It is unknown to many people that taking a loan from their PF accounts. Employer’s Provident Fund Organisation (EPFO) allows employees to partially withdraw money from their PF account to use it as a personal loan.
Also Read : Public Provident Fund (PPF) to NPS, retirement planning options and strategies explained
EPF Loan: How to apply
- Visit the Member Interface of EPFO Unified Portal and login.
- Navigate to Online Services>Claim section.
- Enter the last 4 digits of your bank account to verify.
- Click on “Proceed for Online Claim”.
- Select PF Advance/ Form 31 from the drop down menu.
- Select purpose as “outbreak of Pandemic (COVID-19)”.
- Enter the required amount and upload a scanned copy of cheque and enter your address.
- Click on “Get Aadhaar OTP”.
- Enter the OTP to submit the request.
EPF Loan: Important documents
- Form 19: It is required for the Final PF Settlement.
- Form 10-C: It is required for pension withdrawal benefit.
- Form 31: It is required for partial withdrawal (advance) of EPF in case of an emergency. It can be directly accessed from the Member Interface of EPFO Unified Portal.
Also Read : How to claim your TDS refund
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