How to Withdraw PF Amount Online

(EPF) Employees Provident Fund amount withdrawal, also known as PF (Provident Fund), is a compulsory savings and pension scheme for employees of eligible organizations Employees can fall back into the corpus of this fund after retirement. As per EPF rules, employees have to contribute 12% of their basic salary to this fund every month. The employer transfers the matching amount to the employee’s PF account. Money deposited in EPF account earns interest every year. Employees, how to Withdraw PF amount online? We can withdraw the entire amount accumulated in their EPF upon retirement. However, this article explains how to easily withdraw money from an EPF account if one meets certain conditions.

Withdraw PF Amount Online:

Withdrawing your PF amount check online has become a convenient and time-saving option. This process utilizes the Universal Account Number (UAN) portal, streamlining the experience for Indian citizens. To withdraw PF amount online, you’ll need to be registered on the UAN portal and have your KYC details verified.

Eligibility for the PF Amount Withdrawal Process Online:

Online eligibility for the PF amount withdrawal is described below.

• The employee must provide the employer with the monthly report or its equivalent.
• Employees should update their personal information on the EPFO ​​portal.
• The employee is required to have at least two months of continuous employment in the current job.

Procedure for PF Money Withdrawal After Resignation:

The outline of the procedure for PF money withdrawal online after resignation is given below:

Submission of Form 19: Start the PF balance withdrawal process by submitting Form 19 to your current employer.

This form can be downloaded from the EPFO website or the nearest EPFO office.Form-19 must be signed and given to the employer, along with the bank passbook.

PF Account Transfer: If you change jobs and have multiple PF registration accounts, you can pool them by transferring your account balance to the current one. Complete the PF transfer by submitting Form 13 to your current employer.

Approval of Removal Request: Once submitted, your current employer will review the information and approve the removal request. This approval may take up to 20 days from the date of submission.

Receipt of PF withdrawal: Once your withdrawal request is approved, the accumulated PF money withdraw online will be transferred to your bank account. This fee can take up to 30 days from the date of approval.

How withdraw PF money online after leaving the job?

1: Go to the official EPFO ​​portal and enter your UAN and password.

2: Go to the ‘Online Services’ section and select the ‘Claim’ option from the drop-down menu.

3: For redirection, enter your bank account number and click ‘Verify’.

4: Click ‘Yes’ to confirm and select ‘Proceed with Online Claim’.

5: Under the ‘I want to apply’ section, select the release form you want to apply for.

6: Select the ‘PF Advance’ form, give the reason for your EPF withdrawal, and submit your application. You may need to submit supporting documentation for verification.

Step 7: Once approved, the PF withdrawal processing will be credited to your bank account.

Documents required for EPF Amount Withdrawal:

The following documents are required to initiate an EPF Amount Withdrawal:

• Universal Account Number (UAN)
• Proof of identity and address
• A cancelled check with the IFSC code and account number
• Bank account details

Process for checking PF withdrawal status online?

1: Visit the official EPFO ​​website. Select ‘Services’ and then ‘For Employees’.

2: Select the ‘Know Your Claim Status’ option.

3: Click on the link provided, which will direct you to the Member Passbook application.

4: Login to your account by entering your Universal Account Number (UAN), password, and captcha.

5: You will now see the ‘View Claim Status’ option. Click here to check the status of your order.