PF or Provident Fund is your right as an employee. An eligible organization is required to offer their salaried employees with this savings cum retirement scheme, to help them fall back onto these funds post-retirement. The process entails the employee to contribute at least 12% of their monthly salaries into Provident Fund, and expect their employers to make a matching contribution. This process is monitored by the Employees' Provident Fund Organisation (EPFO).
Although these funds are intended to be a corpus for employees after they retire, many opt for premature withdrawal of PF for a variety of personal reasons. PF can be generally withdrawn by submitting a physical application to the EPFO office, however, the body has recently introduced a PF Withdrawal Process Online for the convenience of the people. We are going to discuss how you can do that with some simple steps:
Withdraw Your PF Online in 6 Steps
To apply for PF withdrawal online, you need to make sure that your UAN (Universal Account Number) is activated, it is linked with your Aadhaar or PAN card, and the mobile number used in the respective activation is in working condition. If these prerequisites meet, you can proceed to withdraw the funds using the below-mentioned steps:
● Go to the UAN portal and login with your UAN, password, and enter the captcha.
● Once you’re on the home page, click on the “Manage” tab and choose “KYC” from the dropdown, and check whether your KYC details have been verified.
● Now go to the “Online Services” tab and choose the option for Claim (Form-31, 19 & 10C). In the “Claim” window, add the last four digits of your bank account no. and click on “Verify”.
● A window to sign the certificate of the undertaking will pop up, click “Yes” on the same, and then click on the “Proceed for online claim” to select the claim you require (partial or complete).
● Now select the “PF Advance (Form 31)” option to withdraw your funds, and provide the necessary details.
Submit your application to complete your PF withdrawal process online by Connect2Payroll in Ahmedabad, India.
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