme. The total of this amount is then deposited in the Employee Provident Fund Organisation(EPFO). EPF serves the purpose of salary and dearness allowance. EPF is a combination of three different schemes as after EPF registration, you automatically get yourself register for EPS and ELDI. There are certain situations when you need to withdraw EPF before retirement so below we have given the steps you need to do in order to withdraw money from EPF account. EPF Withdrawal Process - Steps to wit...