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The Employees’ Provident Fund Organization (EPFO) is constantly taking steps to provide convenience to its contributors. After speeding up claim settlement, EPFO is now working on a plan to withdraw PF money from ATMs.
In such a situation, if you have raised a claim to withdraw money from your PF account for any need or are preparing to do so, then this question will definitely come to your mind that when will you get the money after the claim? Let us tell you that according to the official website of EPFO (Employees’ Provident Fund Organization), all claims made under auto-settlement mode, which has no manual, will be settled digitally within 3 days or 72 hours. Let us tell you that claims to withdraw money from PF for treatment of illness, education of children, marriage and buying a house come under auto-settlement.
Manual settlement may take time
If you have made a manual claim to withdraw money from your PF, then it may take 15 to 30 days for its settlement. However, if your claim is not settled within 20 days, you can contact EPFO’s helpline number 1800-180-1425 or file a complaint on the EPFO website.
You can withdraw money up to Rs 5 lakh
Let us tell you that EPFO has increased the amount of auto-settlement mode from Rs 1 lakh to Rs 5 lakh to provide relief to its subscribers. According to EPFO, money can be withdrawn from PF account for purchase of house/flat/construction of house, which also includes acquisition of land. If an employee has not received salary for more than 2 months continuously, then he can also withdraw money from PF.
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