scorecardresearchHow to withdraw your PPF money through the UMANG app? A step-by-step guide

How to withdraw your PPF money through the UMANG app? A step-by-step guide

Updated: 17 Apr 2023, 08:42 AM IST
TL;DR.

UMANG is a government initiative that allows users to access various government services, including withdrawing PPF money. The process is quick and secure and can be done from the convenience of your home.

PPF is a most popular low-risk saving scheme run by the Government of India.

PPF is a most popular low-risk saving scheme run by the Government of India.

With the recent advancements in technology, it is now easier than ever to manage your personal finances. To make things even easier, the government of India has launched UMANG, a single app that allows users to access various government services, including the withdrawal of PPF money.

Public provident fund (PPF) is a government-backed savings and investment scheme that allows Indians to invest their money in a secure and risk-free instrument. It is one of the most popular and sought-after investment tools in India which provides several benefits.

Withdrawing PPF money through UMANG is a quick and seamless process, and this article will provide a comprehensive guide on how to do it.

What is the UMANG app?

The unified mobile application for new-age governance (UMANG) app is an Indian government initiative that facilitates access to various government services. It is a single-stop platform that provides over 200 services from 33 central and state government departments. It is available in 13 languages and can be installed on Android, iOS, and Windows phones.

How to withdraw PPF money?

Step 1: The first step is to download the UMANG app from the app store or play store. Once the app is downloaded, sign up with your mobile number.

Step 2: Once you are logged in, go to the search menu and look for EPFO. This is the employee provident fund organization, the government body that governs PPF accounts.

Step 3: After selecting the EPFO option, you will be directed to the ‘Employee Centric’ page. On this page, you will see the option to ‘raise claim’. Click on this option to proceed.

Step 4: You will be asked to enter your UAN (universal account number). This is a 12-digit number that is provided to you when you open your PPF account. Enter the number to proceed.

Step 5: Once you enter the UAN number, you will receive an OTP on your mobile number. Enter the OTP to verify your identity.

Step 6: You will then be asked to choose the type of withdrawal you want to make. There are two options available – partial withdrawal and final withdrawal. Choose the one that best suits your needs and proceed.

Step 7: Once you have chosen the type of withdrawal, you can submit your request through UMANG.

Step 8: Once you submit your request, you will receive a claim reference number on your registered mobile number. You can use this number to track the status of your claim.

Withdrawing your PPF money through the UMANG app is a convenient and secure process that can be done from the comfort of your home. However, it is important to remember that the process of withdrawing should be done with caution.

 

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First Published: 17 Apr 2023, 08:42 AM IST