PF withdrawal process online is an easy and simple method to overcome the agents, some agents will charge up to 10%. Just imagine if you are withdrawing PF about 1 lakh Rs about 10,000 Rs you need to give an agent.
In this online process you can withdraw completely free by simply PF login and with following simple steps.
I am not economist or CA,
I have withdrew PF recently and thought of writing my own experience of PF withdrawal process online.
Do you know?
My PF claim online has canceled two times
Third time I have got succeeded
Let’s know the process in detail
What is PF?
PF full form is Provident Fund or EPF Employee Provident Fund. it is a scheme of providing monetary benefits to the salaried employee after their retirement or some times before only like at the time of jobless, marriage, or some other economically critical situations.
PF or EPF was introduced by the Indian government in 1952 under the Employee’s Provident Fund and miscellaneous act. all the rules and regulations are defined and followed by EPFO (Employee Provident Fund Organization). this body’s activities are managed by the Ministry of labor and employment.
One who is salaried and seen their payslip or EPF passbook can easily understand what is PF employee contribution and PF employer contribution both these contribute to a particular PF account you can check by PF account login or UAN log in.
What is UAN?
UAN stands For Universal Account Number. It is also a number similar to a bank account number, every employee( where the PF deduction exists) will be having a unique 12 digit identity number for PF is UAN.
Every time you change the companies on your requirement and on intimation to the company, only member identification number(ID) will change not UAN. The new company will link ur PF to the existing number only.
After logging into the UAN portal, check all the details and verify. like Adhaar number, Pan number, Date of birth, Bank account details, etc. and you can pf balance check online by UAN number
There are so many reasons to withdraw the PF.
That too in this COVID 19 pandemic many peoples are not getting their full salary and many jobless too, to overcome this economic criticality with some other reasons people are looking towards their fund saving.
Reasons for PF withdrawal.
- COVID 19 ( Corona Virus) pandemic economic issue.
- Jobless
- After retirement
- Marriage purpose
- Medical treatment
- Educational purpose
- House Construction
- Property purchase
Types of PF withdrawal.
The reasons have already told in above and the types are
- PF final Settlement – withdrawal After retirement or Jobless
- PF partial settlement- withdrawal in case of emergency.
The PF withdrawal process online
Here I am going to tell the PF withdrawal process online. you can also visit nearest EPF office.
For online PF transfer process some important withdrawal forms are one need to fill
- PF final settlement – Form 19
- Form 10C – Pension Withdrawal
- Form 31 – PF partial withdraw
- And Form 15G and Form 15H – self-declaration form to ensure no TDS ( Tax deduction source)
In my situation i was jobless and want final settlement of PF.
Key Points to remember for PF withdrawal process online
When we are going to withdraw PF online some key points need to remember like
- One should have UAN and it should be an active one.
- If you are Jobless.you should be more than 2 months without a salary
- UAN should be registered with your mobile number
- Verified PAN number
- Verified Adhaar number
- Adhaar should be linked to your mobile because OTP will come to that number
- Bank account details should be seeded to UAN
- Email ID
- The date of birth must same as the adhaar and PAN
- Member ID should be visible
- Date of Join (DOJ) and Date of end (DOE) of the company.
- Reason for leaving the company.
Once you log in to withdraw form it should be like below image.
Steps for PF withdrawal process online
Once all the above things are correct we can start process of withdraw.
Step 1 – Search on Google EPFO
Google the word EPFO you will get below Results and click on for For Employees.
Once click on for employees you will direct to the EPFO portal
Then click on Member UAN/Online Service (OCS/OTCP)
Step 2 – UAN log in
You will get below like below image. Then enter your UAN number, Password and Captcha then click sign in.
Here you can download your UAN card and update PF KYC like Adhaar, PAN, mobile number, email ID, and check bank details.
Once everything is correct will move to fill the forms
Step 3 – online services
Now click on online services top right end tab and click on claim.
Step 4 – Bank details
Before entering the account number cross verify the displayed details. like below.
Here you enter the bank account number which should be seeded with UAN
Once you click verify some warning pop-up will come read it carefully and enter YES.
Step 5 – Pf withdrawal form 19
Once bank details filled you will get this window and select Form 19. It is for only PF withdrawal.
Here you will get another form Form 15G
Step 6 – Form 15G
Why to fill Form 15G? is a big question
- It is a self-declaration form to avoid TDS( Tax deduction source).
- Only If you are withdrawing 50,000Rs or more.
- If your service in a company or organization is less than 5 years.
And If you do not upload form 15G you will be deducted 10% of your PF. like if you are withdrawing 1,00,000 you will get 90,000 only 10,000 will be deducted.
For sample you can check my Form 15G here
Upload the filled Form 15G. it should be in PDF format and less than 1MB
Enter your personal address in relevant blanks
Step 7 – Blank cheque or bank passbook
While uploading blank cheque be careful below things
- The file should be in the JPG or JPEG format.
- File size should be 100KB < file > 500KB
- Bank IFSC code name and account number should be clearly visible.
In some bank’s cheque -book there won’t be the name on any check leaf then better to upload the front page of your bank passbook and the image should be readable.
Step 8 – Adhaar OTP
Before checking in the blank box at last of the page please check the entered details once again.
Click on get Adhaar OTP , you will get OTP to your mobile number which is registered with Adhaar.
Enter the OTP received and then submit.
Here your form 19 process is complete.
Step 9 – Form 10C
Follow the same process until Step 4
In next step in select claim option click on only pension withdrawal (Form 10C)
Here also upload your Blank cheque/passbook and relevant address as like you filled in Form 19,
Check in the Adhaar box get OTP and submit your form 10C
Step 10 – Check PF Claim status
After submitting both the PF and pension withdrawal need to check claim status. click on home and at right top online service and click on track claim status.
There you will get submitted date and current status of your claim
The day you submit your PF claim status will be settled within 3 to 4 working days.
Why my claim has rejected two times?
By seeing the videos and some articles I have submitted but within three days in claim status, it was Rejected
First-time claim rejection
The first time while uploading a blank cheque there was no name. hence it was rejected. this was the mistake and showing two reasons like need to upload name printed cheque leaf. because simply I had uploaded the blank cheque of my bank passbook
Second-time claim rejection
The second time, I thought need to write my name on a blank cheque. and submitted with the same process. on 29th April. and on 1st may claim rejected by telling the same reasons.
You can see in the image below. the time taken to check claim is only three days
Third time claim settled
Third time i have dropped the Blank cheque thought and uploaded first page of bank passbook.
Bravo!!!!!!!!!!!!!!!!
I have succeeded.
You Know on 1st may I have submitted PF claim online settled on 3rd may. in only three days my PF fund transferred to my bank account.
You can see here on claim status below
You can see the above image and dates of interactions. The PF withdrawal process online is very fast I personally prefer try to apply yourself.
If PF claim rejected don’t worry read the reasons carefully and re-apply. Definitely you will get money without loosing a single penny.
Super
Thank you Raghu G