PF withdrawal claims can be settled inside three days of their receipt.
Retirement fund physique, the Employees’ Provident Fund Organisation (EPFO), has allowed its members to avail second non-refundable COVID-19 advance whereby the EPFO subscribers can be allowed withdraw as much as 75 per cent of their contribution from the corpus or the sum of fundamental wages and dearness allowance for a interval of three months to ease the burden on its members within the wake of second wave of COVID-19 pandemic. “To support its subscribers during the second wave of COVID-19 pandemic, EPFO has now allowed its members to avail second non-refundable COVID-19 advance,” Ministry of Labour & Employment mentioned in a press launch.
In wake of the second wave of COVID-19 pandemic whereby ‘mucormycosis’ or black fungus was declared an epidemic, EPFO determined to lend a serving to hand to its members by assembly their monetary wants.
Members who’ve already availed the primary COVID-19 advance can now go for a second advance additionally, the retirement physique mentioned.
“Considering urgent need of members for financial support in these trying times, it has been decided to accord top priority to COVID-19 claims. EPFO is committed to settle these claims within three days of their receipt,” EPFO added.
Here is learn how to declare you provident fund withdrawal on-line:
The person is required to log in to the EPF scheme’s member portal – unifiedportal-mem.epfindia.gov.in. This is to use for both 75 per cent of the non-refundable advance element of an EPF account or three months of wages and dearness allowance, whichever is much less.
Once logged in, the member has to pick the declare type 31 underneath the net providers part of the web site. In the subsequent step, the person is prompted to confirm the final 4 digits of financial savings checking account quantity linked with the PF account and click on on “proceed”.
The EPF subscriber is redirected to a withdrawal type. On the subsequent web page, the member selects the “PF Advance” type (Form 31) from the dropdown subsequent to the textual content “I want to apply for”.
The person, then has to pick, the aim for withdrawal. The portal has launched a brand new possibility, known as “outbreak of pandemic (Covid-19)”, within the dropdown menu.
The subscriber is requested to offer a scanned copy of a cheque clearly displaying the IFSC code and the account quantity.
The member submits the request by verifying the Aadhaar quantity by means of an OTP- or One Time Passcode-based technique.
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