Employees Provident Fund (EPF) is an entire life deposit which is available in available for the duration of essential levels of one’s life. It includes 12 according to cent of an employee’s month-to-month fundamental salary, that is deposited with the Employees Provident Fund Organisation (EPFO). The enterprise additionally contributes a percentage on this fund, which turns into a extensive corpus over a duration of time.
Employees can withdraw their PF on line pretty easily. This may be facilitated via the member e-SEW portal of EPFO.
The personnel can withdraw their entire financial savings withinside the PF when they retire. However even earlier than retirement, they could 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 general account range (UAN) to deposit cash to the PF account. This may be one on line via the EPFO internet site or maybe via the UMANG cell app.
Completing the “Know Your Customer” or KYC formality is likewise crucial 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 usage 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 following screen, input your financial institution account range 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 reason of such advance, the quantity required and the employee’s address.
Now, click on at the certificates and put up your application.
You can be requested to put up scanned files for the reason you’ve got got crammed the form.
After the enterprise approves the withdrawal request, you’ll get hold of cash for your financial institution account. It typically takes 15-20 days to get the cash credited to the financial institution account.