VPF allows partial withdrawals and withdrawals that are complete. That is a wise decision to|option that is good fall back on in the event of any unexpected economic emergencies like having to pay medical center bills on your own and/or your household. It is possible to break your VPF account open for reasons such as for example:
VPF is quite popular among investors as the accumulated amount could be withdrawn at any true stage. But make sure that your account is active for 5 years at the least if you’d like to avoid tax that is paying the maturity quantity.
9. Linking the Universal Account quantity to your EPF Scheme
The Universal Account quantity (UAN) is a 12-digit number, allotted by the worker Provident Fund Organisation to each and every worker having an EPF account. The UAN stays constant through the life of a worker and is portable.
The principal advantage beneath the UAN is you change your job that you do not need to withdraw your EPF when.