EPF withdrawal on-line is feasible by way of the Employees’ Provident Fund Organisation (EPFO) web site. Employees’ Provident Fund — generally often known as EPF — is a obligatory contribution provident fund that provides the workforce in India with saving, pension, and insurance coverage advantages. All regularised staff within the nation want to contribute to the fund with 12 p.c of their primary pay (and dearness allowance, the place relevant) each month, as per the norm. The contribution is saved in an EPF account of the employees, and the whole cash contributed — together with the same contribution from the employer and curiosity — may be withdrawn on the time of retirement. However, there are methods for untimely withdrawals as nicely.
In this text, we’re offering steps by way of which you’ll withdraw cash from your EPF on-line.
How to withdraw cash from EPF on-line
Before starting with the steps of EPF withdrawal on-line, it is vital to notice that full withdrawal from an EPF account is barely attainable if a person retires or stays unemployed for greater than two months. The EPFO has, nonetheless, made provisions for partial withdrawal in some instances, corresponding to medical sickness, marriage, calamity, and home renovation. You can take a look at the factors for untimely withdrawal on the FAQ doc obtainable on the EPFO website.
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Enter your Universal Account Number (UAN) and password in addition to enter CAPTCHA. And then, click on on the Sign in button.
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Now, click on on Online Services from the highest menu after which click on on CLAIM (FORM-31,19,10C&10D) choice.
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Verify the main points showing on the Online Claim kind.
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Once verified, enter your checking account quantity.
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Click on the Verify button after which click on on the Yes button obtainable on the certificates of endeavor.
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You will now be requested to proceed with the declare by clicking on the Proceed for Online declare.
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The declare kind will now require you to enter whether or not you might be making use of for the superior PF withdrawal. It will present a drop-down menu titled ‘Purpose for which advance is required’ to choose from the obtainable functions in your withdrawal requirement.
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Enter the quantity required within the following textual content field after which enter your mailing deal with within the Employee Address part.
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Click on the certificates and submit your request.
Once submitted, the EPFO website might ask you to submit scanned paperwork for the aim for which you will have crammed the declare kind. The request will want to be accepted by your employer to proceed with the withdrawal. Moreover, it could take 15–20 days to obtain the cash within the checking account you’ve got linked along with your EPF account.
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