Tips on how to Withdraw Cash from Your EPF Account On-line


EPF withdrawal on-line is feasible by way of the Workers’ Provident Fund Organisation (EPFO) web site. Workers’ Provident Fund — generally often called 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 have to contribute to the fund with 12 p.c of their fundamental 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and the complete cash contributed — together with an analogous contribution from the employer and curiosity — may be withdrawn on the time of retirement. Nonetheless, there are methods for untimely withdrawals as properly.

On this article, we’re offering steps by way of which you’ll withdraw cash out of your EPF on-line.

Tips on how to withdraw cash from EPF on-line

Earlier than starting with the steps of EPF withdrawal on-line, you will need to observe that full withdrawal from an EPF account is simply attainable if a person retires or stays unemployed for greater than two months. The EPFO has, nevertheless, made provisions for partial withdrawal in some instances, reminiscent of medical sickness, marriage, calamity, and home renovation. You possibly can take a look at the standards for untimely withdrawal on the FAQ document obtainable on the EPFO web site.

  1. Enter your Common Account Quantity (UAN) and password in addition to enter CAPTCHA. After which, click on on the Sign up button.

  2. Now, click on on On-line Companies from the highest menu after which click on on CLAIM (FORM-31,19,10C&10D) possibility.

  3. Confirm the small print showing on the On-line Declare kind.

  4. As soon as verified, enter your checking account quantity.

  5. Click on on the Confirm button after which click on on the Sure button obtainable on the certificates of endeavor.

  6. You’ll now be requested to proceed with the declare by clicking on the Proceed for On-line declare.

  7. The declare kind will now require you to enter whether or not you’re making use of for the superior PF withdrawal. It can present a drop-down menu titled ‘Goal for which advance is required’ to pick out from the obtainable functions on your withdrawal requirement.

  8. Enter the quantity required within the following textual content field after which enter your mailing deal with within the Worker Handle part.

  9. Click on on the certificates and submit your request.

As soon as submitted, the EPFO web site might ask you to submit scanned paperwork for the aim for which you might have stuffed the declare kind. The request will must be accepted by your employer to proceed with the withdrawal. Furthermore, it might 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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Jagmeet Singh writes about client know-how for Devices 360, out of New Delhi. Jagmeet is a senior reporter for Devices 360, and has regularly written about apps, laptop safety, Web companies, and telecom developments. Jagmeet is accessible on Twitter at @JagmeetS13 or E mail at [email protected] Please ship in your leads and ideas.

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