Employees Provident Fund
withdrawal during COVID -19
COVID-19
has been declared as a pandemic by WHO (the World Health Organisation) owing to
its spread across the continents. Due to the imposition of lockdown in major
economies of the world, people have been sacked, received pay cuts and have
been put on furloughs without pay till the situation normalises.
For
the emerging economies like India, the scenario is getting worse and calls for
an immediate relief package and stimulus from the government. For people who
are not left with much cash every month end due to their financial commitments
and fragile nature of their jobs, the central government organisation EPFO has
permitted partial withdrawal of their PF deductions in the form of an ‘advance’
to save their coffers.
A non-refundable withdrawal to the extent of
the basic wages and dearness allowance for three months or up to 75% of the
amount standing to member's credit in the EPF account, whichever is less, is
allowed.
We will take you through the withdrawal
process for the same which is an online process and all such claims are
processed on a priority basis by the EPFO. So far 3.31 lac PF withdrawal claims
have been processed by the EPFO in 15 days.
‘Process Outline’
2. Login with your UAN credentials. UAN (Universal Account Number) is a 12-digit number which is provided to each member of the EPFO through which he can manage his PF accounts. Make sure you have linked your Aadhaar with your bank account which is mentioned in your EPF enrollment form and have completed your KYC.
You will find the below screen once you
login:
3.Go
to “Online Services” dropdown and click on ‘CLAIM (Form-31,19,10C&10D).
4. You
will get the below screen where you have to fill in your “Bank Account Number”
which is linked with the UAN. Once you verify the bank account number you will
get the “Proceed for online claim” option at the bottom of the page.
5. Once
you complete step 4, you will get the below screen where you have to select the
dropdown option PF ADVANCE (FORM-31) against “I want to apply for” row description.
· Select
OUTBREAK OF PANDEMIC (COVID-19) against “Purpose
for which advance is required”. Please note that only ‘one advance’ is
admissible under this scheme.
· Enter
the amount of advance as per the guidelines shared in the first paragraph.
· Fill
out “employee address” as per your Aadhaar Card.
· Upload
a scanned copy of cheque/passbook for the bank account linked to Aadhaar and
UAN.
6.Once
you fill out all the details as per Point 5 above, you can proceed as below:
· Tick mark the declaration as given above
· Generate Aadhaar OTP which will be sent to your registered mobile number.
7. Enter the OTP and submit the claim. The claim usually takes 5-7 working days to be credited to your account.
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Thanks for the step by step process along with screenshots attached.... Very Informative... ��
ReplyDeleteI don't have the UAN no.i worked at Bangalore Karnataka from 2008 to 2011.But ihave only EPF no.plz help me to withdraw
ReplyDeleteAre you working currently?
ReplyDeleteNice article kalpit...pls let me know as my organization deduct pf as well as some amount go into pension account then kindly let me know how can i withdraw my pension amount?
ReplyDeleteHi Arun,thanks for your query. This withdrawal is allowed for your EPF balance and not for your EPS balance. EPS balance can be withdrawn after 10 years of continuous service or if your employment ceases. EPS amount is based on annuity factor computed as per the number of years served during employment.
ReplyDeleteThanks brother
ReplyDeleteVery informative...thanks Kalpit
ReplyDeleteMost welcome 😊
ReplyDelete