Employees Provident Fund (EPF) is an entire life deposit which is available in accessible at some point of critical levels of one’s life. It includes 12 in step with cent of an employee’s month-to-month simple salary, that’s deposited with the Employees Provident Fund Organisation (EPFO). The company additionally contributes a proportion on this fund, which turns into a sizable corpus over a length of time.
Employees can withdraw their PF on line pretty easily. This may be facilitated thru the member e-SEW portal of EPFO.
The personnel can withdraw their whole financial savings withinside the PF when they retire. However even earlier than retirement, they are able to withdraw a partial quantity in the event that they meet sure criteria.
Important Points For Withdraw Provident Fund
It is obligatory to hyperlink one’s Aadhar card with the accepted account wide variety (UAN) to deposit cash to the PF account. This may be one on line thru the EPFO internet site or maybe thru the UMANG cell app.
Completing the “Know Your Customer” or KYC formality is likewise essential earlier than retreating PF.
For KYC, PAN card is wanted and EPFO after finishing the process, offers the PF account a “verified” status.
Important Steps To Withdraw Provident Fund
Visit the UAN portal at https://unifiedportal-mem.epfindia.gov.in/memberinterface/
Log in the use of your UAN and password and input the captcha for verification.
Now visit the ‘Online Services’ tab and pick out the option ‘Claim (Form-31, 19 & 10C)’ from the drop-down menu.
On the subsequent screen, input your financial institution account wide variety and click on on ‘Verify’.
Now click on on ‘Yes’ and proceed.
After this, click on on ‘Proceed for Online Claim’.
Now withinside the declare form, pick out the declare you require beneathneath the tab ‘I Want To Apply For’.
Select ‘PF Advance (Form 31)’ to withdraw your fund. Then offer the motive of such advance, the quantity required and the employee’s address.
Now, click on at the certificates and publish your application.
You can be requested to publish scanned files for the motive you’ve got got crammed the form.
After the company approves the withdrawal request, you may get hold of cash on your financial institution account. It commonly takes 15-20 days to get the cash credited to the financial institution account.
