Since the EPF stores and grows your money over time, it works as a good investment instrument. There are various circumstances where you might have to withdraw money from your PF account. These include marriage, medical emergencies, construction or purchase of home, repaying existing home loan, further education, alteration or home repairs and renovations.
How to Claim money from a Dormant EPF Account:
A dormant EPF account can be problematic and complicated to handle. Not only does a dormant account force your money to get stuck, but it also eliminates the use that can be made from that cash. As per EPFO, with an approximate of Rs 26,497 crore lying unclaimed in EPF accounts, dormancy of accounts becoming more common.
If you have an unclaimed account, here’s how you can liquidate it immediately:
The request will be transferred to the field officer, who will then get in touch with you personally and assist you on steps to be taken further…Read more>>