Individuals willing to withdraw EPF must note that withdrawal is possible both partially and fully. Similarly, you can choose to withdraw the amount through an offline or online mode. Partial EPF withdrawal can be made under certain circumstances. On the other hand, complete withdrawal is allowed for retiring persons or individuals with two months of unemployment.
If you are withdrawing EPF under any of such circumstances, read on to know everything about it.
Different Ways to Withdraw EPF
As stated in the introductory paragraph, EPF can be made in both offline and online methods. Therefore, let's discuss the processes separately.
How to Withdraw EPF Offline?
Below is discussed the offline withdrawal process of EPF
Step 1: Download the Composite Claim Form (Aadhaar or non-Aadhaar).
Step 2: Individuals applying through the Composite Claim Form (Aadhaar) need to link the Aadhaar number with the primary bank account number (known as the Aadhaar seeding) and provide the bank account details. Further, it requires an activation process through the portal.
Step 3: On the other hand, individuals applying with the Composite Claim Form (Non-Aadhaar) need not do the Aadhaar seeding process to withdraw EPF.
Step 4: Once individuals fill out data, they must submit the form to the respective jurisdictional EPFO office. Here, the attestation of the employer is also needed.
Following is mentioned the online process for EPF withdrawal.
Step 1: Visit the Member e-Sewa portal on the EPFO portal.
Step 2: Sign in to your account with a password, UAN, and Captcha code.
Step 3: Select 'Claim (Form-19, 31, 10C & 10D)' from the ‘Online Services’ tab.
Step 4: A new webpage will open where you need to provide the correct bank account number linked with UAN.
Step 5: Click on Verify.
Step 6: After verifying bank account details, you need to confirm the terms and conditions mentioned by EPFO.
Step 7: Select 'Proceed For Online Claim.'
Step 8: Here, you need to select the reasons for the withdrawal from a drop-down list. Remember, the given listing shows options based on your eligibility.
Step 9: Once individuals complete selecting the reasons for withdrawal or advance, they need to provide their address. Please note that individuals claiming an advance must mention the amount and upload a scanned copy of the required documents (as instructed by EPFO).
Step 10: Click on terms and conditions.
Step 11: Select 'Get Aadhaar OTP.'
Step 12: An OTP will be sent to your registered mobile number. Insert the OTP in the relevant box.
Step 13: After successfully entering OTP, the online claim for EPF withdrawal will be submitted.
To withdraw EPF online, individuals have to activate UAN and link it with the KYC, i.e. Aadhaar, PAN, and bank details. Once all the conditions are met, individuals can easily claim for EPF withdrawal.
Created & Posted by (Twinkle)
Accountant at TAXAJ
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