The Staff’ Provident Fund (EPF) is a compulsory contribution provident fund that gives the workforce with advantages for insurance coverage, pensions, and financial savings. Each month, 12 p.c of each common worker’s fundamental pay (and dearness allowance, as relevant) is contributed to the fund. The contribution is saved within the worker’s EPF account, and at retirement, all the quantity contributed—together with an identical contribution from the employer and curiosity—may be withdrawn. Nonetheless, utilizing the Staff’ Provident Fund Organisation (EPFO) web site, one can withdraw some early EPF funds on-line.
Vital:
A full withdrawal from an EPF account is barely permitted within the occasion that an individual retires or is unemployed for a interval longer than two months. Nonetheless, the EPFO has made provisions for partial withdrawal in some circumstances, together with illness, marriage, residence renovations, and so forth.
To withdraw cash out of your EPF account on-line, observe these steps:
Go to the UAN Member e-Sewa web site. (https://unifiedportal-mem.epfindia.gov.in/memberinterface/)
Check in to your EPF account by coming into your UAN quantity, password and the CAPTCHA code.
Click on on the “On-line Companies” choice from the highest menu.
Click on on the CLAIM (FORM-31,19,10C&10D) choice.
Confirm the knowledge that seems on the net declare kind and enter your checking account quantity.
Choose the “Sure” button on the certificates of enterprise after deciding on the “Confirm” button.
Click on on “Proceed to On-line Declare.”
You have to point out on the declare kind if you’re requesting an advance PF withdrawal. It’ll show a drop-down menu titled “Function for which advance is required,” from which you’ll select one of many out there functions to satisfy your withdrawal requirement.
Enter the required quantity within the textual content field after which fill out the Worker Tackle part together with your mailing deal with.
Click on on the certificates and submit your request.
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High Remark
Benoi Madhavan
392 days in the past
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