PF Withdrawal Procedure: PF ( Provident Fund ) or EPF similarly called the Employee Provident Fund Scheme. It is one where as the Staff Member or employee contribute a little part of their compensation i.e. 12% of their essential basic salary every month as Provident Fund in process of PF online. A calculated amount is contributed by the employee holder or employer for PF online.
Likewise a contribution from compensation, together, make a sum of corpus. This is to be used to fund the staff member’s retirement. EPF withdrawal by Staff Member’s can, consequently, be done in advance itself i.e. for example during the span of their employment. Such conditions have been explained later equally important.
PF Withdrawal Procedure – EPF Withdrawal Form, Rules, Status Online
Here, it would be an additional support to mention that EPF group as PF online has made the share portion of UAN i.e. the Universal Account Number mandatorily necessary for all the staff covered under the PF Act. UAN would be connected to the employee’s EPF account. The UAN stays to be transferred throughout the lifetime of an staff member and nothing is needed to apply for EPF change at the time of moving into other jobs.
1. Where can the EPF be taken back.
One may select to takeback EPF centire amount or part of the Total fund.
2. EPF as PF online can be totally taken back under any of the below conditions:
When an staff member completes his/her employment tenure.
3. If a person remains without a job for a termof 2 consecutive months or even more. Here, it requires to a mention that the fact that the person is without job for more than 2 consecutive months has to be approved officially by a gazetted reputed official.
Furthermore, complete withdrawal of Employee PF while changing over from one job to another without remaining with no job for 2 consecutive months or more(i.e. for example During the interim period between changing multiple jobs), will be against the PF rules and regulations and therefore illegal according to law.
Procedure for EPF withdrawal- PF Withdrawal Procedure
Firstly, take back of EPF can also be done either by:
Submitting physical application form for withdrawal of PF
Submitting application in online.
Submitting of physical application form
Further, one can download the latest company composite claim form (Aadhar)/ composite claim form (Non-Aadhar) from below here :
EPFO PortalThe new composite claim form (Aadhar) can be properly written and sent to the respective reputed jurisdictional EPFO premises without the attestation approval of the employer whereas the result, the new composite claim form (Non-aadhaar) shall be completely and properly filled and submitted with the attestation of the employer to the respective jurisdictional EPFO office.
One may also note as well as, that in case of partial withdrawal of EPF amount by an employee for various circumstances as addressed in the above top table, very frequently, the necessity to charge various certificates has been done away with and the option of self-certification has been introduced for the EPF holders.
Submitting application online
Similarly, the EPFO has very frequently came up with the online forum of withdrawal which has oversupply for the entire routine easier and low time-consuming.
Pre Condition: To extend for taking back of EPF online along with EPF Portal, ensure that the below conditions are satisfied:
UAN (Universal Account Number)should be activated currently and the mobile phone contact number
used for activating the UAN is in activate condition
UAN is linked with your KYC i.e. Aadhaar, PAN and bank account details also along with the IFSC code.
If the above conditions are satisfied, then the necessity of an attestation approval of the before employer to finish the steps of withdrawal can be done away within here.
PF Withdrawal Procedure Step by Step Methods
Step 1: Go to the UAN portal.
Step 2: Login with your UAN and password key and enter the captcha displayed.
Step 3: Then, click on the tab option as shown ‘Manage’ and choose KYC to check with whether your KYC details such as Aadhaar card No, PAN and bank account details are true and verified or not.
Step 4: After the KYC details are once confirmed, go to the tab Online Services’ and press the option ‘Claim’ from the drop-down menu in the top.
Step 5: The ‘Claim’ screen will show the member details, KYC details and other service information. Press on the tab option ‘Proceed For Online Claim’ to proceed with your claim form application.
Step 6: In the claim form application, press the claim request that you require i.e for example full EPF Settlement, EPF Part withdrawal (loan/advance) or pension withdrawal, under the tab ‘I Want To Apply For’. If the member is not eligible or upto the mark for any of the services like PF withdrawal or pension withdrawal, due to the service criteria procedure, then that option item will not be shown in the drop-down menu.