Were you thinking of withdrawing your Employee Provident Fund? There’s good news for you. The Representative Provident Fund Organization (EPFO) has as of late reported a disentangled procedure for the withdraw pf amount. Presently you require not stress over getting the structures bore witness to by your manager. The new procedure is more straightforward, quicker and more secure. Read on to take in about it. We’ll take you through the procedure, slowly and carefully.
The EPFO has introduced a revised set of forms to facilitate smooth, hassle-free withdraw pf amount.
Did you locate the old procedure that required the business’ confirmation and validation exceptionally unwieldy? Not any longer. Because of the new changes, the withdrawal procedure will be substantially quicker on the grounds that now you don’t have to get the withdrawal shapes bore witness to by your boss.
The EPFO has introduced three new forms.
Who Can Use the New EPF Forms?
Did you think everyone can use the new EPF forms? The new EPF forms can be used only by those employees who fulfil the following two conditions.
Got a New Job?
If you just got a new job and want to withdraw your Employee Provident Fund, you cannot make a withdrawal. What do you do then, you ask? Apply for a transfer of your EPF.
A Guide to Withdrawing Money from your Employee Provident Fund Account
We’ll walk you through the process of withdrawing money from your EPF account.
If you have more than one UAN assigned to you, use the one given to you by your present employer.
You will need to provide the following information:
Remember to attach a cancelled cheque of the bank account mentioned in your KYC information.
Want to withdraw your entire EPF amount?
If you want to withdraw your entire EPF amount, you need to complete Form 19 UAN & Form 10-C UAN and send them both to the EPF office.