Managing your personal finances is now easier with new advancements in technology. To make things simpler, the Indian government has launched UMANG, a single app that allows users to access several government services, including PPF withdrawal.
PPF is a government-backed savings and investment program that allows Indians to invest their money in a risk-free environment. It is one of the most popular and sought-after investment vehicles in India, with several benefits.
Withdrawing PPF money through UMANG is a simple and uncomplicated process and people can withdraw the money at an ease.
What is the UMANG application?
The unified mobile application for new-age governance (UMANG) app is an endeavor by the Indian government to make it simpler to access various government services. It provides approximately 200 services from 33 federal and state government agencies. It is available in 13 languages and works with Android, iOS, and Windows phones.
What are the steps for withdrawing money from a PPF account?
- Step 1: Download the UMANG app from the app store or the Google Play Store. Sign up using your cellphone number after the app has been downloaded.
- Step 2: Once logged in, go to the search menu and type in EPFO. The employee provident fund organization is the government authority in charge of PPF accounts.
- Step 3: Once you’ve selected the EPFO option, you’ll be sent to the ‘Employee Centric’ page. You will notice the option to ‘increase claim’ on this page. To proceed, select this option.
- Step 4: Your UAN (universal account number) will be requested. When you start your PPF account, you will be given a 12-digit number. To proceed, enter the number.
- Step 5: After entering your UAN number, you will receive an OTP on your cell phone. To authenticate your identity, enter the OTP.
- Step 6: You’ll then be asked to choose the sort of withdrawal you want to make. There are two options: partial or total withdrawal. Choose the one that best matches your needs and procedures.
- Step 7: Once you’ve decided on the type of withdrawal, you may use UMANG to submit your request.
- Step 8: After submitting your request, a claim reference number will be issued to your registered mobile phone number. This number can be used to track the progress of your claim.
Withdrawing your PPF money using the UMANG app is a straightforward and secure process that can be conducted from the convenience of your own home. It is important to highlight, however, that the withdrawal procedure should be conducted with caution.
