EPF Withdrawal – On The Web EPF Withdrawal Procedure

EPF Withdrawal – On The Web EPF Withdrawal Procedure

The us government of Asia will probably pay the manager and worker share to EPF account of workers for the next 90 days from June to August 2020. The advantage is for establishments with as much as 100 workers and where 90% of these employees draw an income of lower than Rs 15,000 each month. The share to EPF is paid down to 10% from 12per cent for non-government organisations.

EPF (Employees’ Provident Fund), generally known as PF (Provident Fund), is really a mandatory savings cum your your retirement scheme for employees of a organisation that is eligible. This investment will probably be a corpus on which the staff can fall straight right right back on inside their retired life. According to the EPF norm, the staff must add 12% of the fundamental pay on a monthly basis. The employer contributes a matching amount also. The total amount deposited in EPF reports earns interest on a yearly foundation. Employees can withdraw the sum that is entire inside their EPF after they retire. But, untimely withdrawals may be made on fulfilling specific conditions that are explained in this essay.

Read our other articles on PF Claim reputation , PF Balance Check, PF Transfer & PF Payment, Budget 2019. Right right right Here, it might be highly relevant to mention that workers’ Provident Fund Organisation has allocated UAN, for example. the Universal Account quantity compulsory for the workers covered underneath the PF Act. The UAN is from the employee’s EPF account. The UAN stays portable through the entire time of a worker, and there is you should not make an application for EPF transfer in the period of changing jobs.

In this specific article we cover the topics that are following


1. Whenever can EPF be withdrawn

One might choose to withdraw EPF totally or partially. EPF may be totally withdrawn under some of the circumstances that are following

a. Whenever an individual retires

b. When an individual remains unemployed for over 2 months. The individuals must get an attestation of the same from a gazetted office to make a withdrawal on this circumstance.

The entire withdrawal of EPF while switching companies without staying unemployed for 2 months or maybe more (i.e. through the interim duration between changing jobs), is resistant to the PF foibles therefore is certainly not permitted. Partial withdrawal of EPF could be made under particular circumstances and susceptible to certain prescribed conditions that have been talked about in brief below:

Partial withdrawal of EPF can be achieved under particular circumstances and susceptible to certain recommended conditions which were talked about in brief below:

Sl. No.

Particulars of good reasons for withdrawal

Limit for withdrawal

No. of several years of solution needed

Other conditions

Six times the monthly salary that is basic the total employee’s share plus interest, whichever is leaner

Treatment of self, spouse, young ones, or moms and dads

As much as 50percent of employee’s share of contribution to EPF

When it comes to wedding of self, son/daughter, and brother/sister

As much as 50per cent of employee’s share of contribution to EPF

Either for account holder’s child’s or training education (post matriculation)

Buy of land or purchase/construction of a residence

For land – as much as 24 times during the month-to-month fundamental wage plus dearness allowance

For house – as much as 36 times during the month-to-month fundamental income plus dearness allowance,

Above limitations are limited to the cost that is total

i. The asset, i.e. land or the household should really be within the title associated with the worker or jointly utilizing the partner. ii. It may be withdrawn one time for this function through the whole solution. iii. The construction has to start within a few months and should be finished within one year through the withdrawn instalment that is last.

Mortgage repayment

i. The home should really be registered within the title associated with the worker or spouse or jointly because of the partner.

ii. Withdrawal permitted at the mercy of furnishing of prerequisite papers as previously mentioned because of the EPFO concerning the housing loan availed.

iii. The accumulation within the member’s PF account (or with the partner), like the interest, needs to be much more than Rs 20,000.

Least regarding the below:

The monthly wages and dearness allowance, or up to 12 times

Workers contribution with interest, or

i. The house should really be registered when you look at the title of this worker or partner or jointly held because of the spouse. ii. The center can twice be availed: a. After five years regarding the conclusion associated with home b. Following the ten years regarding the conclusion of the home

Partial withdrawal before your your retirement

As much as 90% of accumulated balance with interest

When the worker reaches 54 years and withdrawal should really be within one of retirement/superannuation year

2. Means of EPF withdrawal

Broadly, the withdrawal of EPF may be made either by:

  1. Submission of a application that is physical withdrawal
  2. Submission of an online application

1. Submission of the real application

With this, one could install the latest composite claim (Aadhaar)/composite claim form (Non-Aadhaar) from right here :

This new composite claim form (Aadhaar) may be filled and submitted into the particular jurisdictional EPFO workplace without having the attestation associated with company whereas, the brand new composite claim kind (Non-Aadhaar) shall be filled and submitted utilizing the attestation regarding the manager towards the particular jurisdictional EPFO workplace. You can additionally observe that in case there is partial withdrawal of EPF quantity by a member of staff for different circumstances as talked about within the table that is above extremely recently, the necessity to furnish different certificates happens to be eased together with choice of self-certification happens to be introduced when it comes to EPF readers. (For details, you can easily refer order dated 20.02.2017 of this EPFO by clicking here)

2. Submission of a application that is online EPF Withdrawal

Interestingly, the EPFO has really recently show up because of the online center of withdrawal, that has made the entire procedure more comfortable much less time-consuming.


To try to get the withdrawal of EPF on line through the EPF portal, ensure that the conditions that are following met:

  1. The UAN (Universal Account Number) is triggered, additionally the mobile quantity utilized for activating the UAN is with in working condition.
  2. The UAN is connected together with your KYC, in other words. Aadhaar, PAN and also the bank details combined with IFSC rule.

If the aforementioned conditions are met, then your dependence on attestation associated with past boss to hold the process out of withdrawal can be achieved away with.

Steps to apply for EPF withdrawal on the web:

Step one: go directly to the UAN portal by pressing right right right here.

Step two: sign in together with your UAN and password and go into the captcha.

Step three: Then, click the tab ‘Manage’ and choose KYC to test whether your details that are KYC as Aadhaar, PAN additionally the bank details are proper and verified or otherwise not.

Step: following the KYC details are confirmed, go right to the tab ‘Online Services’ and choose the possibility ‘Claim (Form-31, 19 & 10C)’ through the drop-down menu.

Action 5: The ‘Claim’ display will show the user details, KYC details along with other solution details. Go into the last four digits of the bank click and account on ‘Verify’.

Action 6: Click on ‘Yes’ to signal the certification regarding the undertaking and proceed then.

Action 7: Now, simply click on ‘Proceed for on the web claim’.

Action 8: within the claim type, choose the claim you need, i.e. full EPF settlement, EPF component withdrawal (loan/advance) or retirement withdrawal, underneath the tab ‘i wish to Apply For’. Then that option will not be shown in the drop-down menu if the member is not eligible for any of the services like PF withdrawal or pension withdrawal, due to the service criteria.

Action 9: Then, select ‘PF Advance (type 31)’ to withdraw your investment. Further, supply the reason for such advance, the quantity needed and also the employee’s target.

Action 10: go through the certificate and submit the job. You may well be expected to submit scanned papers for the reason you have got filled the shape. The manager will need to accept the withdrawal demand after which just you will receives a commission in your bank account. It typically takes 15-20 times to have the money credited towards the banking account.

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