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PF Withdrawal

This facility is for employees who faced challenges while withdrawing their provident

fund from their PF account. Withdrawal may be of final withdrawal or advances from PF account.

PF Withdrawal

We are Offering hassle-free online service to file for the PF Withdrawal at just starting ₹ 1499 all inclusive fees.

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An Person can withdraw provident fund after two months of resigns or retires. However, an employee can also withdraw his PF as advance provident all conditions of under the Employees Provident Fund & Miscellaneous Provisions Act, 1952.75% PF Withdrawal can be done after one months of unemployment and remaining 25% PF Withdrawal can be done after two months of unemployment. You can claim/ withdraw your PF by filing PF Withdrawal Form.

EPF Withdrawal Rules:

  • Money from EPF account cannot be withdrawn during employment. It is a long-term retirement scheme. Hence, money can be withdrawn after retirement or resignation.

  • Partial amount can be withdrawn from EPF account during an emergency such as medical care, high school education and house construction.

  • EPFO allows withdrawal of 90% of PF amount before retirement but the person should not be less than 54 years.

  • EPF amount can be withdrawal before retirement when a person faces unemployment.

  • As per the new rules, 75% PF Withdrawal can be done after one months of unemployment and remaining 25% PF Withdrawal can be done after two months of unemployment.

  • If the Entire amount of EPF Account is less than 50,000 then the TDS will not be deducted. Otherwise, the TDS rate is 10% if the applicant provide PAN card otherwise it is 30% plus taxes.

When can PF be withdrawn?

The PF amount can be withdrawn on retirement. If withdrawal is to be made before retirement, certain conditions are to be met. PF fund can be withdrawn fully or partially. Full withdrawal can be made

  • When an individual retires

  • When an individual is unemployed for more than 2 months. This does not include unemployment during the period of changing jobs

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Partial withdrawal can also be made in certain circumstances. Some of the cases in which partial withdrawal can be made is

  • Medical purposes- Limit for withdrawal is 6 times the monthly basic salary or the total employee’s share plus interest, whichever is lower

  • Marriage purposes- only for employees with minimum 7 years of service. Limit of withdrawal is 50% of employee's contribution to PF

  • Post matric education- can be availed by employees with minimum 7 years of service. 50% of employee's contribution to PF can be withdrawn

  • Purchase of land or purchase/construction of building- In case of purchase of land, limit of withdrawal is 24 times of basic salary plus dearness allowance. In the case of building, the limit of withdrawal is 36 times of basic salary plus dearness allowance. The employee should have minimum 5 years of service

  • Partial withdrawal before retirement- 90% of accumulated amount with interest can be withdrawn before 1 year of retirement, once the employee reaches 54 years of age

 

Further, the government has announced new Covid-19 settlement rules to meet the financial needs of members of Employee Provident Fund Organization (EPFO) during lockdown. As per the announcement, the claims shall be settled within 3 days than the usual 10 days. According to the amendment rules, members can withdraw an amount equal to three months of basic salary plus dearness allowance or 75 per cent of the credit balance of the account, whichever is lower

Application to withdrawal of PF can be made by submission of physical application or online application

 

Submission of Physical application

For physical application, new composite claim/ old composite claim should be downloaded

 

New composite claim (Aadhar) can be submitted at EPFO office without employer's attestation. Whereas, old composite claim/ Non- Aadhar claim should be submitted only with employer's attestation

 

Steps for submission of Online application

EPFO has introduced an online mode of application through EPF portal. For this UAN(Universal Account Number) of the employee should be linked with KYC and registered mobile number should be activated.

 

  1. Go to UAN portal- epfindia. gov. in

  2. Login using UAN and password  

  3. Verify the KYC, Aadhar and PAN details of the account

  4. In the next step, select claim form from the 'online services' menu

  5. Member details and KYC details will be shown. Last four digits of bank account number should be entered for verification

  6. After proceeding with all the above steps, the type of EPF settlement (Full or partial) should be mentioned under the 'I want to apply for' tab. This tab shall be displayed only for eligible employees

  7. PF Advance (Form 31) should be selected and details regarding amount of withdrawal, employer's details and purpose of withdrawal must be filled

  8. In the last step, click on certificate and submit. The money shall be received only on approval by the employer and then PF department. On withdrawal money will be deposited into bank account of employee within 15 to 20 days approximately

Steps to withdrawal of PF

Application to withdrawal of PF can be made by submission of physical application or online application

 

Submission of Physical application

For physical application, new composite claim/ old composite claim should be downloaded

 

New composite claim (Aadhar) can be submitted at EPFO office without employer's attestation. Whereas, old composite claim/ Non- Aadhar claim should be submitted only with employer's attestation

 

Steps for submission of Online application

EPFO has introduced an online mode of application through EPF portal. For this UAN(Universal Account Number) of the employee should be linked with KYC and registered mobile number should be activated.

 

  1. Go to UAN portal- epfindia. gov. in

  2. Login using UAN and password  

  3. Verify the KYC, Aadhar and PAN details of the account

  4. In the next step, select claim form from the 'online services' menu

  5. Member details and KYC details will be shown. Last four digits of bank account number should be entered for verification

  6. After proceeding with all the above steps, the type of EPF settlement (Full or partial) should be mentioned under the 'I want to apply for' tab. This tab shall be displayed only for eligible employees

  7. PF Advance (Form 31) should be selected and details regarding amount of withdrawal, employer's details and purpose of withdrawal must be filled

  8. In the last step, click on certificate and submit. The money shall be received only on approval by the employer and then PF department. On withdrawal money will be deposited into bank account of employee within 15 to 20 days approximately

Frequently Asked Questions

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