Ads Area

Know all about EPFO one-page online withdrawal form

Employees’ Provident Fund Organisation (EPFO) offers an online service to withdraw your provident fund (PF) amount online using just one composite form. In order to PF withdrawal process quick and smooth, the provident fund body introduced a one-page
composite form for those EPF subscribers who have already linked their Universal Account Number (UAN) with Aadhaar.

It may be noted that earlier, there were three withdrawal forms - Form 19 for final PF settlement, Form 10C for pension withdrawal and Form 31 for non-refundable PF advance. However, the single page composite claim form has replaced multiple claim forms making the process a lot less complicated. These PF withdrawal claim forms are accepted and processed on self-attestation basis without any attestation by the employer.

How to withdraw PF online:

Step 1: Visit the unified portal of EPFO: https://unifiedportal-mem.epfindia.gov.in/memberinterface/.

Step 2: Login with the UAN and password.

Step 3: Enter the captcha code and sign in.

Step 4: Move the cursor on the ‘Manage’ tab and click on ‘KYC’ from the drop-down menu.

Step 5: Check whether the KYC is complete or not. Move the mouse cursor to the ‘Online Services’ tab and click on ‘Claim ’ from the drop-down.

Step 6: Click on ‘Verify’ on the claim screen displayed.

Step 7: Enter the last four digits of the bank account on the claim form.

Step 8: Submit the form by clicking on 'Proceed for online claim'.

Generally, you need Aadhaar, bank account details and PAN to make the PF withdrawal claim. According to EPFO rules, in cases where the fund is withdrawn before the completion of 5 years of employment (or membership with the EPF), the amount is taxed as "income from salary".

Worth mentioning here is that an employee is eligible to withdraw up to 100 per cent of the provident fund balance on the course of unemployment of more than two months. The provident fund balance can be withdrawn for special purposes as mandated by the EPFO such as buying a house, construction/renovation of the house, repayment of loans, treatment of illness, etc.
Tags

Post a Comment

0 Comments
* Please Don't Spam Here. All the Comments are Reviewed by Admin.

Top Post Ad

Below Post Ad

Ads Area