EPFO or Employees' Provident Fund Organisation allows an employee of an eligible organization to have a secure life post-retirement with the help of a scheme called Provident Fund. This fund is a contribution from both the employee and the employer, where at least 12% of the monthly salary of the former and a matching amount by the latter is deposited. This fund then gets interested on an annual basis and provides security to an employee post-retirement. Many employees also choose to withdraw the fund pre-maturely for an array of personal reasons, which is why a provision has been made that allows them the same.
Since many people are unable to submit physical applications to the EPFO office due to time constraints in their busy lives, the process has been moved online as well! The below-mentioned steps will help you understand How to Withdraw PF Online, sitting at your home!
Steps to Withdraw PF Online
Before everything else, you need to make sure your UAN (Universal Account Number) is active, and the mobile number you have used in the activation is in working condition.
● Open the UAN portal on a browser and log in with your UAN and password.
● The next step will be to check whether your PAN or Aadhaar have been verified with your UAN. You can do this by going to the “KYC” option under the “Manage” tab.
● Now go to the “Online Services” tab and verify your bank account no. by adding the last four digits of the same and click on “Verify”.
● Once you do this, a pop up will open up to sign the “Certificate of the undertaking”, click “Yes” on the same.
● After that, click on the “Proceed for online claim” to choose whether you want to withdraw the full or partial funds.
● In the end, choose the “PF Advance (Form 31), to withdraw your funds by providing necessary details and submit the application.
You will receive your funds within 15-20 days after your employer authorizes your request. You have now completed the steps on how to withdraw PF online by Connect2Payroll in Ahmedabad.
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