EPF withdrawal rules

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Know About PF Withdrawal Rules

• BY epfbalancestatus.co.in

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Employees provident fund amount is withdrawn or
transferred at the time of changing jobs. The
EPFO has taken measures to simplify the process
of PF withdrawal. This post will show you how you
can withdraw your PF money with minimum hassle.
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Follow the information and you can easily carry
out the procedure of EPF withdrawal. The
improvement in the procedure also enable
employees to withdraw PF without help of his/her
employer. You can follow the PF rules when go
to the bank for your PF withdrawa.
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As per EPFO, if an employee provides details
like Aadhar card. And if employees bank account
is linked to his UAN, then an employee can just
approach EPF for withdrawal using his UAN. UAN
remains same regardless of the company where you
work.
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Simplified EPF Withdrawal Forms Login to EPFO
members portal for getting EPF form . EPFO has
simplified the PF withdrawal forms by introducing
brief forms. The forms are made one page instead
of 3-4 pages form. Unlike before, only 5 to 6
kinds of information are required in the form.
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The main motive behind simplifying EPF
withdrawal procedure is to enable employee to
withdraw directly instead of through the
employer. If an employee has UAN, the employer
does the verification of the KYC details of an
employee. For withdrawal purpose, an employee
needs to link the UAN number with his bank account
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If you know your UAN, you can visit EPFOs
website to activate it. You can also verify your
KYC details by uploading your digital signature.
Fill in your bank account details as well aadhar
number.
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The PF account is comprised of provident fund
and pension scheme. It is the employers
contribution that is contributed to EPF as well
EPS. Employees contribution goes to the EPF
only. If you want to withdraw your pension, fill
up the form 19 and form 10C.
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The forms for PF withdrawal can be easily
downloaded from the official website of EPFO.
Visit the download section and select the form
applicable for withdrawal purpose.
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THANK YOU

• CREDIT epfbalancestatus.co.in