Learn how to Withdraw PF Cash: Staff throughout India are required mandatorily to have an Staff Provident Fund (EPF) account, generally known as a PF account to utilise the funds publish retirement. The Staff Provident Fund Organisation, or EPFO, the highest retirement physique of the central authorities, has designed the scheme for workers in order that they’ll fall again on the corpus acquired from it after they retire. If you’re planning to withdraw PF cash that you’ve got saved, you’ll want to know that you are able to do it partly or take the entire financial savings out as per your want.
In line with the foundations set by the EPFO, an worker, throughout his or her tenure, has to contribute no less than 12 per cent of his or her fundamental wage every month. The identical quantity must be contributed by the employer too. The quantity within the PF account is topic to gaining 8.5 per cent curiosity as per present guidelines. An worker is eligible to withdraw PF cash publish retirement or if she or he has been unemployed for 2 months. To withdraw EPF cash, your Common Account Quantity or UAN should be linked to you Aadhaar quantity
The EPFO has lately notified that the PF cash may be withdrawn by way of the federal government’s UMANG App — an unified app to entry varied pan-India providers. It can be withdrawn by way of the UAN portal.
Step-by-Step Information to Withdraw EPF Cash Utilizing UMANG App
Step 1: Obtain the UMANG App from Google Playstore or Apple App Retailer
Step 2: Open the app and click on on New Person possibility
Step 3: Register your self on the UMANG App following the directions like setting an MPIN utilizing OTP
Step 4: After you’re registered, log in to the app and choose the All Companies possibility from the dropdown menu
Step 5: Click on on EPFO and choose the Increase Declare possibility from the dropdown menu
Step 6: Submit your EPF UAN quantity to generate the OTP
Step 7: Submit the One Time Password (OTP) despatched to your registered cellular quantity and choose the kind of withdrawal earlier than filling up the shape
Step 8: You’ll obtain an acknowledgement slip or a declare reference quantity after you submit the request efficiently. You need to use this reference quantity to trace the withdrawal request.
Learn how to Withdraw EPF Cash Utilizing UAN Portal
Step 1: Go to the UAN portal at https://unifiedportal-mem.epfindia.gov.in/memberinterface/. After this, log in together with your UAN and password. Enter the captcha and proceed with signing in.
Step 2: Go to the ‘On-line Companies’ tab on the highest, drop-down menu and click on on the ‘Declare (Type-31, 19 & 10C)’ possibility.
Step 3: This may take you to a brand new web page with all of the member particulars, KYC particulars and so forth. Fill out your checking account quantity and click on on ‘Confirm’. Then you’ll want to fill within the cause for leaving the providers of PF.
Step 4: A pop-up will seem named, ‘Certificates of Enterprise’. Click on on ‘Sure’.
Step 5: Go to the drop-down menu once more and choose the ‘I Need To Apply For’ possibility and from there select the ‘Solely PF withdrawal (Type 19)’ possibility.
Step 6: Fill within the ‘Full Deal with’ part and add scanned copies of your Passbook or Cheque.
Step 7: Choose the tick possibility on the disclaimer and click on on the ‘Get Aadhaar OTP’ possibility. From there fill within the OTP obtained in your registered and linked cellular quantity. After this, submit the applying.
Step 8: After submitting this kind, comply with the identical steps and submit ‘Type 10C’ by way of the portal. The quantity you requested ought to be deposited into your registered checking account inside 15 to 20 days.