EPF can be withdrawn online through the Employees Provident Fund Organization (EPFO) website. The Employees Provident Fund (commonly known as EPF) is a mandatory contributory provident fund that provides savings, pension and insurance benefits to the Indian workforce. As a standard, all regular workers in the country are required to contribute 12% of their basic salary (and applicable allowances) to the fund each month. Contributions are kept in the worker’s EPF account and all contributions, along with similar contributions and interest from the employer, can be withdrawn on retirement. However, there are some ways to withdraw money early.
In this article, we will provide the steps by which you can withdraw money from EPF online.
How to withdraw money from EPF online
Before starting the steps to withdraw EPF online, it is important to note that full withdrawal from the EPF account is only possible when an individual retires or is unemployed for more than two months. However, EPFO ​​has made provisions for partial withdrawal in certain circumstances such as illness, marriage, disaster and home renovation. You can check the criteria for early withdrawal in the FAQ document on the EPFO ​​website.
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Enter your Universal Account Number (UAN) and password, and enter the verification code. Then, click login button.
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Now, click Online services from the top menu and click Claims (FORM-31,19,10C&10D) options.
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Verify the details shown on the online claim form.
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After verification, enter your bank account number.
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click Verify button and then click the Yes button on the Commitment Certificate.
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You will now be asked to continue your claim by clicking stay online claim.
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Now, the claim form will ask you to enter whether you are applying for early PF withdrawal. It will display a drop-down menu titled “Purposes Required for Prepayment” to select from available purposes that match your withdrawal requirements.
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Enter the desired amount in the text box below, then enter your mailing address in the “Employee Address” section.
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Click on the certificate and submit your request.
After submission, the EPFO ​​website may ask you to submit scanned documents for the purpose of filling up your claim form. The request requires approval from your employer to proceed with the withdrawal. Also, it may take 15 to 20 days to receive the money in your bank account linked to your EPF account.
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