EPF Withdrawal
Table of Contents
When can EPF be withdrawn?
EPF can be withdrawn in part or whole. When a person retires or is jobless for more than two months, they are permitted to withdraw completely. Partial EPF withdrawal is allowed in specific instances, such as for medical reasons, marriage, house loan repayment, etc.
Complete withdrawal
Under any of the following situations, the EPF can be entirely withdrawn:
- If a person decides to retire
- Suppose a person is out of work for more than two months. Individuals must get an attestation from a ratified agency in order to try and make a withdrawal in this situation.
Partial withdrawal
Only under specific conditions is it possible to withdraw a portion of your EPF balance. Medical expenses, marriages, education, home mortgage settlement, and a partial withdrawal before retiring are all reasons to make a partial withdrawal.
Procedure for EPF withdrawal Physical Application
- Once you have registered your Aadhaar number and bank account data on the UAN portal and your UAN is operational, use the Composite Claim Form.
- Please fill out the form and send it to the EPFO office in your jurisdiction without the employer’s signature.
Procedure for EPF Online Applications
- Go to the UAN website.
- Use your Universal Account Number – UAN and password to log in.
- Fill in the captcha.
- To verify whether your KYC data, such as Aadhaar, PAN, and bank details, are validated, go to the ‘Manage’ page and choose ‘KYC.’
- After you’ve confirmed your KYC information, proceed to the “Online Services” page and choose “Claim (Form-31, 19 & 10C)” from the pop-up box.
- To sign the undertaking certificate, choose “Yes” and then “Continue.”
- Now, select ‘Proceed for Online Claim’ from the drop-down menu.
- After that, click ‘Yes’ to sign the undertaking certificate and continue.
- Select ‘Proceed for Online Claim’ from the drop-down menu.
Are there any restrictions on the withdrawal of EPF?
- For a Wedding, you can withdraw Up to 50% of an employee’s share.
- For Medical purposes, you may withdraw Up to 6 times of basic salary or total employee’s share and interest, whichever is lesser.
- For Repayment of a home loan, you can withdraw Up to 90% of the PF balance.
- For Renovation and Reconstruction of the home, you can withdraw 12 times of your monthly income.
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