EPFO provides an online facility for eligible subscribers to withdrawal from their provident fund savingsRetirement fund body EPFO or Employees' Provident Fund Organisation permits subscribers to withdraw from their savings under certain circumstances.
EPFO's contributory provident fund scheme, Employees' Provident Fund (EPF), enables subscribers to accumulate and earn interest on savings for retirement.
EPFO allows partial withdrawal from the provident fund accounts for purposes such as education, marriage, illness and house construction.
Through its unified portal, unifiedportal-emp.epfindia.gov.in, EPFO enables eligible subscribers to apply for a withdrawal from the EPF account.
Once the KYC (know your customer) details provided by such applicants are approved, the PF money is transferred to the subscriber's bank account within 10 days, EPFOsaid on Twitter.( How to access EPF passbook online)1.
The user is required to visit and log in to the EPFO unified portal.
The user is then required to furnish details such as Universal Account Number (UAN) and password to log in.2.
Once logged in, the user may select KYC under the "manage" section.( All you need to know about EPF online nomination)Here the status of KYC verification is displayed.3.
The user can then proceed by selecting "claim (form 31, 19 and 10C)" under the "online services" section.
Here, a claim can be filed using any of the forms 31, 19 and 10C.4.
After this step, the user is required to verify the claim by clicking on the "verify" option given on the screen.( How to check EPF balance)5.
The user is required to fill in the last four digits of his or her bank account number on the claim form.6.
The user can submit the form by clicking on the "proceed for online claim" option.The subscriber is also required to fill in details such as the purpose and amount of advance required.
The subscriber must choose the type of withdrawal claim he or she wishes to file: a full withdrawal, a partial withdrawal or a pension withdrawal.After the user submits these details, anOTP or One-Time Passcode is sent to the mobile number registered with the Aadhaar card of the individual.
Once the claim is submitted, it is forwarded to the employer for approval, according to the EPFO website.Get the latest election news, live updates and election schedule for Lok Sabha Elections 2019 on TheIndianSubcontinent.com/elections.
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