Employees’ Provident Fund (EPF) employees can withdraw their Provident Fund (PF) balance through online process. This can be done through the member e-SEWA portal of EPFO. The employees can withdraw their complete savings in the PF after they retire or they can also withdraw a partial amount if they meet certain criteria, during the financial emergency.
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A step-by–step guidefor online PF withdrawal:
1) Visit the official Universal Account Number (UAN) portal
2) Log in using your UAN and password
3) Enter the captcha for verification.
4) Go to the ‘Online Services’ tab and select the option ‘Claim (Form 19, 31, 10C or 10D)’ from the drop-down menu.
5) On the next screen, enter your bank account number and click on ‘Verify’.
6) Now click on ‘Yes’ and proceed.
7) Click on‘Proceed for Online Claim’.
8) In the claim form, select the claim you require under the tab ‘I want toapply for’.
9) Select ‘PF Advance (Form 31)’ to withdraw your fund. Then provide the purpose of such advance, the amount required and the employee’s address.
10) Click on the certificate and submit your application.
11) The employee may be asked to submit scanned documents for the purpose you have filled the form.
12) After the employer approves the withdrawal request, you will receive money in your bank account.
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Documents Required for PF withdrawal:
- Composite Claim Form
- Two revenue stamps
- Bank account statement (The bank account should be only in the name of the PF holder while he/she is alive)
- Identity proof
- Address proof
- One blank and cancelled cheque with IFSC code and account number
- Personal information like father’s name, Date of Birth, should clearly match with the identity proof
- If an employee withdraws his PF amount before 5 years of continuous service, he/she is liable to facilitate Income Tax Returns (ITR) Forms 2 and 3 in order to prove a detailed breakup of the entire amount deposited in PF account every year.
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Benefits of PF withdrawal online:
Hassle-free withdrawal: The online process saves an individual from the nuisance of visiting the PF office in person, waiting in queues to get the paper work done.
Processing time is minimized: With online claims, the amount will be processed and credited into your bank account within 15-20 days of the application.
No need to visit the former employer for verification work: Online claims are verified easily and automatically.
