New Delhi:- If you work in an organized company then PF is deducted from your salary every month. PF: Your salary and some money from the company are deposited in PF. Let us tell you that EPFO has made a retirement plan. This amount is managed by EPFO. The government has a good interest in PF. This interest is calculated from time to time. At present, interest is being given on the PF account at the rate of 8.25 percent.
However, EPF has been prepared for pension after retirement. But if required, you can withdraw money from your PF even before retirement. Before retirement, any person has the responsibility of children's higher education, children's marriage, building a house, etc. EPF makes those tasks easier. Let us tell you that you can withdraw money from your PF account for children's marriage and education. But some terms and conditions have been fixed for this.
Let us tell you that you can withdraw money from your EPF account only then. When you have completed 7 years of service. This means you have been saving money for 7 years. After seven years, you can withdraw 50 percent of the total money from the PF account for children's education.
If you think of withdrawing money for the needs of your children's education or marriage etc., then you can do so only when you have completed 7 years of service and you have been contributing to the PF account for 7 consecutive years. After 7 years of service, you can withdraw only 50 percent of your contribution from your PF account.
need money to build a house
You can withdraw money from PF for building a house, buying a house, giving a home loan, or repairing the house. If you have completed 5 years of your job, then you can withdraw money from your PF account. After this, after the completion of 3 years, the employee can withdraw money from the PF account to repay the home loan.
How to check PF balance
If you want to check the balance of your PF account, then you can check the amount deposited in the account through messages, missed calls, through Umang app, etc. For the message, you have to send a message to the number 77382-99899 from your registered mobile number. UAN number has to be written in place of UAN. Shortly after sending the message, a message will come about the balance of the money deposited in the account.
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